Also, please let me know about the settlement funds. How much it should be.? When it is required..?
Help and suggestions required.
- Thread starter ajithaoommen
- Start date
http://www.cic.gc.ca/english/immigrate/skilled/funds.asp please check other sections on this website to learn more about the process basics
Thanks a lot for the valuable link. One of my final query.. this settlement fund can be taken as a personal loan from spouse and deposited in our joint account..?
Do they question the large deposit in our joint bank account .?
Once u get time please share ur views
if you mean your spouse can take a loan to cover the funds then no.
if you mean your spouse has the money and will deposit it and that's what you mean by loan then it's fine. just keep a copy of the transfer info
I meant to say that, I am the primary applicant and my husband can take a personal loan and transfer to my account for the settlement funds. But we both will b jointly filing this PR application. If not possible how they will come to know we have taken a personal loan.
Is that we need to borrow money from someone who is not in the application.?
you're not ALLOWED to borrow money to cover your fund. Don't think about doing anything thinking "how would they know"
We do not have our own funds this much. This situation how it can be done. Even we cannot borrow from our blood relations.?
I am sorry but you are NOT supposed to borrow and show it as POF. It's just not the way it works. If you do something of that sort, the CIC will definitely figure it out and worst case, you will be banned for 5 years. Please adhere to the rules and regulations. One red flag and the process snails down for everyone in the queue. Good luck.We do not have our own funds this much. This situation how it can be done. Even we cannot borrow from our blood relations.?
That means from financial institution also not possible...
If someone gifting us also not..?
Thanks for your response.
If someone gifting us also not..?
Thanks for your response.
And one more concern. If we get a job offer. Will that add 50 points to our CRS.?
This job offer needs any specific requirements. Please help
This job offer needs any specific requirements. Please help
well if you do borrow the money and pay it back and get your ppr. you'll be landing with barely any cash. how would you expect to survive there? You might not find high paying work for a while and will have to stick to survival jobs. People have mentioned the cic proof of funds is barely enough to survive after they land.
This is for your own good as much as a cic requirement.
Yes gifts are OK.
Search for 'gift deed' in this forum for more details.
And by the way, you will need enough cash (atleast the POF amount) to survive in the initial few months. Getting job in Canada as a new immigrant is not so easy.
Yes job offer with LMIA (Google LMIA for more details) will give 50 points.
But it is extremely hard to get a job from outside Canada. I would say chances are zero unless you possess an extremely rare skillset (like cryogenic rocket scientist
)