Funds available for Visitor/Tourist Visa

[s2t2]

Hi,
I've been living in Canada for a few years and recently me and my wife got our PR.
I'm applying for my mom to visit us here in Canada (normal tourist visa, not a super visa). My mom and dad live back in Pakistan. My mom depends on my dad financially, and my dad owns a business.
I'll be attaching a sponsor letter from myself in her visa app. She plans to visit for about a month and she will be staying with me when she comes and I'll be taking care of all the expenses for her while she is here.

Filling out the applications, they ask info about the funds available for the trip. I understand that at the minimum they require CAD 1000 per week+flight ticket expenses.
But this is where it gets a little tricky. My mom doesn't really have a bank account on her name. As for my dad, the account which he uses which has funds is his business account, which is a joint account with his business partners.
So I was thinking of getting my dad to write a letter that he takes care of all finances for my mom and attach some bank statements from his business account to show sufficient balance (higher than CAD 1000 per year at least).
But what I'm concerned about is that its a joint business account, so its not just in my dad's name. Would that cause any problems?

Also, I will mention in the sponsor letter that I'll be taking care of my mom's expenses while she is here and attach my Canadian bank account statements, job info and my previous years tax return which lists my annual income as proof of available funds for my mom's trip.

Can anyone assist if this should be sufficient to satisfy the visa officer that my mom will have enough funds for the trip?
My mom also has some real estate under her name, I can give info about that too and its current market value, but I'm not sure if that's necessary since that's not liquid funds.

Thank you!

 

[Jalex23]

So I was thinking of getting my dad to write a letter that he takes care of all finances for my mom and attach some bank statements from his business account to show sufficient balance (higher than CAD 1000 per year at least).
But what I'm concerned about is that its a joint business account, so its not just in my dad's name. Would that cause any problems?

Is the account under his name? Like... a joint account basically says it is not entirely his money... does he has a proof that he can make use of the money on demand?

Also, I will mention in the sponsor letter that I'll be taking care of my mom's expenses while she is here and attach my Canadian bank account statements, job info and my previous years tax return which lists my annual income as proof of available funds for my mom's trip.

This is irrelevant. CIC care about your parents financials, not yours.

Can anyone assist if this should be sufficient to satisfy the visa officer that my mom will have enough funds for the trip?
My mom also has some real estate under her name, I can give info about that too and its current market value, but I'm not sure if that's necessary since that's not liquid funds.

Real estate falls into home country ties, nt under funds AVAILABLE for the trip.
[/quote]

 

[Bryanna]

Hi,

In short: This will not work.

What you have suggested is a complicated (and an incomplete) way of showing finances for your mom. Your dad holds this business account with his business partners. For your dad to provide a Letter of Financial Support, he would have to prove that he can access/use business money for the personal visit of a non-business person.

He would also have to include a letter from each of his business partners that they have no objections to him using the money this way + partnership agreement + business bank statements + business ITRs, etc etc. I would not advise this.


Does your dad have a personal bank account?


Cheers

 

[s2t2]

The bank account is under my dad's and his business partner's name. But like the post below by Bryanna said, even getting a letter from the business partners allowing my dad to use the funds might not work.
He has a personal account where he gets his pension for his government job from which he retired. But it doesn't really have any significant balance in it, since they withdraw it and use it.
Not sure what could work in this case.

Is the account under his name? Like... a joint account basically says it is not entirely his money... does he has a proof that he can make use of the money on demand?

This is irrelevant. CIC care about your parents financials, not yours.

Real estate falls into home country ties, nt under funds AVAILABLE for the trip.

 

[s2t2]

Thanks for your response.
Yes my dad does have a personal account where he gets his pension for his government job from which he retired. But they usually use it for expenses and the account doesn't have any significant balance.
Not sure what would be the right way in this situation, to show the necessary funds.

Hi,

In short: This will not work.

What you have suggested is a complicated (and an incomplete) way of showing finances for your mom. Your dad holds this business account with his business partners. For your dad to provide a Letter of Financial Support, he would have to prove that he can access/use business money for the personal visit of a non-business person.

He would also have to include a letter from each of his business partners that they have no objections to him using the money this way + partnership agreement + business bank statements + business ITRs, etc etc. I would not advise this.


Does your dad have a personal bank account?


Cheers

 

[Jalex23]

The bank account is under my dad's and his business partner's name. But like the post below by Bryanna said, even getting a letter from the business partners allowing my dad to use the funds might not work.
He has a personal account where he gets his pension for his government job from which he retired. But it doesn't really have any significant balance in it, since they withdraw it and use it.
Not sure what could work in this case.

Follow up with Bryanna.

 

[Bryanna]

Yes my dad does have a personal account where he gets his pension for his government job from which he retired.

Does your dad transfer the income he earns from the business to this account? Or another account?

 

[s2t2]

Thanks for the response Bryanna.
To answer your question, no, not really to his own account.
Besides his joint business account, he has a personal account and a joint account with my mom, but they don't have enough consistent balance to satisfy the funds requirements of at least ~4000 CAD (1000 CAD per week of trip).
What could be the right way in this situation to satisfy the funds requirements of the visa.
Thanks!

Does your dad transfer the income he earns from the business to this account? Or another account?

 

[Bryanna]

Hi,

I can suggest some ways out if you can tell:
1. Do your parents have financial investments which are not locked-in? Bank term deposits, for example

2. How does your dad get reimbursed/paid from the business? Does he earn a monthly salary? Or only profits? Or both? Bank transfers or cash? Can your dad submit ITRs?

3. Do your parents have any other sources of income? For example, rental income, agricultural income or dividends from shares


Cheers

 

[Coffee1981]

In the visa officer's mind a rich son in Canada is a huge risky red flag that the person will stay past the date of their authorized stay. I wouldn't be flaunting how much cash you have and how you support your parents in your letter if I was you.

 

[s2t2]

Hi,
Thank you for looking into it.
Following are the answers:

1. Nil
2. yes Bank transfers on completion of projects.
3. yes rentals for residential and commercial properties, on monthly basis.

Thanks!

Hi,

I can suggest some ways out if you can tell:
1. Do your parents have financial investments which are not locked-in? Bank term deposits, for example

2. How does your dad get reimbursed/paid from the business? Does he earn a monthly salary? Or only profits? Or both? Bank transfers or cash? Can your dad submit ITRs?

3. Do your parents have any other sources of income? For example, rental income, agricultural income or dividends from shares


Cheers

 

[s2t2]

Yes, that makes sense. I understand how it could negatively affect the app.

In the visa officer's mind a rich son in Canada is a huge risky red flag that the person will stay past the date of their authorized stay. I wouldn't be flaunting how much cash you have and how you support your parents in your letter if I was you.