APAK said:
55 lac is not overdoing it. I showed 100 lac n husband showed 10 lac n then I got the visa. Show property in ur name and good bank account. I think that's basically the biggest deciding factor. Show a good cover letter , convincing letter of intent,and invitation letter.
I usually don't have the time or energy to debate over a difference of opinion. But here is what i would say.
There is no fixed figure for a high or low barrier. So if you got approval with 100 lac it does not mean that is enough or less is low or any thing.
It totally depends upon your individual profile and how the money you have matches for / against it. Of course it is positive if you own property and have a good amount of money. It shoes ties - but only when it becomes apparent otherwise too that you are the owner of all stuff shown.
I thought the OP was a relatively younger person. 55 lacs is definitely too much for a student / fresh guy (unless he shows proof of being from a rich family) has business or any thing.
Far too often i have seen cases where people with NORMAL profiles apply with insanely high amounts of money. And CIC takes that these guys have a lot and might not even need to work there to support themselves and hence can over stay illegally specially if they have a relative there.
Hence, build a good estimate of the amount you could have owned / earned and saved over a course of time, compare that with what one would need to spend in Canada for your visit. At best submit SUFFICIENT enough - some what more than what you need. It is NEVER RECOMMENDED to show insanely huge amounts of money unless you belong to some known name in / outside the country.
I applied and got approved for a family of 5 (with less than PKR 100K in my account (whose statement i submitted) for Canada. For US when i applied and got approved i barely had a few 10's of Ks. Does that mean i would start recommending to others - to base their finances on this. A Big NO. Every case and profile is different. So we simply can't relate those. Having too little or too much amount of money than what you should have / need to have for a trip there always raises questions. That is the point i am trying to convey. To me people seem to value funds amounts a bit too much compared to their profiles. Which is definitely not taken into account by CIC that much.
And this opinion is not written any where but it comes after going through this process as well as seeing at least a few hundred such cases. Still, at the end of the day, it is an opinion. Cheers