Quote from: Suhas on August 04, 2014, 10:16:15 am
Just two more queries from experienced members:
For proof of funds, i arranged bank certificates / certificates from investment management compnies on their letter head and sent these certificates with my application. i didnt find anywhere in guidelines that we need to maintain the same balance till the time the application get accepted by CIC. i do possess/own all required funds but routinely i withdraw amounts to manage my financial needs as some of these bank accounts are current/saving accout type.
I read some where in the forums that to prove this in future, you need to show the last six months bank statements. Is this trure, because i didnt find this information anywhere in guidelines and i have withdrawn amounts from these bank accounts. Am i in trouble??? i can easily arrange these funds back in my same bank accounts.
Further how i can update my application status on shared excel file and can some body tell me the link of that file?
nskatcv said:
CIC says that You must show that you have enough money to support yourself and your family after you get to Canada. You cannot borrow this money from another person.
http://www.cic.gc.ca/english/immigrate/skilled/funds.asp
How can they be sure that you didn't borrow ? Asking for previous month's statements is the only way they can I suppose. That is the reason people here (and elsewhere) ask to maintain the account balance. A little up and down is alright for a savings account, but emptying it and refilling might not be a good idea.
Regards
You are right but normally my view is that they need these funds with you at the time of landing in canada to support your time of unemployment and if you can bring this amount at the time of entry, i believe it is safe for them. it would be difficult for applicant to carry these borroowed funds at the time of entry in canada.....So they generally are linient on this point and if i believe if they feel any concern, they may demand six/three months bank statements just the same way as previous UK tier one immigrants were required to produce at the time of filing an application.
Further as i have carried some of these funds in current/saving accounts, which are normally non earning/non interest bearing so one can not keep these funds idle for such a long time. One may keep investing these funds in profitable ventures, CIC concern would be that these funds should be liquid in nature.