Hussainul said:
hello everybody,
i just got ITA in the latest draw under Express Entry system and is now really excited about it. However, i have a couple of questions in my mind. I will really appreciate if anybody can help me with those:
1. If get to canada, how long do i and my family need to stay there to keep our permanent residency?
2. I have some bank loans and credit cards. Do I have to pay those out before i take my bank solvency report from by bank?
3. Is tax payment a consideration?
1. 2 years.
FYI: Time spent living in Canada
When you are a permanent resident, you can live outside of Canada, but must live in Canada for at least two years in a five-year period. If you live outside of Canada for longer, you may lose your permanent resident status.
For more information on how long you have to live in Canada, see Appendix A: Residency obligation of the PR card application package.
Ref: http://www.cic.gc.ca/english/newcomers/about-pr.asp
2. Why you want to show CIC your loan info? If your bank can issue bank letter and statement without mentioning your loan, no need show your loan.
3. Tax doesn't matter here. PA should show in his account that he/she has enough money that CIC requires..and the money is in your account for 6 month. Last 6 month Average Balance will show that there is no big transaction last 6 months. If you have any big transfer to your account, you must prove that the money is your legal and own money, NOT LOAN.