proof of fund invested in stock market

[Dilse143]

Hi team,

Amount invested in stock market can consider as available fund.

Regards,

 

[rocky272727]

Hi team,

Amount invested in stock market can consider as available fund.

Regards,

No, No Visa office will accept it as money invested is subject to high market risk,

 

[Dilse143]

Ok thnk you rocky!

 

[jeby]

Dear,
As per the CIC site - http://www.cic.gc.ca/english/immigrate/skilled/funds.asp

"These funds could be in the form of:

cash
securities in bearer form (for example, stocks, bonds, debentures, treasury bills) or
negotiable instruments in bearer form (for example, bankers’ drafts, cheques, travellers’ cheques or money orders)".

If amount in stock market cannot be considered, what does the paragraph above mean:

Jeby

 

[Right]

Jeby,

You are dead right!

Money in stock market could be evaluated by a registered stockbroker on its letterhead with the immediate (forced sale) value indicated.

No matter how volatile the stock market asset is, it is a quasi (near) money instrument anywhere in the world.

Dilse143: Please go-ahead and use your stock as money....am doing same here. That is not to say am degrading others opinion...just to clearify issue

Regards,

 

[jeby]

Thank you Right !! I am also planning to get a letter from my DP. That is what I did during my file updation.

Jeby

 

[rocky272727]

Dear,
As per the CIC site - http://www.cic.gc.ca/english/immigrate/skilled/funds.asp

"These funds could be in the form of:

cash
securities in bearer form (for example, stocks, bonds, debentures, treasury bills) or
negotiable instruments in bearer form (for example, bankers' drafts, cheques, travellers' cheques or money orders)".

If amount in stock market cannot be considered, what does the paragraph above mean:

Jeby

The information which is mentioned on the website is not visa office specific and New Delhi office as per my knowledge will not accept it. I may be wrong here but just a suggestion that do not only keep this as an option. Best of luck

This extract is from the New Delhi Checklist.

SETTLEMENT FUNDS
Refer to the "Proof of Funds" section of our Web site for exact figures and
instructions.
Provide proof of unencumbered and readily transferable funds in a convertible
currency available for settlement in Canada (for you and your family members):
• current bank certification letter; or
• evidence of savings balance; or
• fixed or time deposit statements.

 

[rocky272727]

Hi team,

Amount invested in stock market can consider as available fund.

Regards,

Hi,

Just searched for the information on the internet as I never wanted to give some one wrong information. Please check it out and infer your self.

Source: http://new12canada.blogspot.com/2010/01/settlement-fund-to-carry-with-you-while.html

Dear Sir/Madam,

This is in response to your recent email enquiry to the Immigration Section of the Canadian High Commission in New Delhi.

The amount of funds you need to have in order to settle in Canada depends on the size of your family. The funds must be available to you and transferable to Canada. They must be unencumbered by debts or other obligations.

Number of family members
Funds required
1
$11,086
2
$13,801
3
$16,967
4
$20,599
5
$23,364
6
$26,350
7 or more
$29,337



Acceptable proof of funds are:
-bank accounts in your name or the name of your accompanying spouse/common-law partner;
-cashable investments in your name or the name of your accompanying spouse/common-law partner;
-cashable fixed deposits in your name of the name of your accompanying spouse/common-law partner.

Not acceptable are:
-bank accounts in someone else's name;
-bank accounts which are joint in your name and someone else (other than your accompanying spouse/common-law partner);
-bank accounts in the name of your spouse who is not accompanying you to Canada;
-property valuations;
-vehicle valuations;
-jewellery valuations.

You are not required to carry your funds in cash when you arrive in Canada. You are, however, required to show documentary evidence that you have the funds available (in bank accounts or cashable investments), and that they can be transferred to Canada.

A port of entry officer in Canada may seek to confirm these funds before granting you permanent residence along with your dependants. (was in indirect form in this sentence only).

If you have arranged employment in Canada, you do not have to meet these financial requirements. Arranged employment means that you have an offer of indeterminate employment from an employer in Canada. You must be either currently working in that employment on a work permit in Canada, or have been issued a labour market opinion has must have been provided by the Human Resources and Skills Development Canada (HRSDC). In order to be exempt from the minimum funds requirement, the offer of employment must be genuine, the employment must not part-time or seasonal, the wages offered must be consistent with the prevailing wage rate for the occupation, and the working conditions must meet generally accepted Canadian standards.

 

[Dilse143]

Thank you team ! for the valuable advise.

 

[Right]

rocky272727,
Thanks for this... you can now agree that investment in shares is part of fund unecumbered.

Acceptable proof of funds are:
-cashable investments in your name or the name of your accompanying spouse/common-law partner;

Regards,

 

[rocky272727]

rocky272727,
Thanks for this... you can now agree that investment in shares is part of fund unecumbered.

Regards,

Very Much

 

[jeby]

Dear Rocky,

thank you very much for your helping mentality. As Ringht rightly mentioned, It is un-encumbered. That blog post you have quoted, mentions that, Cashable investment in the name of applicant is an acceptable proof of fund. Please keep in mind that, I am not opposing your view, but trying to get more clarity. (because I have invested an amount in Shares, and would like to show it as PoF. Just selling it immediately is not wise !!).

regards,
Jeby

 

[jckdry]

we are landing on 7 april 2010
I have question on proof of funds
if i carry bank statement from indian bank dated 5 april 2010 of indian rupee equivalent to required 17000 CAD will it work while landing ???
We can transfer the money online as we need and we do not need to carry cash or check, etc
Will we be allowed entry in canada with bank statement and no cash/ check with us ????
What should we answer at the border when they ask how much money r guys taking with u ????
should we say 17000 as we r gonna transfer it online ???

We have family in canada and we r going to stay and they r going to take care of all expenses.
please help if anyone has any idea
thanks

 

[rocky272727]

we are landing on 7 april 2010
I have question on proof of funds
if i carry bank statement from indian bank dated 5 april 2010 of indian rupee equivalent to required 17000 CAD will it work while landing ???
We can transfer the money online as we need and we do not need to carry cash or check, etc
Will we be allowed entry in canada with bank statement and no cash/ check with us ????
What should we answer at the border when they ask how much money r guys taking with u ????
should we say 17000 as we r gonna transfer it online ???

We have family in canada and we r going to stay and they r going to take care of all expenses.
please help if anyone has any idea
thanks

It should not be a problem technically but many members have said that carry international bank statements so let others comments as I also would like to know the answer to your question.

 

[rocky272727]

Dear Rocky,

thank you very much for your helping mentality. As Ringht rightly mentioned, It is un-encumbered. That blog post you have quoted, mentions that, Cashable investment in the name of applicant is an acceptable proof of fund. Please keep in mind that, I am not opposing your view, but trying to get more clarity. (because I have invested an amount in Shares, and would like to show it as PoF. Just selling it immediately is not wise !!).

regards,
Jeby

Not a problem at all. It is always better to get more clarity.