CEC PROOF OF FUNDS

[Raphealvw]

Hi Everyone,
Just wondering if anyone is in the situation I'm in or has experienced the same situation. When I filled out my Express Entry Profile, I entered $12000 for the question about funds. At the time I had the complete required funds but due to the situation in the stock market at the moment, the funds have reduced. I have an ITA now and will be applying under CEC. Does anyone if it's okay to update funds in the main application after receiving ITA? I was thinking of including a Letter of Explanation explaining the situation.

Please advise,
Thanks,
Raph

 

[karan-91]

Yes, a portion of my funds are in stocks as well. There is some fluctuation in the market value of these.

However, I am not really close to breaching the low income cut off score limit. Go back to the questionnaire and update the funds available to you. Once you do this, as long as you are still higher than the cut off score, you will be fine.

 

[dobes]

Hi Everyone,
Just wondering if anyone is in the situation I'm in or has experienced the same situation. When I filled out my Express Entry Profile, I entered $12000 for the question about funds. At the time I had the complete required funds but due to the situation in the stock market at the moment, the funds have reduced. I have an ITA now and will be applying under CEC. Does anyone if it's okay to update funds in the main application after receiving ITA? I was thinking of including a Letter of Explanation explaining the situation.

Please advise,
Thanks,
Raph

After you receive your ITA, you will not be able to change what you wrote on your original application. But in your new PR application you can enter a different amount of money. I would include a letter of explanation for this. No one got points for having money or not, but it can affect your eligibility under some programs. As you are a CEC applicant, you should be okay.