Proof of 'Landing Funds" >>>

[denDbest]

hi qorax...

My family is planning to land on May and we are coming back after 2 weeks..
Is it ok to bring bank statement from my bank here in Dubai instead of DD?
A friend of mine did the same and she told to immigration people she will transfer the money once she open account in toronto...
WHat do you think?tnx

 

[Raj chandigarh]

Dear Qorax

If i take the full amount as a Bank statement of Bank (Nova-scotia) having branches in Canada and some cash without any DD/TC.

May i have any problem at POE by IO

Regards for all ur support

 

[qorax]

hi qorax...

My family is planning to land on May and we are coming back after 2 weeks..
Is it ok to bring bank statement from my bank here in Dubai instead of DD?
A friend of mine did the same and she told to immigration people she will transfer the money once she open account in toronto...
WHat do you think?tnx

Though a BSO might not ask &/or accept a bank statement, but the fact remains that it's not the accepted norm. It's wise to carry DDs, TCs or cash at a 80:20 ratio.

Qorax

 

[qorax]

Dear Qorax

If i take the full amount as a Bank statement of Bank (Nova-scotia) having branches in Canada and some cash without any DD/TC.

May i have any problem at POE by IO

Regards for all ur support

That should be fine.

 

[qorax]

Is there a declaration that has to be signed on landing re POF that you have not borrowed the funds or got a loan? Or do I have to go to a Solicitor and get something like this?

There's no such declaration, Relax!

 

[qorax]

Hi qorax / All

If someone takes 11k in CAD travellers Cheques , is it hard to cash travellers Cheques in Canada ? Can someone advise or share experience about cashing huge amount of Travellers Cheques in Canada....Can we deposit the whole amount in Traveelrs Cheque to open a bank account ?

Thanks

No issues. But their'd be a huge exch loss at back transaction.

 

[chefsam]

Senior

I got letter from visa office to submit fresh pof and i am i lakh short so
Can i Show My Provident Fund Account as a POF?
Can i Show National aving Certificate and life insurance as a pof?

 

[jaydipal]

Hello chefsam, as per my knowledge

you can show My Provident Fund Account statement and NSC (make sure your name is first , as per Indian Tax law 1st name holder is main holder of money) as well
if you can take statement from respective office then it would be better....

good bye

 

[meelan]

Hi Senior

Just out of curiosity, is there any concerns if I take more money than required, say C$100K?

 

[qorax]

Hi Senior

Just out of curiosity, is there any concerns if I take more money than required, say C$100K?

U r welcome to bring-in as much as u can/desire. No questions asked... no taxes while getting them. U'd declare it as an 'income' in ur annual tax filing and that might accrue something if u r above the bracket.

 

[TJ2010]

I am from Nigeria. I wish to carry 10000USD and keep 10000USD as statement of account. Is this save. Thank you.

 

[51747]

Been searching the forum for an answer to showing national savings certificates as POF but even this thread has mixed responses.

I applied for the Federal Skilled Worker class in 2007 from Pakistan. I submitted my application to the Islamabad Office, but it was moved to the London Visa Office now and is being processed there.

In December 2012, they asked for our medical tests and updated proof of funds. I submitted my bank statement with about $12,000 worth of funds and also my wife's property which we plan to sell upon moving to Canada.

However, last night, I received an email stating that they require "further proof of liquid funds to meet the LICO requirement for your expected family size of 4 (CAD 20,654) **proof of property ownership is not considered acceptable proof of liquid funds. Please ensure you show the origin of any new funds deposited to your account(s)**"

Now, of course I do not have the complete amount in cash available with me right now. It's in various investments and savings. I have savings in terms of government-issued certificates (Government of Pakistan's Defense Savings Certificate) in my son's name. Can I use them to show Proof of Funds? Also, I don't remember if they have his name written on them or not (they're lying in the bank locker so can't check right now). But would having or not having the name on the certificate be a problem?

Would appreciate anyone's help on this soon because they've only given me 30 days to submit the new documents. Thanks in advance!

 

[qorax]

Been searching the forum for an answer to showing national savings certificates as POF but even this thread has mixed responses.

I applied for the Federal Skilled Worker class in 2007 from Pakistan. I submitted my application to the Islamabad Office, but it was moved to the London Visa Office now and is being processed there.

In December 2012, they asked for our medical tests and updated proof of funds. I submitted my bank statement with about $12,000 worth of funds and also my wife's property which we plan to sell upon moving to Canada.

However, last night, I received an email stating that they require "further proof of liquid funds to meet the LICO requirement for your expected family size of 4 (CAD 20,654) **proof of property ownership is not considered acceptable proof of liquid funds. Please ensure you show the origin of any new funds deposited to your account(s)**"

Now, of course I do not have the complete amount in cash available with me right now. It's in various investments and savings. I have savings in terms of government-issued certificates (Government of Pakistan's Defense Savings Certificate) in my son's name. Can I use them to show Proof of Funds? Also, I don't remember if they have his name written on them or not (they're lying in the bank locker so can't check right now). But would having or not having the name on the certificate be a problem?

Would appreciate anyone's help on this soon because they've only given me 30 days to submit the new documents. Thanks in advance!

Investments, or savings, or funds lying in any a/c, or any product of a bank or any financial inst. is accepted while sending POF to our VOs. And they should in ur name or any of ur 'accompanying' family member's.

However, while landing, the funds should be either in the form of a Draft, TC, Cash or thru a Canadian Bank Statement. We have noticed that BSO's@POE do accept the bank statements of many intl. & reputed banks as well (viz. HSBC, RBS, Citibank etc.).

Qorax

 

[qorax]

I am from Nigeria. I wish to carry 10000USD and keep 10000USD as statement of account. Is this save. Thank you.

Query not understood. Pls elaborate.

 

[Raj chandigarh]

Senior

I got letter from visa office to submit fresh pof and i am i lakh short so
Can i Show My Provident Fund Account as a POF?
Can i Show National aving Certificate and life insurance as a pof?

I showed all my PF statement of last financial year. Surrendered value certificate of all the LIfe Insurance Policies, statement of My PPF as a proof of fund for myself and spouse.

It went well and i got the visa

hope it will help u