Proof of sufficient funds

[Ibz2000]

Hi all. Any advice would be appreciated!!
So my undergraduate degree at Memorial University of Newfoundland costs 11,500 CAD per year and I would need to show 10,000 CAD for a year's worth of living! Would showing 15,000 CAD in my sponsor's bank statement along with a notarized affidavit of support be sufficient? I've already paid a full year's tuition! It's a non-sds application

 

[wonderbly]

If your sponsor has only 15k in their account how can they spend 10k of that on your living expenses???? No VO is going to buy that.

 

[Ibz2000]

If your sponsor has only 15k in their account how can they spend 10k of that on your living expenses???? No VO is going to buy that.

But my tuition fee for the first year is already paid. He earns about 1,200 BHD/ 4,000 CAD per month as well
We will be showing this through his bank statements

 

[wonderbly]

But my tuition fee for the first year is already paid. He earns about 1,200 BHD/ 4,000 CAD per month as well
We will be showing this through his bank statements

You still need to show the 10K CAD as ready funds. Failing that, VO will probably refuse you stating that they are not convinced you can maintain yourself without working in Canada.

How is your sponsor related to you?

 

[Ibz2000]

You still need to show the 10K CAD as ready funds. Failing that, VO will probably refuse you stating that they are not convinced you can maintain yourself without working in Canada.

How is your sponsor related to you?

He is my brother in law. We've gotten a notarized affidavit of support and all other necessary docs

 

[wonderbly]

He is my brother in law. We've gotten a notarized affidavit of support and all other necessary docs

Notarized affidavit proves nothing, sorry. Your BIL is not even immediate family so not a credible sponsor in the VO's eyes.
In my opinion, he doesn't have enough liquid funds in his account to sponsor you for 4 years of study plus living costs.

 

[Ibz2000]

Notarized affidavit proves nothing, sorry. Your BIL is not even immediate family so not a credible sponsor in the VO's eyes.
In my opinion, he doesn't have enough liquid funds in his account to sponsor you for 4 years of study plus living costs.

But aren't we supposed to show POF for only the first year (paid tuition and +10,000 CAD in my case) and then the bank statements and other docs will show how the fees and living costs for the remaining years can be paid?

 

[jweekend]

But aren't we supposed to show POF for only the first year (paid tuition and +10,000 CAD in my case) and then the bank statements and other docs will show how the fees and living costs for the remaining years can be paid?

10,000 cad is not enough for living expenses. You need to show more.

 

[Ibz2000]

10,000 cad is not enough for living expenses. You need to show more.

How about 15,000 CAD?

 

[wonderbly]

How about 15,000 CAD?

Can you show 15K CAD exclusively for your living expenses? If yes, then you have a chance. get GIC or any fixed deposit account in your name, preferably in Canada (yeah I know you are applying non-SDS) with that amount.

I hope you are not applying with family?

 

[Ibz2000]

Yes I think we will be able to show it exclusively for me. I am a 20 year old (had to take a gap year because of covid after my A levels) so no one will be accompanying me!

 

[blixdon]

Can you show 15K CAD exclusively for your living expenses? If yes, then you have a chance. get GIC or any fixed deposit account in your name, preferably in Canada (yeah I know you are applying non-SDS) with that amount.

I hope you are not applying with family?

Please how can he have fixed deposit account in Canada?

 

[wonderbly]

Please how can he have fixed deposit account in Canada?

I'm not really sure besides getting GIC from one of the recommended banks used for SDS applications? Didn't really look into this personally so don't know much about the process.