Proof of funds - FSWP

[psompura]

Hi guys,

I have recently applied for express entry and had a query regarding my proof of funds. I am working in a permanent full-time job in Canada since Jan 2017 (less than 1 yr). My wife is also working full time but for less than a year and our combined income is clearly more than the required. So I'm wondering how I should show my funds? Will our pay-stubs along with a letter of explanation be enough?

Regards

 

[DelPiero07]

You'll need a bank letter which follows IRCC's guidelines.

 

[psompura]

You'll need a bank letter which follows IRCC's guidelines.

So would the bank letter regarding my income suffice or I would also need funds in the bank?

 

[DelPiero07]

You are a FSW applicant and you haven't mentioned anything regarding a valid job offer so you must have the funds.

 

[psompura]

You are a FSW applicant and you haven't mentioned anything regarding a valid job offer so you must have the funds.

I have a job offer but its less than 1 year.

 

[DelPiero07]

There's a difference between a job offer and a valid job offer.

Unless you have LMIA or a LMIA exempt work permit which is employer specific (closed work permit) and have worked for an employer for a year you do not have a valid job offer.

 

[psompura]

There's a difference between a job offer and a valid job offer.

Unless you have LMIA or a LMIA exempt work permit which is employer specific (closed work permit) and have worked for an employer for a year you do not have a valid job offer.

I have an open work permit which is not employer specific. Also, If I can show that I earn enough to support me and my family in my LOE, do you think that would work?

 

[DelPiero07]

No. Again, you must meet the minimum required funds.

 

[crescent_jam]

I have an open work permit which is not employer specific. Also, If I can show that I earn enough to support me and my family in my LOE, do you think that would work?

An open work permit which is employer specific isn't enough. It has to be an LMIA-exempt work permit which is employer specific. It's not LMIA exempt, you need an LMIA.
Only a few types of arranged employment in Canada actually qualify as VALID employment for Express Entry purposes.
See here for more details: http://www.cic.gc.ca/english/immigrate/skilled/offer.asp

Unless you satisfy the criteria highlighted in the website I gave you, you have to show proof of funds in for the form of letters from your financial institutions showing you ALREADY have the money in cash or qualifying investments. Showing that you earn an adequate income won't be enough.