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obaied said:
Hi,all forum members,
i am new here, am going to apply this year in FSW .

can any one pl help regrading POF.

My wife will be a PA and we r going to show my Account which is my trading firm account (on my name) as a POF.

now my question? is can i show this acnt as a POF?

need help from expert/seniors member

obaied said:
thanks,
Captain, pl answer my question.

That statement is contradictory... the a/c could EITHER be in ur name or in the name of ur firm... if it's in ur name -- u r god with it (for POF). However, if it's in ur organization's name - but tagged to ur name as well -- it's no good.
 
qorax said:
That statement is contradictory... the a/c could EITHER be in ur name or in the name of ur firm... if it's in ur name -- u r god with it (for POF). However, if it's in ur organization's name - but tagged to ur name as well -- it's no good.

thanks Captain,
let me explain my situation, the acount is on my trading firm's name and i am only one owner of the firm. so as a proprietor i am responsible for any monetary transition of this acnt.

hope this will help and eagerly waiting for ur valuable opinion---

tx
Obaied
 
qorax said:
Could be in the name of any accompanying family member. And while depositing it in a bank -- it'd only be possible at an a/c opened in the name of the one who's particulars appear on the DD.

Bundle of thanx , sir, pls keep on replying our queries as we , the newcomers, have a lot of questions in our mind. ur help is very appreciating effort to all of us.
 
obaied said:
thanks Captain,
let me explain my situation, the acount is on my trading firm's name and i am only one owner of the firm. so as a proprietor i am responsible for any monetary transition of this acnt.

hope this will help and eagerly waiting for ur valuable opinion---

tx
Obaied

I knew that... regretfully it'd not be acceptable as ur POF.
 
qorax said:
I knew that... regretfully it'd not be acceptable as ur POF.


tx captain

if i add my PA's ( wife) name on my trading firm acnt ( make joint acnt).
is it ok then to show this acnt as a POF?

pl let me know captain.
tx again for ur help
 
obaied said:
tx captain

if i add my PA's ( wife) name on my trading firm acnt ( make joint acnt).
is it ok then to show this acnt as a POF?

pl let me know captain.
tx again for ur help

No.
 
qorax said:

Dear Captain,

i don't know how to express my gratitude to u!!!
just i don't want to say on word thanks/thank u.

rather would like to say jajakallaha, shukria.

however, i will find out more suitable acnt as a POF and will seek ur assistance in this regard.

BR
Obaied
 
Qorax , pls help me :)

we are going to cross canada immigration using CAR from buffalo border (not using flight) so in this case if we take USD equivalent to CAD (14,000 USD in my case) later we can exchange in CANADA ... , is that fine ?

pls help....
 
jaydipal said:
Qorax , pls help me :)

we are going to cross canada immigration using CAR from buffalo border (not using flight) so in this case if we take USD equivalent to CAD (14,000 USD in my case) later we can exchange in CANADA ... , is that fine ?

pls help....

Yes, you can and you will be fine. Please do not forget to declare the amount as it is in excess of $10,000
 
chevchenko said:
If we carry $18K, I carry $9K and my wife is carrying $9K, do we have to declare?

Thanks
Chev

1. What's the issue/hassle in declaring? It doesn't affect u in any way... it's just a procedural regulation.
2. And no, u'd still need to 'declare' it b'coz that figure is family specific... not individually.
 
qorax said:
1. What's the issue/hassle in declaring? It doesn't affect u in any way... it's just a procedural regulation.
2. And no, u'd still need to 'declare' it b'coz that figure is family specific... not individually.

Thanks bro
 
Hi all,

I am from India and I am planning to go for my landing in the month of April, and right now i am also little confused about POF that is whether to make TC, DD, open an Scotia a/c, etc. etc. However, one of my friends who is already in Canada told me that we can carry some cash (CAD) with you for immediate use like 8-10K CAD or whatever...and the rest he said we can tell the IO that I am carrying an International Debit Card (SBI Debit Card) and we can draw money anytime anywhere in the world.

I am still confused as to what to do...

Please seniors or Captain tell me what to do...will it be okay if i do like this or will u ppl suggest me else.


Captain, Qorax..plz reply...waiting for your suggestions.


Regards
 
rhwf_12 said:
Hi all,

I am from India and I am planning to go for my landing in the month of April, and right now i am also little confused about POF that is whether to make TC, DD, open an Scotia a/c, etc. etc. However, one of my friends who is already in Canada told me that we can carry some cash (CAD) with you for immediate use like 8-10K CAD or whatever...and the rest he said we can tell the IO that I am carrying an International Debit Card (SBI Debit Card) and we can draw money anytime anywhere in the world.

I am still confused as to what to do...

Please seniors or Captain tell me what to do...will it be okay if i do like this or will u ppl suggest me else.


Captain, Qorax..plz reply...waiting for your suggestions.


Regards

Technically, Not OK. Some Cash and a Draft is better.
 
Hi Qx

I am planning to deposit CAN$ 10,000 in NovaScotia Bank's Branch in New Delhi (India) and take the Bank statement, DD for 4000 on PA Name DD for 4000 in Spouse Name and 3000 Can$ in cash.

Will that be OK as a POF for 4

thanks