Proof of Funds

[JoacRy]

Hi not sure if the question has been posed before. Not got an ITA yet but with a score of 466 preparing just in case. It's taken me over a year of working in Canada but I have finally saved enough to put aside $12K which I've put away in a separate account and not touched. I also have an additional $12K in Australian $ saved up. Would it hurt my application if I disclosed this?

My tendency is to disclose too much rather than too little.

 

[StAnger]

Hi not sure if the question has been posed before. Not got an ITA yet but with a score of 466 preparing just in case. It's taken me over a year of working in Canada but I have finally saved enough to put aside $12K which I've put away in a separate account and not touched. I also have an additional $12K in Australian $ saved up. Would it hurt my application if I disclosed this?

My tendency is to disclose too much rather than too little.

Cic is concerned about minimum POF. You have right to selective disclosure as long as their are no loans or debts against you. So you are safe at showing one account which meets minimum pof.

 

[Tocanadawego]

Hi not sure if the question has been posed before. Not got an ITA yet but with a score of 466 preparing just in case. It's taken me over a year of working in Canada but I have finally saved enough to put aside $12K which I've put away in a separate account and not touched. I also have an additional $12K in Australian $ saved up. Would it hurt my application if I disclosed this?

My tendency is to disclose too much rather than too little.

Disclosing both can only help you! Better to have more and prove that you are more than able to support yourself in Canada.

If the currency is your concern, it shouldn't be. Money is money and CIC doesn't care which currency you have, as long as you can convert it to CAD and bring with you.

 

[JoacRy]

Is it ok if the 2 accounts add up to $12K+? In my case high interest savings $11K, regular transactional checking account: $2.5K.

Or does all the money have to be in 1 bank account?

 

[Tocanadawego]

Is it ok if the 2 accounts add up to $12K+? In my case high interest savings $11K, regular transactional checking account: $2.5K.

Or does all the money have to be in 1 bank account?

It does not all have to be in one account. You can have multiple accounts that combined give you the needed amount.