Proof Of Funds!!!

[arcticmaple]

Dear friends,
Can any one give me some kind of information regarding proof of funds for a family of 3. My consultant in india told me that i can show my property valuation report and half liquid cash either in the form of fixed deposits, etc... can anybody confirm on this. Its very urgent. otherwise i need to show around 16,800 canadian dollors as liquid cash in my account which is difficult at this point of time as time is running short.
Waiting eagerly for reply!!!
Thanks in advance.

 

[mapplelover]

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

 

[arcticmaple]

My Question is whether property valuation report can be shown in the initial stage of application along with some liquid cash. ie., half liquid cash and half proof of funds from property valuation report. My consultant told me that according to new rules which came affect during the month of september 2010, we can show half proof of funds from property and half as liquid cash.
Seniors pls help..

 

[indira_prab]

Dear friends,
Can any one give me some kind of information regarding proof of funds for a family of 3. My consultant in india told me that i can show my property valuation report and half liquid cash either in the form of fixed deposits, etc... can anybody confirm on this. Its very urgent. otherwise i need to show around 16,800 canadian dollors as liquid cash in my account which is difficult at this point of time as time is running short.
Waiting eagerly for reply!!!
Thanks in advance.

Hello articmaple,

Please find the reply from ND visa office sometime back on the proof of funds query.

First New Delhi VO specific info ;D 8) 8)

Few days ago,I received following reply from CHC,ND regarding POF...Hope post-26 June applicants will find it useful to clear their doubts about POF...

Cheers ND VO Guys
==================================


Here u go

Dear Sir/Madam,
This is in response to your recent email enquiry to the Immigration Section of the Canadian High Commission in New Delhi.
The amount of funds you need to have in order to settle in Canada depends on the size of your family. The funds must be available to you and transferable to Canada. They must be unencumbered by debts or other obligations.
Number of family membersFunds required
1---$11,086
2---$13,801
3---$16,967
4---$20,599
5---$23,364
6---$26,350
7 or more---$29,337

Acceptable proof of funds are:
-bank accounts in your name or the name of your accompanying spouse/common-law partner;
-cashable investments in your name or the name of your accompanying spouse/common-law partner;
-cashable fixed deposits in your name or the name of your accompanying spouse/common-law partner;
-property valuations of property which is unencumbered by debt in your name or the name of your accompanying spouse/common-law partner.

Not acceptable are:
-bank accounts in someone else's name;
-bank accounts which are joint in your name and someone else (other than your accompanying spouse/common-law partner);
-bank accounts in the name of your spouse who is not accompanying you to Canada;
-property valuations;
-vehicle valuations;
-jewellery valuations.

You are not required to carry your funds in cash when you arrive in Canada. You are, however, required to show documentary evidence that you have the funds available (in bank accounts or cashable investments), and that they can be transferred to Canada.
A port of entry officer in Canada may seek to confirm these funds before granting you permanent residence along with your dependants.

So, my guess is, it's not safe to show the property valuation as proof of fund(even if it is a part of it) if there is any sort of mortgage or loan attached to it. The property has to be in your name or the accompanying spouse's name.

Hope this helps

Thanks,

Indira Prabhakaran.

 

[arcticmaple]

Thanks a lottttt for the information. I appreciate it.