NOVA SCOTIA Provincial Nominee Program January 2015

[Luder]

Ya I am also shocked ..me too dont have any savings account for me only FD ....Oh my God..is this creates problem?? ??? ??? ???

Folks,

I showed POF thru savings account. But few months before sending updated POF to NSNP I had a strong feeling to change the funds in my savings account to fixed deposits to earn some extra interests. But while researching if it is a wise step, I couldn't find one single advise like keeping in FD is acceptable or wise. All I found was it was a debated topic!! So than taking chances to earn some extra measly interests and lose the provincial nomination I left it as such and gave them savings account statements.

Actually FDs has a maturity period. Strictly speaking they are not readily cashable. Both CIC and NSNP want us to show unencumbered cash. Who would want to leave the interest amount on the bank's table the FD earned or pay penalty if you have to encash the amount before FD's maturity to migrate to Canada as you showed it as POF to NSNP!?

And why would NSNP nominate us knowing we have contracts with the our banks to lock our funds up to certain months or years while by definition they want us to pull the funds even today if PR and conducive conditions are provided by them to move to Canada!?

People don't get me wrong., I have no idea if FD is acceptable or not. I am only sharing my knowledge and opinion. My opinion is savings account is surely acceptable as I got nomination showing one!

Better wait for experts' opinions on this matter.

All the best

Luder

 

[traveler982]

Folks,

I showed POF thru savings account. But few months before sending updated POF to NSNP I had a strong feeling to change the funds in my savings account to fixed deposits to earn some extra interests. But while researching if it is a wise step, I couldn't find one single advise like keeping in FD is acceptable or wise. All I found was it was a debated topic!! So than taking chances to earn some extra measly interests and lose the provincial nomination I left it as such and gave them savings account statements.

Actually FDs has a maturity period. Strictly speaking they are not readily cashable. Both CIC and NSNP want us to show unencumbered cash. Who would want to leave the interest amount on the bank's table the FD earned or pay penalty if you have to encash the amount before FD's maturity to migrate to Canada as you showed it as POF to NSNP!?

And why would NSNP nominate us knowing we have contracts with the our banks to lock our funds up to certain months or years while by definition they want us to pull the funds even today if PR and conducive conditions are provided by them to move to Canada!?

People don't get me wrong., I have no idea if FD is acceptable or not. I am only sharing my knowledge and opinion. My opinion is savings account is surely acceptable as I got nomination showing one!

Better wait for experts' opinions on this matter.

All the best

Luder

My account is "term deposit". That means that I have some interest, but I can manage my money any time I want.

Should I change them in some other account, or this would be fine?

 

[vensak]

I will attend online webinar for Nova Scotia today. Let me see if i can bring some news for you.

 

[archies]

I will attend online webinar for Nova Scotia today. Let me see if i can bring some news for you.

how n where to register for webnair ?

 

[vensak]

how n where to register for webnair ?

That online webinar is already today. The only catch is that it will be in French,
Here is the link. Not sure if you can still sign in
http://www.international.gc.ca/canada-europa/france/visas/horaire_single-en.asp?sd=10_19_2016-5_00_pm

 

[munjal]

That online webinar is already today. The only catch is that it will be in French,
Here is the link. Not sure if you can still sign in
http://www.international.gc.ca/canada-europa/france/visas/horaire_single-en.asp?sd=10_19_2016-5_00_pm

La réunion n'a pas encore commencé. Vous pourrez y accéder dès que l'hôte sera arrivé. Merci de patienter.

This webinar seems to be intended for people of Franch-Europe.

 

[vensak]

It will start today at 5pm CET time (Paris, Bruxells, Berlin, Amsterdam time).

 

[vensak]

This webinar seems to be intended for people of Franch-Europe.

French speaker yes, but opened to anybody who can join online. On the other sessions I have seen people from North Africa and even Asia or America. Then again it is only information session. But then again sometimes they do announce important changes.

 

[Luder]

My account is "term deposit". That means that I have some interest, but I can manage my money any time I want.

Should I change them in some other account, or this would be fine?

Well., I am not sure if term deposit is okay or not. The word term deposit is mostly used in US and the equivalent in UK or India is Fixed deposit (FD) or a Bond. You said you can manage your money anytime. Which of course should include withdrawing your funds anytime without having to lose interest earned or paying any large early closure fees before maturity or both. Call your bank and ask what if you decide to close your term deposit contract and withdraw all the funds tomorrow and you will be surprised to know their terms and conditions!! Banks always say it is our money we can withdraw anytime be it savings account, bond account or whatever. But having money under a contract with a bank is not unencumbered.

Buddy, it's better to hear from someone who used FD and got nominated. In the mean time please gather information from various sources. But here's what you can do if you want to be sure.,

Earlier I had trouble getting an experience letter as required by NSNP so I emailed them asking about it in detail. They replied clearly what can be done if employers deny detailed letters. So I encourage you to do the same. Simply email them asking whether or not POF can be in term deposits.

