I will be landing in Canada in April. I am confused about the proof of funds. I have relatives who are canadian citizens. Can they present a bank draft in my name at the airport when I land in Canada. OR How if they make a bank draft in my name and mail it to me to my home country and I bring that Bank Draft to canada as proof of funds.OR Is it mandatory that this Draft must be issued in my home country? Please help.
Proof of Funds at the time of Landing in Canada
- Thread starter gufy
- Start date
You need to have the funds available upon entry to Canada. If someone will lend the funds to you, it has to be done prior to landing to Canada. CIC does not want immigrants to start with loans. Or to put it nicer, they expect immigrants to be able to support themselves in the first few months of their arrival. Of course, we may have relatives who will help us but CIC wants assurance that they granted PR to qualified & independent immigrants.
Whilst you are still undergoing immigration formalities at the port of landing, it is physically not possible for an outsider to reach you and hand over the draft to you. So this option is not feasible. The next best option is for this member to mail you the draft in advance, so that you can show it at the port of your landing. I think there should be no problem if the draft is made in Canada as long as the draft is in your name.
OK, so I haven't done this myself yet, but I have read other posts on another forum (I'm new here)
basically, you MUST expect the CBSA to ask for proof of funds when you land
the format is not prescribed, but the funds must be clearly yours and be unencumbered
the best format is a bank statement (best to have several months showing the funds in your account), if you're going to Canada and have not yet opened a bank account in advance, the funds could still be in your former country's bank account and need not be in CAD, just so long as there's no dispute over the amount on the day given that forex rates fluctuate so much these days
personally I don't like the idea of this bank draft if it does not prove the source of the funds was yours (i.e. could be interpreted as underhand)
some people have got away with property valuations (plus any mortgage statement) showing a positive equity, hahaha some people are negative these days
hope that helps
basically, you MUST expect the CBSA to ask for proof of funds when you land
the format is not prescribed, but the funds must be clearly yours and be unencumbered
the best format is a bank statement (best to have several months showing the funds in your account), if you're going to Canada and have not yet opened a bank account in advance, the funds could still be in your former country's bank account and need not be in CAD, just so long as there's no dispute over the amount on the day given that forex rates fluctuate so much these days
personally I don't like the idea of this bank draft if it does not prove the source of the funds was yours (i.e. could be interpreted as underhand)
some people have got away with property valuations (plus any mortgage statement) showing a positive equity, hahaha some people are negative these days
hope that helps
please read this thread
http://www.canadavisa.com/canada-immigration-discussion-board/my-landing-experience-t13869.0.html
I have never heard of anyone NOT being asked for this, how can anyone possibly think of avoiding such a basic requirement when arriving in Canada when it is clearly explained what is required???
http://www.canadavisa.com/canada-immigration-discussion-board/my-landing-experience-t13869.0.html
I have never heard of anyone NOT being asked for this, how can anyone possibly think of avoiding such a basic requirement when arriving in Canada when it is clearly explained what is required???
