queries regarding proof of funds...

[sikanderkhan]

Hi seniors
I wanted to ask that what could be included in the proof of funds? does it has to be a saving account bank statement of say $11000 or the amount equal to $11000 can be invested somewhere like govt bonds,fixed deposits etc etc and can be shown as a proof of fund?if yes then what alternates can we show them as a proof of funds? please list down the options available to show as a proof of fund. as i know property doesnt count in it.

Thanks

 

[qorax]

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 eg, stocks, bonds, debentures, treasury bills) or
• Negotiable instruments in bearer form (for eg, bank drafts, cheques, travellers' cheques or money orders).

Qorax.

 

[irshad2005]

You can provide a 3 months bank statement for Proof of Fund and a Bank Balance Certificate.
You can also show bonds and other stuff but it should be like liquid cash as in whenever you need cash it can be made use.

 

[sikanderkhan]

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 eg, stocks, bonds, debentures, treasury bills) or
• Negotiable instruments in bearer form (for eg, bank drafts, cheques, travellers' cheques or money orders).

Qorax.

Thanks Qorax for your reply,but i am asking about the time when you have to show to the CHC that you have funds, when you are going to send full application. I am asking rather than showing $10000 in the bank account can i show $5000 in the bank account and remaining in the form of investments like treasury bills, bonds etc?

 

[qorax]

Thanks Qorax for your reply,but i am asking about the time when you have to show to the CHC that you have funds, when you are going to send full application. I am asking rather than showing $10000 in the bank account can i show $5000 in the bank account and remaining in the form of investments like treasury bills, bonds etc?

Yes, perfectly fine.

 

[sikanderkhan]

You can provide a 3 months bank statement for Proof of Fund and a Bank Balance Certificate.
You can also show bonds and other stuff but it should be like liquid cash as in whenever you need cash it can be made use.

Thanks
Can we show all or half of the money in the form of liquid investments like Bonds, Treasury bills etc?

 

[sikanderkhan]

Yes, perfectly fine.

Thank you very much Qorax