FSW 2014 Applicants Timeline- Lets Network Here.

[Sverma495]

I can see the dates mentioned after forms, like in genric form it is july 2014. What does this signifies/indicates ??

 

[nskatcv]

@ Dimitrych,

Now that's what I call a very useful contribution to the forum. Many thanks for doing that - it makes analysis of what's really going on a little more easier!

+1 for your contribution.

Can members also edit the spreadsheet, or is it only admin's prerogative (which I have always believed).

 

[nskatcv]

I can see the dates mentioned after forms, like in genric form it is july 2014. What does this signifies/indicates ??

It signifies the latest version of the forms .

 

[Angel16]

Thanks neel for the elaborate explanation. Will think about it again. Just one more thing. FDs are risk free but not tax free. And u r taxed as per ur tax bracket ...so ur net returns comes to 6.3% if u fall under 30% tax bracket.
Accrual funds is a product which investments in corporate bonds and has a fixed maturity of 12m, 18m, 24m n so on. The returns one can expect is 10% tax free. Thr is no lock in ...One can redeem money any time with a exit load if need be.

Anyways.... I will definitely rethink of moving the funds keeping ur advice n concern in mind.

@ Angel16,

I'm not familiar with "accrual funds" .. could you pls elaborate.

"Mutual funds" can be a good option but remember MF's give decent recent over a long period of time. In short term it is more risky to expect abnormal returns from MF's. Though it has no lock-in but imagine if you were to redeem it in one day & on a day/period when market situation is bad.. you'll end up booking a loss / sacrifice return

Regarding "FD's" .. your money is Not eroded and 9% is a good rate of return (in Canada you will earn less than 2%). Also, over the last month FII's have invested heavily in Debt market as Bond yields are expected to lower in the future. So locking 9% return in a Risk free instrument like FD's makes sense.

Also, look at Settlement Funds (currently locked) from a PR point of view:
Time horizon = 1 yr (assuming, you get a PR and ready to travel with Settlement Funds).
Settlement Funds (Corpus) - say, Rs. 10L
FD's rate of return- 9% (Guaranteed, Risk free)
Accrual Funds/ MF's- how much more ? assume, 15% expected returns from MF - conservative est. (No Guarantee, Riskier in short run)

So, your Opportunity cost (differential returns in FD's) = (15%- 9%) * 10 L = Rs 60 K

For gaining approx Rs. 60K you'll loose your peace of mind by taking additional risk (in MF's/ accrual funds) and hassles/ expln to CIO at a later stage (if POF reqd) etc.
Compare Rs. 60k with the benefit involved in achieving your PR to Canada... its just peanuts !

Take your call !

 

[Sverma495]

It signifies the latest version of the forms .

So generic has july2014, and accirding to some members it can not br print. I will be sending my app on 8july. So can i fill it now or after 1 july ??

 

[Century]

@ Angel16,

I'm not familiar with "accrual funds" .. could you pls elaborate.

"Mutual funds" can be a good option but remember MF's give decent recent over a long period of time. In short term it is more risky to expect abnormal returns from MF's. Though it has no lock-in but imagine if you were to redeem it in one day & on a day/period when market situation is bad.. you'll end up booking a loss / sacrifice return

Regarding "FD's" .. your money is Not eroded and 9% is a good rate of return (in Canada you will earn less than 2%). Also, over the last month FII's have invested heavily in Debt market as Bond yields are expected to lower in the future. So locking 9% return in a Risk free instrument like FD's makes sense.

Also, look at Settlement Funds (currently locked) from a PR point of view:
Time horizon = 1 yr (assuming, you get a PR and ready to travel with Settlement Funds).
Settlement Funds (Corpus) - say, Rs. 10L
FD's rate of return- 9% (Guaranteed, Risk free)
Accrual Funds/ MF's- how much more ? assume, 15% expected returns from MF - conservative est. (No Guarantee, Riskier in short run)

So, your Opportunity cost (differential returns in FD's) = (15%- 9%) * 10 L = Rs 60 K

For gaining approx Rs. 60K you'll loose your peace of mind by taking additional risk (in MF's/ accrual funds) and hassles/ expln to CIO at a later stage (if POF reqd) etc.
Compare Rs. 60k with the benefit involved in achieving your PR to Canada... its just peanuts !

Take your call !

No earning is free. The cost of extra earning is keeping all tracks of investment document from source settlement fund and possibly (low chance) writing explanation letter to VO if and if VO asked for current fund.

 

[universe78]

Hello
I sent my app. on 5 may in which I missed few things to add. can I send these with another courier? Please guide what to do at this stage. W8ing for valuable feedback from seniors.

 

[randev]

Lost all hope since last week. 6th May applicant, NOC 2281. No CC charge, while others before me already have PER. Not even worried/anxious anymore, only disappointed.
I guess it's time to wait for my application to get back to me and re-apply.
No idea why it would be returned, sent a lot of evidence... will know in 3 months probably... *sigh*
My only hope is to still be in cap in 3 months from now.
Sucks to be me. FML.

Don't give up hope, mate. Your NOC isn't as hot as 2174 and 1112. Now only are people in those categories getting their CCs charged for applications received on the 5th. I suspect CIC got flooded with applications on the 5th and are still working through them, giving NOCs with the highest number of applications priority processing. Don't assume that there's a problem with your application. Like the reasons I mentioned above, there could be many others why you haven't heard anything yet.

Take your mind off this and focus on other things. Watch the Soccer WC if you're into that sport.

And PRAY!

Good luck.

 

[Century]

Re: Champion member

Congrats on becoming a Champion member, Century!

You have Championed the cause of helping others; this is highly deserving brother!

Thank you for the appreciation ;D ;D ;D. I have not noticed of becoming Champion Member!!!

 

[Achiever 99]

Hey everyone,
I've added some statistics and charts to the spreadsheet:

Times sheet: has all kinds of processing time statistics, like "Days between App.Received and Fee Encashed", "Days between Fee Encashed and PER", etc.
Transit times sheet: has statistics specifically for transit times, by country or city, based on the most popular Sent From countries and cities in the spreadsheet.
Charts sheet has been updated with corresponding charts.

Brilliant work done!!!!! (Y)
+1 for you

 

[krb]

Congrats brother

When you say DD enchased, do you mean the enchasement date was given in PER or have u contacted bank ?

many Congratulations!!

 

[Achiever 99]

Re: Champion member

Thank you for the appreciation ;D ;D ;D. I have not noticed of becoming Champion Member!!!

Congo Century.... Keep up the good work... (Y)

+1 for Champion

 

[mankene]

Hello everyone,

Please, am intending to send out my FSW application by end of this June.
Is it late? Can I still be considered? Does anyone know?

And the application fees, am I paying for myself the principle applicant and my wife also?($550+$550),
or just for me the principle applicant($550).

 

[ssamjos]

found it, chinese forum for FSW

http://www.yiminjiayuan.com/thread-112015-25-1.html

 

[shahid_canadaim]

Hello everyone,

Please, am intending to send out my FSW application by end of this June.
Is it late? Can I still be considered? Does anyone know?

And the application fees, am I paying for myself the principle applicant and my wife also?($550+$550),
or just for me the principle applicant($550).

Hi,

Just send the application and relax and also hope for the best. As, no one knows which application will be valid for all the details and how many applications might be rejected.
For second question I believed it was 490$ + 490$ as landing fee for primary applicant and spouse(partner). Other seniors could correct it.

Regards,
Shahid