Proof of Funds (Express Entry)

[kryt0n]

do we need to include credit card statements?? what if there is outstanding bills?

You are supposed to and they, I believe, are deducted from your funds.

 

[tahminaml]

You are supposed to and they, I believe, are deducted from your funds.

can i just submit the letter from the bank stating that i dont have anythng due with them...or statements should also be given?

 

[kryt0n]

can i just submit the letter from the bank stating that i dont have anythng due with them...or statements should also be given?

If you bank writes a letter saying you have 0 balance then yes, submit it

 

[tahminaml]

If you bank writes a letter saying you have 0 balance then yes, submit it

Thanks

 

[kryt0n]

I do have enough funds in my bank account. But do I need to carry all the declared funds (in ITA) to Canada (in Cash etc.) and show it as proof to the officer at the time landing? Or Is it OK to just carry $1000 to $2000 in cash and show the account statements as proof that I have enough.

My aim is to first get one Canadian account (which may take few days or weeks after landing) and then I want to transfer all the money from my home country's account to Canadian bank account. I did read that there are multiple ways to bring upto $10k (in form of cash, bonds etc.) but I don't want to go into all that right now. Please guide me.

No,take enough cash to get you going for a week or so and take a recent bank statement showing funds.

 

[triwife]

hi! we are a family of 3 and require to have cad18, 825 as POF. we do have the sufficient amount to cover the required POF however, these amount will be a pooled funds from 2 USD savings account, 1 AED savings account and 1 PHP account. does POF amount have to be in 1 account or is it ok to request for separate bank statements for these accounts instead?

TIA

 

[kryt0n]

hi! we are a family of 3 and require to have cad18, 825 as POF. we do have the sufficient amount to cover the required POF however, these amount will be a pooled funds from 2 USD savings account, 1 AED savings account and 1 PHP account. does POF amount have to be in 1 account or is it ok to request for separate bank statements for these accounts instead?

TIA

You can have them in different accounts

 

[Boviesam]

$12,000 is for one person

Number of
Family Members Funds Required
(in Canadian dollars)
1 $11,931
2 $14,853
3 $18,260
4 $22,170
5 $25,145
6 $28,359
7 or more $31,574




Hello can the proof of fund be under my husband name if am the primary applicant???

You do not have to show that you have these funds if:

you have a valid offer of arranged employment in Canada AND
you are currently working or authorized to work in Canada.

I don't know why my lawyer filed $13000 CAD in the funds' section of my EE profile when I am currently working and authorised to work in Canada (PGWP expiring July 2017).
Does that mean I am supposed to show this much funds in my bank account after deducting my credit card bills?
I guess that's why my profile is showing that I meet both FSW and CEC criteria because I satisfy the funds' requirement.

 

[amala1611]

Hi All,

I have 19,000 CAD (9.5L INR approx) in FD . I'm paying INR 38,000 EMI (includes personal loan and educational loan) every month. Do I need to enclose all the loans I have in the outstanding debts to CIC? How do they calculate assets and liabilities? Are they both equal in my case? Pls help.

 

[amitkadia]

Hi, Can I borrow funds from my father? I do not have that kind of money and I don't want to take a loan or something else?

My dad is ready to transfer the funds 80% in Foxed Deposits and 20% in bank balance.

I hope this should not be a problem..

Please help me.

 

[kryt0n]

Hi, Can I borrow funds from my father? I do not have that kind of money and I don't want to take a loan or something else?

My dad is ready to transfer the funds 80% in Foxed Deposits and 20% in bank balance.

I hope this should not be a problem..

Please help me.

"Purpose

To confirm whether the applicant meets the low-income cut-off (LICO), assessed by the amount of money they hold compared to the number of people in their family

Document requirements

The applicant should provide an official letter(s) from one or more financial institutions that lists all current bank and investment accounts as well as outstanding debts, such as credit card debts and loans.
o The letter(s) must be printed on the letterhead of the financial institution and must include the applicant’s name, the contact information of the financial institution (address, telephone number and email address), the account numbers, the date each account was opened and the current balance of each account as well as the average balance for the past six months.
Other documents may also be requested, as necessary.
Individuals who must submit this documentation

The principal applicant"

"You cannot borrow this money from another person. You must be able to use this money to pay the costs of living for your family (even if they are not coming with you).

You will need to show proof that you have enough money when you apply to immigrate."

 

[Lifehack]

Hi

If you can show the money was gifted to you,then it might work.

Regards
Lifehack

Hi, Can I borrow funds from my father? I do not have that kind of money and I don't want to take a loan or something else?

My dad is ready to transfer the funds 80% in Foxed Deposits and 20% in bank balance.

I hope this should not be a problem..

Please help me.

 

[kryt0n]

Hi

If you can show the money was gifted to you,then it might work.

Regards
Lifehack

Let us not encourage misrepresentation. If they do not have the funds to immigrate how will they afford a rental deposit or food when they land? That's the purpose of these funds.

 

[Lifehack]

Sorry I thought the money will be given to the person.My bad

Let us not encourage misrepresentation. If they do not have the funds to immigrate how will they afford a rental deposit or food when they land? That's the purpose of these funds.

 

[Boviesam]

I don't know why my lawyer filed $13000 CAD in the funds' section of my EE profile when I am currently working and authorised to work in Canada (PGWP expiring July 2017).
Does that mean I am supposed to show this much funds in my bank account after deducting my credit card bills?
I guess that's why my profile is showing that I meet both FSW and CEC criteria because I satisfy the funds' requirement.

Can anybody please advise on this?