BetterLife said:
What can I declare as a Proof of Funds ?
Acceptable proof of funds are:
bank accounts in your name or the name of your accompanying spouse/common-law partner;
cash-able investments in your name or the name of your accompanying spouse/common-law partner;
cash-able fixed deposits in your name of the name of your accompanying spouse/common-law partner.
Not acceptable are:
bank accounts in someone else's name;
bank accounts which are joint in your name and someone else (other than your accompanying spouse/common-law partner);
bank accounts in the name of your spouse who is not accompanying you to Canada ;
property valuations;
vehicle valuations;
jewellery valuations.
In short anything is that is volatile (bonds, shares) or that cannot be easily transferred (liquidated) cannot be used as proof of funds.
Note: This is taken from an official email from the New Delhi Visa Office, that was shared by a forum member
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Please see CIC document Proof of funds - Federal skilled workers.According to CIC these funds could be in the form of:
cash
documents that show property or capital payable to you (such as stocks, bonds, debentures, treasury bills, etc.) or
documents that guarantee payment of a set amount of money, which are payable to you (such as bankers' drafts, cheques, travellers' cheques or money orders).
I am showing Rs. 70000 in cash and Rs. 1744000 in stocks i.e. CAD 32538.
CIC document has clearly stated these funds could be in the form of stocks. Now whom should I follow. Could someone with this knowledge help clarifying this.
