Proof of funds - less than required - not eligible?

[asdfg942]

Hi..I have funds of about 15K CAD for two persons (myself & my wife). The required amount for two persons is CAD$14,853.

My CRS score is 441 and I have met the criteria for FSW. As we expect the scores to drop in the next two draws, the chances that I get ITA seems good.

If I reduce the funds availability lesser than the required amount (say about CAD 10k), will I become ineligible for ITA?

 

[Pippin]

In order to qualify for the FSW you must have the required POF.

 

[sidchowdray]

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

 

[Pippin]

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

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

 

[april2014_AINP]

Yes anything below the required funds will make you ineligible. Also, once you get an ITA you have to upload proof that you actually have this amount.

 

[gc_007]

If I qualify for both CEC and FSW, and declare funds lower than required then will I be automatically be picked up for CEC d not FSW since minimum funfd not required for CEC?

 

[gujar]

If I qualify for both CEC and FSW, and declare funds lower than required then will I be automatically be picked up for CEC d not FSW since minimum funfd not required for CEC?

I have ITA in cec . I mention 12000 in POF . I have valid work permit with lmo . Do i need to show that ?? What i will upload in POF . I dont have that money to show .

 

[april2014_AINP]

I have ITA in cec . I mention 12000 in POF . I have valid work permit with lmo . Do i need to show that ?? What i will upload in POF . I dont have that money to show .

Yes, that's right. I had initially shown around 15000 (for single) and qualifies for both FSW and CEC. I didn't want to go through FSW, and reduced it to 2000. After that I became ineligible for FSW. I finally got my ITA under CEC.

 

[gujar]

Yes, that's right. I had initially shown around 15000 (for single) and qualifies for both FSW and CEC. I didn't want to go through FSW, and reduced it to 2000. After that I became ineligible for FSW. I finally got my ITA under CEC.

Now what document you will upload in POF window

 

[april2014_AINP]

Now what document you will upload in POF window

A financial letter from the bank stating all my account details (name, date account was opened, good standing or not; this document is easily made by any Canadian Bank, if you ask them for a financial details letter for PR application) and last 6 months bank statements stamped by bank. I am also showing my last 6 months credit card history (although, it's not linked to my bank, and technically I need not even show it).

 

[MedZed]

A financial letter from the bank stating all my account details (name, date account was opened, good standing or not; this document is easily made by any Canadian Bank, if you ask them for a financial details letter for PR application) and last 6 months bank statements stamped by bank. I am also showing my last 6 months credit card history (although, it's not linked to my bank, and technically I need not even show it).

Does it include 6 months transactions?

 

[april2014_AINP]

Does it include 6 months transactions?

That's what I got. But you can also request the bank to draft another statement history letter where they will mention the opening and closing balances of all your accounts as well as any major transaction (> 2000CAD) for the past 6 months. One of my friends did this, and he didn't have to provide anything else.

 

[MedZed]

That's what I got. But you can also request the bank to draft another statement history letter where they will mention the opening and closing balances of all your accounts as well as any major transaction (> 2000CAD) for the past 6 months. One of my friends did this, and he didn't have to provide anything else.

Did they accept?

 

[april2014_AINP]

Did they accept?

Yes. But, this was for CEC. They don't scrutinize very hard for CEC, if you have a job.

 

[nick.rwth]

A financial letter from the bank stating all my account details (name, date account was opened, good standing or not; this document is easily made by any Canadian Bank, if you ask them for a financial details letter for PR application) and last 6 months bank statements stamped by bank. I am also showing my last 6 months credit card history (although, it's not linked to my bank, and technically I need not even show it).

If you in Canada I would avoid sharing personal information like 6 month bank statements.
Only current account balance print out and letter of explanation.
If CIC need they will verify that information via bank.

Again rules not separate those who is Canada and those who is not.
2 of 4 my banks even don't have real bank facility to meet people.
PC and Tangerine.