Change in how much money will you bring to Canada after getting ITA

[romram]

Hello Seniors,

While filling my EE Profile I mentioned that I will bring $50000 CAD to Canada because that is what my total worth is right now. I got the invite on Feb 8th. While filling the application, I read the proof of funds requirement in detail and came to know the following:
- It is generally advisable to show POF only by the PA
- Only Bank balance and FD's are good options to show POF.

Now here is my situation. My wife is secondary applicant with me and the minimum funds requirement is $15,312 CAD for a family of two. I have around $19K CAD in bank balance and FD under my name, about $20K in FD under my wife's name and another $12K in mutual and debt funds.

Would it be advisable to:

1. Change the "How much money (in Canadian dollars) will <> bring to Canada to support themselves and their family?" from $50000 to $18000 and write a LOE explaing why I did so and showing all POF from my account.
OR
2. Change the "How much money (in Canadian dollars) will <> bring to Canada to support themselves and their family?" from $50000 to $36000 and write a LOE explaing why I did so and showing all POF from my account and my wife's account?

Also do I need to write an LOE if I change the amount from $50000 as long as it remains above the minimum required limit?

Thanks in advance for the answer.

 

[ashwani.m]

They are only bothered till the time you have POF for at least 15312 CAD. More than this and they won't raise a thing. You just provide LOF of what you have and write in LOE

 

[canadalove85]

They are only bothered till the time you have POF for at least 15312 CAD. More than this and they won't raise a thing. You just provide LOF of what you have and write in LOE

if you do write say 30K CAD in your EE profile and are able to show the proof of funds at the time of ITA. Are you required to carry 30K when landing in Canada after getting the PR or it can be any other amount?

 

[21Goose]

When you land, you may be asked to show bank statements or other documentary proof of your funds. You have to have more than the minimum required, but it doesn't have to be exactly what you said in your application. If you have less than the minimum you may be denied entry.

 

[vinegarandsalt]

So, by the time I received an ITA the minimum amount for POF was below 16k CAD and I stated that I would bring 16k CAD with me in the questionary and I uploaded proof of funds documents showing I had 38k USD in my bank account.

However, my application was submitted after 1st of January and the minimum amount required was updated to 16.100 CAD on the website. Now, I worry If I had to update my statement according to the minimum amount even though it was above the minimum amount by the time I had received the ITA and I had shown funds considerably higher than the minimum amount.

Any advice if this would cause any problems would be very appreciated!!

Thanks!

 

[21Goose]

Nah, you won't have an issue. Since you've already submitted statements showing you have a lot more than the minimum, a $100 change will make zero difference. They can see that you have the money.

 

[vinegarandsalt]

Nah, you won't have an issue. Since you've already submitted statements showing you have a lot more than the minimum, a $100 change will make zero difference. They can see that you have the money.

i hope so! thanks

 

[MooriMoori]

Hi,
During the eligibility test, I chose the range of 30k to 33k for a family of two and opened my profile with the same amount. But, I changed the amount to 20k before recieiving an ITA. Will this be a problem? Tnx

 

[imusi]

Hi,
During the eligibility test, I chose the range of 30k to 33k for a family of two and opened my profile with the same amount. But, I changed the amount to 20k before recieiving an ITA. Will this be a problem? Tnx

Not a problem. Just make sure your POF aligns with the requirements and shows enough money as required by IRCC.

 

[MooriMoori]

Thank youu

 

[Zcvxcv]

Can someone confirm please. Even if I indicate in PR profile that I'm bringing 80.000 CAD, but I provide bank statement of 20.000 (more than required). It is still fine? or I should change in my profile to 20.000 cad?