Hi. I have a post-graduate work permit and I am working in Manitoba (NOC B) on a valid job offer. I wish to apply for express entry. Do I need to show funds in my account? If yes, then how much and for how long?
Funds required for express entry.
- Thread starter prathmesh770
- Start date
Assuming you truly have a valid job offer then no, no proof of funds are required.
Yes, I have this appointment letter that states my hourly pay and other things such as the number of hours/week, duties, responsibilities, long-term employment statement etc. I hope that qualify as a valid job offer. Any comments on that?
So the PGWP = Open work permit? and the jobs obtained while on the PGWP do not qualify for valid job offers? Sorry but I am confused a bit. So as per CIC, I need not show money in my account if I have 'valid job offer' but since I am doing a job based on my PGWP makes my job not 'valid'? and I need to show proof of funds?
You basically do not qualify for the points (50 or 200) given for having a valid job offer, what that also entails (if you are not a CEC applicant) is that you must show proof of funds.
If you are eligible under the CEC program then no POF will be required.
So let's say that I wait for a few more months until I complete my one year at the job and then apply via CEC based on this one year of Canadian job experience, then do I need to show POF? Please note that I'll still be on PGWP at the time of application.
OK. Then if I am not applying via CIC then what should be the POF amount? and how old should be the bank statement with enough POF before I upload it to my EE application?
https://www.canada.ca/en/immigration-refugees-citizenship/services/immigrate-canada/express-entry/become-candidate/eligibility/proof-funds.html
Kindly look in to the CIC website for easily accessible info.
Yes, I checked this. But my doubt is for how long should I maintain that required amount (in my case 12500CAD) in my account? Some say it should be there for 3 months, some say for 6 months. I'm confused.
You have to provide six months average balance, either mentioned in the letter or as 6 month bank statement. The only constraint here is that the large sum of money should not come out of nowhere in these 6 months. You need to provide proper explanation and proofs for the same. You can look at the following threads,
https://www.canadavisa.com/canada-immigration-discussion-board/threads/proof-of-funds-requirements-explained.45043/
https://www.canadavisa.com/canada-immigration-discussion-board/threads/proof-of-funds-format-of-gift-deed-affidavit-and-loe.487054/
Also, it is not like you have to maintain the amount for so many months. For e.g, If you get money from your father as a gift and provide proof for the same in your LOE, then that money can even appear a day before you submit your application. It's just that every thing should be backed up with the respective documents and proofs.
Wow. Thanks for all the info. So basically I need to stay up front and try not to deceive the system in any way, which I don't think I would try to do in million years. Hehe.