They take a bit longer to reply., say 5 days up to 2 weeks sometimes but by doing so you have a proof to show if they say yes to inquiry email and later reject POF and so on. And they may also tell you how to show a term deposit as POF.

All the best

Luder

 

[adhvaryuhardik]

Dear Experts,

I had put 2 FD in favour of my name & my wife name. i want to know that FD is valid POF for NSNP & CIC or not ?

As my FD are online FD & i can easily close or premature the FD when require.

As latest conversation going on that NSNP rejected application for FD POF shown.

Kindly help me with that to arrange alternative if FD dont work.

 

[traveler982]

Well., I am not sure if term deposit is okay or not. The word term deposit is mostly used in US and the equivalent in UK or India is Fixed deposit (FD) or a Bond. You said you can manage your money anytime. Which of course should include withdrawing your funds anytime without having to lose interest earned or paying any large early closure fees before maturity or both. Call your bank and ask what if you decide to close your term deposit contract and withdraw all the funds tomorrow and you will be surprised to know their terms and conditions!! Banks always say it is our money we can withdraw anytime be it savings account, bond account or whatever. But having money under a contract with a bank is not unencumbered.

Buddy, it's better to hear from someone who used FD and got nominated. In the mean time please gather information from various sources. But here's what you can do if you want to be sure.,

Earlier I had trouble getting an experience letter as required by NSNP so I emailed them asking about it in detail. They replied clearly what can be done if employers deny detailed letters. So I encourage you to do the same. Simply email them asking whether or not POF can be in term deposits.

They take a bit longer to reply., say 5 days up to 2 weeks sometimes but by doing so you have a proof to show if they say yes to inquiry email and later reject POF and so on. And they may also tell you how to show a term deposit as POF.

All the best

Luder

I know that it`s easy to close my account and to withdraw the money, because half of the money were on my wife`s account, and couple of moths ago she transferred the money to my account and closed hers with out any trouble.

I could easily transfer the money to "saving" account, but since I am 20 November applicant, they would be on my "saving" account for approximately month or two (with this AOR pace)

Would that be enough time for POF?

 

[Rob2K]

But expiry only applies for people still living in the country. As long as your passport shows that you've left the country BEFORE the issuance of the certificate and it doesn't show any new entry, there's no reason to apply for a new one. Unless, of course, you know someone who had an issue of that kind...

Hi,

Does that mean the certificate issued during say 2015 Jan/2012 Sep/ still make valid ? I guess the certificate should be no more than 1 year old. Because I lived in Australia till 2007 end, and I had applied for PCC during 2012, the application form for applying PCC clearly states that it is valid for 1 year only from date of issue, thats the reason I again applied for the Aussie PCC 3 weeks ago.

 

[vensak]

I have just finished Webinar session with Nova Scotia.

They were putting more importance on business immigration.
They also have NS experience (for those who already worked there)
Explorartory visit is must for business immigration but not for standard EE skilled workers.

In total nothing new on the session. I have asked when will they reopen their EE program for professions in demand but the question was not chosen and asked for some reason.
They also did not state anything about their yearly PNP quota or their current status with quotas or applications. In general rather dull and useless session.

 

[ritawallu]

Hi guys,

My sis is also NSNP applicant and she was asked to send additional docs. One of the documents was to show the funds. She has required funds as FD. She has sent letter from bank showing the proof of funds. She was again asked to show her saving account's past 3 months history, she did send but there was no required funds in saving accounts as the amount was saved in the form of FD. She was rejected on the grounds of insufficient funds in her account and was informed that her file has been closed. Friends please advise what can be done or what could have went wrong? can we do anything about it??

What I can see from this quote is that there might be some other reason for the rejection. As we know, previously the proof of funds required last year were $11,824 and then later on in the mid of the year there was a change, where everyone received a notification of upgraded proof of funds requirement as per CIC i.e. $12164. If your sis has showed the proof of funds according to the previous record of $11,824 and further she did'nt had any sufficient balance in her saving bank account, as Nova Scotia demanded, that could be the reason of rejection. As according to the current data the POF has to be $12,164.

Further, FD can be shown as proof of funds and there is no reason to give a rejection for maintaining an FD, which again we all know is encashable as and when required. The only FDR'S which are not encashable are "TAX SAVER" FD's. These are the FD's which are fixed for complete 5 years and hence, cannot be encashed before time. Otherwise, all other FD's can be encashed at any time. So, I don't think, it is a case of worry if anybody is having the funds in the form of Fixed Deposits.

Regards,
Ritz.

 

[Surbhigurpreet]

Friends got ITA... thank you for your help and support.

One quick question from D, Skywalker and Ritz.

I want to review my application once again to be double sure and then accept the invitation. If i find anything wrong or not appropriate should i reject it and make the changes to have a full proof application.

Obviously i am not making major changes. But a quick revision for small and careless mistakes.

Thanks and regards.