Proof of funds ?

[sarimraza]

Dear

Is bank statement along with cash sufficient as proof of funds ?

No one seems to have clear answer, half the people say take cash and Demand Draft, other half say bank statement and cash is fine

How come there is so much confusion on this, seniors please clarify using cic source if possible

Thanks

 

[scylla]

Your question is unclear and impossible to answer. Proof of funds for what? Study permit? Visitor visa? Express Entry application? PR landing for economic class? Parent / grandparent sponsorship? Something else?

Lots of different answers depending on what you're actually asking about.

 

[sarimraza]

Scylla

Im sorry !

I mean the Proof of funds for immigration in the FSW category that we have to show upon our first landing at the airport . . .

Thanks

 

[markarbet]

Bank statement will be enough and good as a proof of funds. As I know this is the best way to show to CIC that you have enough money for your immigration.

 

[sarimraza]

Your question is unclear and impossible to answer. Proof of funds for what? Study permit? Visitor visa? Express Entry application? PR landing for economic class? Parent / grandparent sponsorship? Something else?

Lots of different answers depending on what you're actually asking about.

Dear Scylla, I was referring to proof of funds required at first landing for the FSW program.

The letter I received from cic mentioned " bring supporting documentation with you - current bank statement, updated bank book, securities, negotiable instruments in bearer form etc "

The CIC website on the other hand mentions the following which DOES NOT seem to cover bank statement of native country -- so there seems to be a discrepancy . . .

" These funds could be in the form of:

cash,
documents that show property or capital payable to you (such as stocks, bonds, debentures, treasury bills, etc.), or
documents that guarantee payment of a set amount of money, which are payable to you (such as bankers’ drafts, cheques, travellers’ cheques or money orders). "


So if i need to show them 22 K CAD, can i do 5 K cash and remaining in bank account in my native country pakistan in bank account ?

I have heard in this forum that its best to take all amount as Cash or DD, but since im going for short landing i want to keep money back home for investment purpose, and i dont want to take the money UNLESS I HAVE TO ....

Please clarify

Thanks

 

[lelieuplusfroid]

Dear Scylla, I was referring to proof of funds required at first landing for the FSW program.

The letter I received from cic mentioned " bring supporting documentation with you - current bank statement, updated bank book, securities, negotiable instruments in bearer form etc "

The CIC website on the other hand mentions the following which DOES NOT seem to cover bank statement of native country -- so there seems to be a discrepancy . . .

" These funds could be in the form of:

cash,
documents that show property or capital payable to you (such as stocks, bonds, debentures, treasury bills, etc.), or
documents that guarantee payment of a set amount of money, which are payable to you (such as bankers’ drafts, cheques, travellers’ cheques or money orders). "


So if i need to show them 22 K CAD, can i do 5 K cash and remaining in bank account in my native country pakistan in bank account ?

I have heard in this forum that its best to take all amount as Cash or DD, but since im going for short landing i want to keep money back home for investment purpose, and i dont want to take the money UNLESS I HAVE TO ....

Please clarify

Thanks

I have done enough research on this topic including writing to to SOPA and CBSA. CIC instructions that you copy-pasted is the written documentation that everyone refers to. For 95% of landing cases, they just verbally ask how much money you have.. and if you answer more than what is required for your family, you are through. That's all. It is very rare that they ask you to show currency and bank statement, and checks the date etc.

So you'll be fine if you just retain money in Pakistani bank account and carry CDN 5k in cash. However, if you are having a bad luck and get to meet an unfriendly CBSA officer who's having a terrible day, then maybe they verify your proof of funds and reject Pakistani statements. You will have to escalate the matter to CBSA immigration office in the airport, talk to managers etc. You will still most likely complete landing successfully and become a PR, but with some additional hassles.

In summary, I think it is upto you to risk that rare chance of that happening. Mostly you'll sail through just fine.