Urgent Help Please!
Date of received: Oct 20, 2018
Category: FSW Inland
QUESTION: based on below notification letter received on Sept 10, 2019, Am I good to submit updated account statements? If I provide an updated account information do they need bank statement stating required balance of $12,475 CAD at the time of file submission (Oct 20, 2018) or office will consider an updated account statement which will read Set 11, 2019 (intending to obtain account statement) as a statement date? Please advise as it has been almost 11 month and I am very close to get the PR.
If I attach updated account statements (includes Chequing and Credit) I just need to upload the Account Summary page along with past six (6) month statements or I need to draft a letter with statements? Please advise
On 2018/10/20, based on the information you provided in your Express Entry profile, you were invited to apply for permanent residence in the Federal Skilled Worker Program. According to subsection R76(1)(b) of the Immigration Refugee Protection Regulations, you must show that you have enough money to settle in Canada to meet the minimum requirements of the FSW Program. Upon review of information you submitted as proof of funds, I have determined that you have not provided sufficient evidence that you have enough funds to meet the requirement for this program, as per R76(1)(b).
For a family of 1, an applicant must show that he/she has in liquid funds at least $12,475 CAD. Funds must be readily available to you, and must be available both when you apply and when (if) we issue you a permanent resident visa. For proof, you must submit official letters from any banks or financial institutions where you are keeping money.
Letter(s) must:
be printed on the financial institution’s letterhead
include their contact information (address, telephone number and email address)
include your name
list outstanding debts such as credit card debts and loans
include, for each current bank and investment account:
account numbers
the date each account was opened
the current balance of each account
the average balance for the past six months
I have reviewed the bank statements and other documents you submitted for the following accounts:
- CAD $11002 as per CIBC statement at 2018-10-16;
- ICICI Bank information is date 2016-10-07 - require current information
After reviewing the above statements and documents I have determined that you do not appear to meet the minimum requirements of the Federal Skilled Worker Program, specifically the requirement for available funds according to R76(1)(b). I am not satisfied that you have at your disposal, with sufficient liquidity, and with the ability to transfer those assets, the necessary threshold of funds to support your establishment in Canada on arrival.
Before I make a final decision, you may submit additional information relating to this issue. You have 30 days from the date of this letter to submit additional information to me via your MyCIC account.
You are responsible for any fees charged by your financial institution or other professionals you consult as a result of this opportunity to submit new information.
As stated above, you must provide any additional information within 30 days from the date of this letter. If you choose not to respond with additional information I will make my decision based on the information before me, which may result in the refusal of your application.
I look forward to receiving your additional information.