Hi All,
I would be doing soft landing in Toronto in few days. I want to know what do I need to show as proof of funds if I am being asked to? Will bank statement from Indian bank would suffice along with balance details on bank letterhead? Or is there any requirement to show the balance in CAD? I am aware of Scotiabank wherein we can open the account while being in India before moving there, but a little hesitant to transfer 14k CAD at one go. Will it be ok if I carry some cash in CAD and forex card along with latest bank statement in INR? Will the amount in cash and forex card have to be at least 13.5 K CAD which they mentioned as the minimum amount for single applicant to settle in Canada? I believe there is also a condition that if we carry cash above 10K CAD we have to declare that? Will the amount in Indian bank also count towards that or is it applicable to just cash/cheques/etc.?
Please assist.
Thanks
I would be doing soft landing in Toronto in few days. I want to know what do I need to show as proof of funds if I am being asked to? Will bank statement from Indian bank would suffice along with balance details on bank letterhead? Or is there any requirement to show the balance in CAD? I am aware of Scotiabank wherein we can open the account while being in India before moving there, but a little hesitant to transfer 14k CAD at one go. Will it be ok if I carry some cash in CAD and forex card along with latest bank statement in INR? Will the amount in cash and forex card have to be at least 13.5 K CAD which they mentioned as the minimum amount for single applicant to settle in Canada? I believe there is also a condition that if we carry cash above 10K CAD we have to declare that? Will the amount in Indian bank also count towards that or is it applicable to just cash/cheques/etc.?
Please assist.
Thanks