Hello guys,
Good day everyone.
I need some advice regarding CIC email requesting me to explain how did I accumulate my proof of funds.
This is the letter from CIC.
Dear **************
This refers to your application for permanent residence in Canada.
Subparagraph 76(1)(b)(i) of the Immigration and Refugee Protection Regulations states that;
“the skilled worker must... have in the form of transferable and available funds,
unencumbered by debts or other obligations, an amount equal to half the minimum necessary
income applicable in respect of the group of persons consisting of the skilled worker and their
family members.”
A family of 1 must have at least CAD $11,824 in settlement funds. The words “settlement funds” refer to
readily available money needed to cover the general cost of living in Canada during the search for
employment. It excludes any financial obligation which may be met in the Philippines before departure
and transportation costs to Canada.
You declared that you had PHP 533,000 in settlement funds. As proof, you provided a certificate from the
United Coconut Planters Bank (UCPB) dated July 18, 2014. However, you did not provide an explanation
for the source of and history of accumulation of these funds.
The documents on file are insufficient to establish that you meet the requirements described in Section 76
of the Regulations as stated above. Before a decision is made on whether you meet the requirements, you
may respond with new information within thirty (30) days to support that you have at CAD $11,824 to
take to Canada. Please ensure that you include a written explanation supported by verifiable
documents pertaining to the source of your funds as well as its history of accumulation (ie. Bank
passbook, bank statements, etc).
Visa Officer
Economic Immigrant Unit
