Proof of 'Landing Funds" >>>

[rocky272727]

Proof of Funds email reply from CHC - New Delhi, India

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 members
Funds 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 of 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. (was in indirect form in this sentence only).

If you have arranged employment in Canada, you do not have to meet these financial requirements. Arranged employment means that you have an offer of indeterminate employment from an employer in Canada. You must be either currently working in that employment on a work permit in Canada, or have been issued a labour market opinion has must have been provided by the Human Resources and Skills Development Canada (HRSDC). In order to be exempt from the minimum funds requirement, the offer of employment must be genuine, the employment must not part-time or seasonal, the wages offered must be consistent with the prevailing wage rate for the occupation, and the working conditions must meet generally accepted Canadian standards.

 

[jeby]

Thank you very much rocky...

jeby

 

[deep9]

So this in itself should be enough to state that bank statements are fine.

Proof of Funds email reply from CHC - New Delhi, India

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 members
Funds 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 of 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. (was in indirect form in this sentence only).

If you have arranged employment in Canada, you do not have to meet these financial requirements. Arranged employment means that you have an offer of indeterminate employment from an employer in Canada. You must be either currently working in that employment on a work permit in Canada, or have been issued a labour market opinion has must have been provided by the Human Resources and Skills Development Canada (HRSDC). In order to be exempt from the minimum funds requirement, the offer of employment must be genuine, the employment must not part-time or seasonal, the wages offered must be consistent with the prevailing wage rate for the occupation, and the working conditions must meet generally accepted Canadian standards.

 

[khanwaja]

Qorax...

I have shares of a company, that i buy through Smith Barney (Citi Bank subsidery), i can view my shares detail online, like I read on this forum and CIC site that stocks shares can be shown as evidence of POF, but how can you show to Immigration officer, do we need to take print out of shares value (not older than a month)

Please advice...

 

[mooving2canada]

Proof of Funds email reply from CHC - New Delhi, India

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 members
Funds 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 of 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. (was in indirect form in this sentence only).

If you have arranged employment in Canada, you do not have to meet these financial requirements. Arranged employment means that you have an offer of indeterminate employment from an employer in Canada. You must be either currently working in that employment on a work permit in Canada, or have been issued a labour market opinion has must have been provided by the Human Resources and Skills Development Canada (HRSDC). In order to be exempt from the minimum funds requirement, the offer of employment must be genuine, the employment must not part-time or seasonal, the wages offered must be consistent with the prevailing wage rate for the occupation, and the working conditions must meet generally accepted Canadian standards.

Thanx Rocky for sharing this mail. Can u plz tell me u have sent ur query to CHC new Delhi on whih mail ID?

 

[RPN]

Proof of Funds email reply from CHC - New Delhi, India

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 members
Funds 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 of 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. (was in indirect form in this sentence only).

If you have arranged employment in Canada, you do not have to meet these financial requirements. Arranged employment means that you have an offer of indeterminate employment from an employer in Canada. You must be either currently working in that employment on a work permit in Canada, or have been issued a labour market opinion has must have been provided by the Human Resources and Skills Development Canada (HRSDC). In order to be exempt from the minimum funds requirement, the offer of employment must be genuine, the employment must not part-time or seasonal, the wages offered must be consistent with the prevailing wage rate for the occupation, and the working conditions must meet generally accepted Canadian standards.

According to the above information it seems BANK STATEMENT also work as proof of fund.

Beside of the CASH/TC/DD can we also show the BANK STATEMENT as POF at POE.

Thanks Rocky for your information.

Regards,

RPN

 

[majkla]

I'm planning to land in June. I was wondering if a certified cheque drawn on a Canadian bank would also work as PoF. I'm talking about the same kind of cheque you can sent to the Central Intake Office in Sydney, NS when first applying.

Also thinking about Travellers Cheques. According to the information I found on the internet the maximum amount of money you can put on a single Travellers Cheque is 500 CAD$. So, I would have to buy like 34 of them (landing with 2 dependants). Is there going to be any charge when depositing the money from the Travellers Cheques into a Canadian bank account?

 

[58553CA]

Dear Qorax, Rockyyyy and other frdz

is there any problem if i deposit total money into my account in one time(in last moment), and taking STATEMENT for 3 or 6 months.

will they accept it or they will ask any proof of where this money come from?

thanks.

 

[rocky272727]

Dear Qorax, Rockyyyy and other frdz

is there any problem if i deposit total money into my account in one time(in last moment), and taking STATEMENT for 3 or 6 months.

will they accept it or they will ask any proof of where this money come from?

thanks.

Yes they will. Leave the money in the account until you complete your landing.

 

[rocky272727]

Thanx Rocky for sharing this mail. Can u plz tell me u have sent ur query to CHC new Delhi on whih mail ID?

Sent you PM

 

[deep9]

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

Disclosure of funds
If you are carrying more than C$10,000, tell a Canadian official when you arrive in Canada. If you do not tell an official, you may be fined or put in prison. These funds could be in the form of:

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

So if we need to carry all in cash, draft, check form why would they even bother to say that 'If you are carrying more than C$10,000, tell a Canadian official when you arrive in Canada.', they could simply tell us to declare the funds. So that, kind of, indicates that bank statements should be fine.

 

[saxena.sagar]

hey rocky waasup bro..

so as per my query earlier.. you say that FDs should be fine. right?
please send me the link so that i can go through that info as well.

Sagar.

thanks for the info captain..
well i have a query on this topic
if i carry a receipt of fixed deposit of INR 6,00,000 = CAD 13,300 approx and in addition to that cash INR 2,00,000 = CAD 4300 approx then is it counted as i am carrying CAD17,600 as a POF???
And what amount should i declare at POE in this case? 17600 or 4300?

 

[saxena.sagar]

good question deep9.. my understanding about this topic is ....

POF and declaration of funds at POE are two separate things.
In POF you need to show CHC that you have $11086(for single applicant) in all acceptable forms as mentioned by rocky.
At POE you need to declare how much CASH you are carrying. And thats what needs to be written on customs form. But yes, the immigration officer may also ask you to show your POF documents in original which we had shown to CHC (Actually the officer can demand for any of your original documents, not just POF). This is to make sure that what amount we withdrew from our POF in cash, & how much we still have and just to make sure that the POF wasnt borrowed from someone and we still have it while entering canada.

I would say you can also carry no cash at all, even that is fine as long as you have your POF documents. We carry cash on our speculation on expenses there and tentitive tenure of stay and how fast we expect to get employed.

Sagar.

According to http://www.cic.gc.ca/english/immigrate/skilled/funds.asp
So if we need to carry all in cash, draft, check form why would they even bother to say that 'If you are carrying more than C$10,000, tell a Canadian official when you arrive in Canada.', they could simply tell us to declare the funds. So that, kind of, indicates that bank statements should be fine.

 

[Happyyay]

hi! I need help please. I'm currently working here in Alberta, Canada for 1 year and 10months. On Arranged Employment and I applied for Permanent residency (FSW). Do i Need to have Proof of Funds? which i don't have really. i read from somewhere that if youre on a arranged employment you don't need to have POF. would you be kind enough to enlightened me on this subject matter, thank you in advance.

 

[deep9]

Hi guys
I called the CBSA to inquire about the bank statement.
They told me that it would be fine if i carry bank statement.