Proof of funds in wife's/Father in law's name

[sami121]

Hello. I read somewhere that its OK to show proof of funds in wife's name. Since my wife is not working, and to open an account back home in Pakistan, one has to show a source of income, she has a joint account with her father, he being the primary account holder. We have term deposits in the bank. My question is, is it OK if we show the proof of funds which are in my father in law/wife's joint account, or would it be wiser for me to have a joint account with her. The problem is, its very difficult for me to get leave right now to go and open an account in Pakistan. She also has some property exclusively in her name, which we have decided to sell off if our application is successful. Will they accept it if we show the property papers instead of the term deposits?

 

[syedrahman1980]

Dear sami121
CIC accept spouse's account statement as proof of fund. In that case joint account of both of you and your wife supposed to be accepted.

However, probably the joint account of your wife & her father will not be acepted by CIC. You should not go woth that.

It would be much better if you had the money in your account, ie, principal applicant's account.


Thanks.

SYED

 

[sami121]

Thanks Syed. Regarding evaluation of property at this stage-I just dont want to sell off our house in order to show bank balance, unless I am very sure that I will get the immigration, although that is what e eventually plan on doing. Since It might take a couple of years for the matter to be finalized, I would like to do that just before landing. Is the value of the property of any consideration, or do I have to show the cash at this point?

 

[syedrahman1980]

Dear sami121
You need not to show any proof of fund unless they ask you to do so. They want it at the final stage, when they accepted your application on principle. No need to sell now.

CIC do not accept property (land/house etc.) as proof of fund. Pls. see the link

http://www.cic.gc.ca/english/immigrate/skilled/funds.asp


It is clearly stated that Funds could be in the form of:

* cash
* securities in bearer form (for example, stocks, bonds, debentures, treasury bills) or
* negotiable instruments in bearer form (for example, bankers' drafts, cheques, travellers' cheques or money orders).


May I know your application status & your Job title/NOC code ?


Best of luck.


SYED

 

[BobbyB]

Dear sami121
You need not to show any proof of fund unless they ask you to do so. They want it at the final stage, when they accepted your application on principle. No need to sell now.

CIC do not accept property (land/house etc.) as proof of fund.
Depends on the country you are applying from. London accepts both Land and House.
So, to be sure, download your country specific guidelines and read thoroughly!!


Pls. see the link

http://www.cic.gc.ca/english/immigrate/skilled/funds.asp

This link just gives a General Information as to the amount required for families (per no.of persons).


It is clearly stated that Funds could be in the form of:

* cash
* securities in bearer form (for example, stocks, bonds, debentures, treasury bills) or
* negotiable instruments in bearer form (for example, bankers' drafts, cheques, travellers' cheques or money orders).


May I know your application status & your Job title/NOC code ?


Best of luck.


SYED

 

[meena]

Rahman,

I am adding on your reply.

Even I am showing Funds including teh value of my Car, Land, Jewellery, Cash, FDs, Policies.

I have it on teh site that it should be in the form of:
* cash
* securities in bearer form (for example, stocks, bonds, debentures, treasury bills) or
* negotiable instruments in bearer form (for example, bankers' drafts, cheques, travellers' cheques or money orders).

But one of my friend have applied from US and he told me that it could be anything of yours which can be converted into Cash when required.

Plz guide if this is correct.

 

[syedrahman1980]

Meena
Your friend is partially right. CIC guides what can be cashed immediately. You we should follow it, unless we may have unnecessary delay in processing our application. And You can not guarantee that you can cash immediately if you have any land or any other property. That why these are not acceptable to CIC as proof of fund.


Thanks.


SYED

 

[meena]

So it means I cannot show Land as Proof of Fund.................

 

[ja77]

So it means I cannot show Land as Proof of Fund.................

i'm afraid you can't . only CHC london accepts house and land as proof of funds.

 

[BobbyB]

So it means I cannot show Land as Proof of Fund.................

i'm afraid you can't . only CHC london accepts house and land as proof of funds.

Correct. Read your Visa Office specific requirements.

 

[syedrahman1980]

Meena

U got the answer ?


SYED