Good day guys,
Please I need clarification on these proof of funds issues.
I have a plot of land purchased some years ago as an investment so it will appreciate better in value, rather than to keep in a bank account or stocks. I intend to sell it and put the money in my savings account to fund my possible immigration to Canada. Other funds in my accounts do not add up to the required POF level.
Now, if I am able to sell the land ONLY AFTER I receive an ITA through the EE pool or less than 6 months before I submit my application, it will mean the required POF level will not be in the account for up to 6 months prior AND there will be a case of bulk fund paid into the account. My questions are:
(1) What is the implication if the minimum balance in the account is not up to the required level after submitting your EE profile?
(2) What is the implication if the minimum balance in the account is not up to the required level throughout the 6 months period before you submit your PR application?
(3) What can I do after ITA is received to address the situation?
Thanks in advance!
Please I need clarification on these proof of funds issues.
I have a plot of land purchased some years ago as an investment so it will appreciate better in value, rather than to keep in a bank account or stocks. I intend to sell it and put the money in my savings account to fund my possible immigration to Canada. Other funds in my accounts do not add up to the required POF level.
Now, if I am able to sell the land ONLY AFTER I receive an ITA through the EE pool or less than 6 months before I submit my application, it will mean the required POF level will not be in the account for up to 6 months prior AND there will be a case of bulk fund paid into the account. My questions are:
(1) What is the implication if the minimum balance in the account is not up to the required level after submitting your EE profile?
(2) What is the implication if the minimum balance in the account is not up to the required level throughout the 6 months period before you submit your PR application?
(3) What can I do after ITA is received to address the situation?
Thanks in advance!