Proof of Funds

[chappan]

Dear Forum Members,

Need your expert advice. I apologize in advance if this has been asked before.

I recently got my passport stamped and I am planning to finish my landing formalities in a couple of months. My plan is to visit Canada for 3-4 days, complete the landing formalities and come back to US.

Regarding the PoF, I understand (please correct me if I am wrong) that I don't need to carry the whole required minimum amount with me (which is 17k+ in my case since we are a family of 3). However, I am not sure if I'll be allowed to transfer the money from US account to Canadian bank account later once I moved to Canada permanently. I am also planning to carry Bank Statements, Bank Letter, may be ATM receipt to provide PoF.

The question I have is, let's say I have 15k in my US account now and I present my current Bank Statement with 15k reflecting in it to the officer. However, when I finally decide to move to Canada, the amount increased to 20k (new earnings, etc). Will I be allowed to transfer whole 20k to my Canadian Bank a/c or only 15k which I declared at the time of initial landing?

Second question is, I have some money in my home country's bank account too in the form of Fixed Deposit. Am I allowed to declare that as well? Will I be able to transfer that money to Canada if I declare it upfront? Most of that money was transferred from US to my home country through legitimate earnings and I have proof of that as well.

Thank you in advance!

 

[chappan]

Bump!! Could anyone reply please?

Thanks!

 

[chappan]

Anyone please?

 

[Allegra66]

Dear Forum Members,

Need your expert advice. I apologize in advance if this has been asked before.

I recently got my passport stamped and I am planning to finish my landing formalities in a couple of months. My plan is to visit Canada for 3-4 days, complete the landing formalities and come back to US.

Regarding the PoF, I understand (please correct me if I am wrong) that I don't need to carry the whole required minimum amount with me (which is 17k+ in my case since we are a family of 3). However, I am not sure if I'll be allowed to transfer the money from US account to Canadian bank account later once I moved to Canada permanently. I am also planning to carry Bank Statements, Bank Letter, may be ATM receipt to provide PoF.

The question I have is, let's say I have 15k in my US account now and I present my current Bank Statement with 15k reflecting in it to the officer. However, when I finally decide to move to Canada, the amount increased to 20k (new earnings, etc). Will I be allowed to transfer whole 20k to my Canadian Bank a/c or only 15k which I declared at the time of initial landing?

Second question is, I have some money in my home country's bank account too in the form of Fixed Deposit. Am I allowed to declare that as well? Will I be able to transfer that money to Canada if I declare it upfront? Most of that money was transferred from US to my home country through legitimate earnings and I have proof of that as well.

Thank you in advance!


Hi,
I can only go from my own experience. We landed last month and did not bring the full amount required for two of us. I however, brought my mortgage title deeds as back up but this was not required. The immigration officer just asked how much I had brought with me and I told him and he noted this and did not ask for me to show or count. However, there are some on this thread who have said they do check now and again and depending on the time of day and how many people come in to land on the day. The day we landed, there were about 20 of us (not including families - principal applicants) and even the Immigration Officers said this was the most they had seen but then again, this was in Ottawa so do not know about other areas. I believe they do accept bank statements from certain countries only i.e. western countries. As for ATM, this would not be acceptable as it does not details account name etc. Hope this helps.

 

[chappan]

Dear Allegra66..thank you for your post! I still would like to know if the money I have in my home country's bank account could be brought to Canada if I show it while landing in Canada.

I still didn't get the answer of my first question about what if the amount we show at the time of landing increases after I come back to US (after completing landing formalities) and then move back to Canada after few months forever. Will I still be able to move all my current [increased] balance to Canada?