Proof of Fund - Mortgages???

[sun_shine]

Hi guys,

Just want to confirm this, I have the following accounts with two CANADIAN banks:

Bank A:
cash & investment 20k

Bank B:
cash 5k
mortgage -100k (on a house in Canada)

For providing proof of fund, do I need to provide statement of BOTH banks?? or could statement from bank A be sufficient?? Also, if I provide statement from both banks, would CIC think my available settlement fund is 20+5-100 = under zero??? please clarify!! thanks!!!

 

[cyronn]

Hi guys,

Just want to confirm this, I have the following accounts with two CANADIAN banks:

Bank A:
cash & investment 20k

Bank B:
cash 5k
mortgage -100k (on a house in Canada)

For providing proof of fund, do I need to provide statement of BOTH banks?? or could statement from bank A be sufficient?? Also, if I provide statement from both banks, would CIC think my available settlement fund is 20+5-100 = under zero??? please clarify!! thanks!!!

All CIC needs is proof that you have enough funds to support yourself for the initial months in Canada. Your mortgage is irrelevant to them. If your Proof of Funds is not over 20K then your Bank A details is enough.