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Bank funds duration?

awaixjvd

Full Member
Jul 31, 2017
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Lahore
Hi

I waned to know the duration for which the funds needs to remain in the bank account of principal applicant during the EE process. How long should i keep the funds in the bank account (as i am the principal applicant) and when it is safe to withdraw that amount?

I want to know how long it needs to be in my account once i make the CIC EE profile.
 
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DelPiero07

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Oct 2, 2016
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You must meet the required funds when submitting your eAPR and when landing in Canada to finish the PR process.

You shouldn't take loans to meet those funds.
 

crescent_jam

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Hi

I waned to know the duration for which the funds needs to remain in the bank account of principal applicant during the EE process. How long should i keep the funds in the bank account (as i am the principal applicant) and when it is safe to withdraw that amount?

I am asking this, because i am borrowing this amount from different sources, like family and friends. They have asked me the duration for which i need amount and i have to return them by that time. I want to know how long it needs to be in my account once i make the CIC EE profile.
Oh dear! To echo what DelPiero said, you can't use loans to finance your settlement funds. This is explicitly against IRCC's policies; hopefully you just weren't aware of this and now you are.

But if you are aware of this policy, and are just hoping that IRCC somehow doesn't pick up on the fact that you borrowed the funds you're claiming, you probably shouldn't be asking persons on this forum to advise you on this particular choice and activity....
 

hamgha

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The point of funds is to prove you'll sustain yourself. You'll need it to survive when landing so borrowing is useless.
 

moonarch

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Oct 31, 2015
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The point of funds is to prove you'll sustain yourself. You'll need it to survive when landing so borrowing is useless.
you mean to say wat we have provided while submitting our docs should be same in future ??if i provided docs mentione 22000CAD then same amount must be shown in future statement or i can maintain uptill required amount in my case??
 

hamgha

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you mean to say wat we have provided while submitting our docs should be same in future ??if i provided docs mentione 22000CAD then same amount must be shown in future statement or i can maintain uptill required amount in my case??
you only need to show the pof for your family number. you'll have to take the money. if you have no money and borrow it for pof then return it how do yo uthink you're gonna survive the first couple of months in canada?
 
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moonarch

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Oct 31, 2015
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you only need to show the pof for your family number. you'll have to take the money. if you have no money and borrow it for pof then return it how do yo uthink you're gonna survive the first couple of months in canada?
AGreed..but i ve to atke whole money wat i have mentioned like 18825 limit for my family numbers...??
 

hamgha

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AGreed..but i ve to atke whole money wat i have mentioned like 18825 limit for my family numbers...??
you'll have to show your balance when you land. to repeat what everyone said, your plan is bad. borrowing money to show proof of funds and returning them is against the rules. if you want to do that, do it at your own risk.
 
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moonarch

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Oct 31, 2015
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you'll have to show your balance when you land. to repeat what everyone said, your plan is bad. borrowing money to show proof of funds and returning them is against the rules. if you want to do that, do it at your own risk.
i am not borrowing ...but m just asking i ve to take wid me the amount wat i ve shown in submittied docs..cz there is mentioned in site that i can take less then 10000 CAD with me..
 

hamgha

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i am not borrowing ...but m just asking i ve to take wid me the amount wat i ve shown in submittied docs..cz there is mentioned in site that i can take less then 10000 CAD with me..
i see you edited out the part you mentioned borrowing and returning later on. you have to take the amount needed for POF and keep it. don't borrow, don't take loans. it will come back and bite you. stop trying to bend the rules. Good luck
 
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