403 (b) account as proof of fund?

[Popat]

Hello all,

I just want to know if I can use my 403 (b) account statements as proof of fund. Is that acceptable?

 

[dopehead]

Generally retirement accounts are NOT considered for proof of funds. From the CIC documents upload page:

If you are applying for permanent residence in Canada, you must provide an official letter issued by your financial institution indicating your financial profile. This must:

• list of all your bank (chequing and savings) and investment accounts, the account numbers, dates each account was opened and the balance of each account over the past six months,
• list all outstanding debts, such as credit cards and loans,
• be printed on the letterhead of the financial institution, and include your name and the contact information of the financial institution (address, telephone number and e-mail address).

 

[Popat]

Generally retirement accounts are NOT considered for proof of funds. From the CIC documents upload page:

If you are applying for permanent residence in Canada, you must provide an official letter issued by your financial institution indicating your financial profile. This must:

• list of all your bank (chequing and savings) and investment accounts, the account numbers, dates each account was opened and the balance of each account over the past six months,
• list all outstanding debts, such as credit cards and loans,
• be printed on the letterhead of the financial institution, and include your name and the contact information of the financial institution (address, telephone number and e-mail address).

I hope thread below helps you too.
http://www.canadavisa.com/canada-immigration-discussion-board/threads/us-ira-401k-as-proof-of-funds.371330/page-2

 

[mgnlky]

I used 401k funds with no issue. You can liquidate them at any time; that's what CIC cares about.

 

[Popat]

I used 401k funds with no issue. You can liquidate them at any time; that's what CIC cares about.

Thank you buddy. Then I will use my 403b when I apply.