can i use property and land in my name as proof of funds

[mobbi]

Can I use documents of property in my name as proof of funds in EE?

 

[Aliz14]

Hi,

No, You need to show only CASH that you have in bank.

 

[mobbi]

Bank statement for how much months will be required?

 

[obaied]

Bank statement for how much months will be required?

It should be on ur name or ur accompany spouse's or joint account ( u and spouse) name and at least 3-6 months.
it is better if u put ur POF as a FDR.

hope it will help u

 

[new_day]

Can I use documents of property in my name as proof of funds in EE?

You can use:
1. Cash at your bank , your spouse's bank a/c or joint a/c
2. Provident fund+Gratuity at your company
3. Govt. Stock+Bond
4. FDR at bank

In a summary, all liquid assets which can be immediately transferred into cash with very clear valuation in monetary measurement (land,car,flat,gold etc. can not be quickly transferable asset and/or difficult to assess the exact valuation hence not accepted as POF ).

 

[new_day]

Hi,

No, You need to show only CASH that you have in bank.

Please note followings are also accepted:


1. Cash at your bank , your spouse's bank a/c or joint a/c
2. Provident fund+Gratuity at your company
3. Govt. Stock+Bond
4. FDR

thanks

 

[keen2]

Good to know that PF can be used as POF. Can you share the website link that allows this one pls?

 

[new_day]

Good to know that PF can be used as POF. Can you share the website link that allows this one pls?

FYI

http://www.cic.gc.ca/english/immigrate/skilled/funds.asp

I personally know some people who submitted PF as POF and accepted by CIC

 

[keen2]

Thanks! Although PF wasn't mentioned specifically there, good to know that it worked for someone you know.

 

[new_day]

Thanks! Although PF wasn't mentioned specifically there, good to know that it worked for someone you know.

Yes, not mentioned directly; but just read under heading "How much money should you bring?" where they mentioned "documents that guarantee payment of a set amount of money, which are payable to you ....."
This presented right after the POF chart which implies POF is also supported for those items.

 

[Rehman1001]

Can someone tell me if I sold the property which I have purchased for a saving purpose and show the amount as a POF is this ok? Secondly, how can I'll justify this amount in my bank account?