Proof of Finances

[NiekyE]

Hi everyone. For proof of finances. Can we use a motor vehicle as assets?

 

[angelistamaria]

Hi everyone. For proof of finances. Can we use a motor vehicle as assets?

I think funds have to be liquid.

From: http://www.cic.gc.ca/english/immigrate/skilled/funds.asp
What we accept as proof
Funds must be readily available to you. For example, you can't use equity on real property as proof of settlement funds.

The funds must be available both when you apply and when (if) we issue you a permanent resident visa. You must prove to an immigration officer that you can legally access them to use to settle here when you arrive.

For proof, you must get 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

 

[NiekyE]

OK. Thank you!

 

[mapleleaf987]

Hi everyone. For proof of finances. Can we use a motor vehicle as assets?

Only if you sell it and deposit the money in the bank