Financial Self-Sufficiency

[rishirga]

Hi Friends I have another question for Financial Self-Sufficiency. If there are 3 members, 1 child 5 year and spouse and main applicant than

1. how much do you guys thing we should show in USD.

2. Also I have a concern all this fund should be on the name of main applicatant or it could be on spouse name as well

3. if we have any fixed deposit, can we count that or only it should be only in cash balance in our accounts.

4. this is different than this topic but still asking,i will appreciate if you can suggest some option. I have read about to show some papers on which both my spouse and my name is mentioned such as bank account and utilities, internet bill etc for last one year.

I dont have anything from last one year on my which my wife and I are mentioned. becoz my wife is not working so i have 2 bank accounts on my name only. reason becoz I am working outside my home country since last five years.

we have accounts in India but seperate not the joint accounts.

what should i do.

I really thanks to you for giving your time to my question and answering.

waiting for your answer.

Cheers!!

Rishi

 

[rishirga]

I am still waiting for the reply................. :'(

 

[RockinCanada]

Hi Friends I have another question for Financial Self-Sufficiency. If there are 3 members, 1 child 5 year and spouse and main applicant than

1. how much do you guys thing we should show in USD.
- There is an amount on the letter they send or you can check on the cic website, you must carry with you to Canada when you arrive there. In my case, for a family of 3, it was around $17000 CAD, not US. Convert US to CAD when you calculate that amount.

2. Also I have a concern all this fund should be on the name of main applicatant or it could be on spouse name as well
Funds could be in the name of both you, whether jointly or separate. If you have separate accounts, take both statements and show the funds.

3. if we have any fixed deposit, can we count that or only it should be only in cash balance in our accounts.
Fixed deposits can be shown as funds, but when you leave your country and for the purposes of using those funds when in Canada, it should be available to you for use. So you have to probably break the FD when you are immigrated. For application purposes, it would work though.

4. this is different than this topic but still asking,i will appreciate if you can suggest some option. I have read about to show some papers on which both my spouse and my name is mentioned such as bank account and utilities, internet bill etc for last one year.

I dont have anything from last one year on my which my wife and I are mentioned. becoz my wife is not working so i have 2 bank accounts on my name only. reason becoz I am working outside my home country since last five years.

we have accounts in India but seperate not the joint accounts.

what should i do.

Put both documents in your name as well as your wifes along the application. If funds are only in the name of main applicant, it is fine. Also, even if you have funds in name of your wife (as long as you can proove that you are legally married), it is fine. (In my case, I showed funds in my wife's bank account as proof of funds.)I really thanks to you for giving your time to my question and answering.
waiting for your answer.

Cheers!!

Rishi