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settlement funds

coolguy2010

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Tilak,

First of all this is public foum and person should not take advise blindly

Its very easy to talk theoretically than practically

Nobody is oblige to justify himself here
 

Cappuccino

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coolguy2010 said:
Cappuccino,u still didn't get my point

What exactly "fraud" mean in terms of CIC ?.

Is it only restricted to only funds (where the person wants to come up in life and arranging it temporary). Note the person has good income and there is time difference for avaiability of funds to be presented to CIC. For me its not a fraud.

Person taking finance for business purpose, does he inform to its customers or suppliers that he has taken finance.....answer is no. He want to run his business more efficiently and want to grow.

Same way if he is taking finance (that also temporary strictly) for immigration, then it is fraud ?

For me fraud means manipulation of documents, personal information and identity itself. That is purely called fraud which is not acceptable at all. Still people have settled in canada doing one of this.

I m not encouraging anyone to do this, but really understand the situation of those people who have to manage for short time(capable of having more funds than required) and cannot afford to loose this oppurtunity just due to funds.

I will not support people who just take loans and later on also manipulate documents to show funds. At the end of the day, they need hard cash for survival which is not possible
1) CIC explicitly, very explicitly, say that settlement funds cannot be borrowed from another person.

2) In the forms the applicant submits AND SIGNS to the Canadian government they have to write their net assets minus debts. If they do not declare the money they have borrowed on this, then they are blatently lying on SIGNED documents they are submitting to the government.


http://www.cic.gc.ca/english/information/protection/fraud/document.asp

It is a serious crime to misrepresent yourself by making false statements, or submitting false information or false documents when dealing with CIC.

Document fraud includes both false and altered documents, such as:

passports and travel documents
visas
diplomas, degrees and apprenticeship or trade papers
birth, marriage, final divorce, annulment, separation or death certificates
police certificates

Lying on an application or in an interview with a CIC officer is also fraud and a crime.


Making false statements to CIC about the CORRECT genuine level of funding at the time of application is illegal in a very real sense.

You say you understand people who "cannot afford to lose this opportunity because of funds". What about the genuine applicants who may lose this opportunity because of the fraudulent ones?


People have known for the past year that the doors would be opening again. If they were unable to save sufficient funds during that year to apply in May 2013, why could or should CIC possibly believe they will be able to save sufficient funds by the time they land?

I will submit to you that the vast majority of applicants who apply with borrowed funds, also show borrowed funds on landing.

Wayne.
 

coolguy2010

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Cappuccino,No more arguments

You are right from ur side
 

a1358

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Jul 20, 2013
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Hi everyone,
I have a question which I hardly could find an answer to it in this forum.
I have already paid RPRF and passed the medical, updated my documents in April 2013 for Ott-pilot. My case was in Buffalo and I applied under FSW in early June 2010.
Now I am at the very last stage. I am a graduate student in the US. among those updates that I submitted to Ott-pilot in April, I updated my financial status for three family member (~19 K). Actually it was the best time for me to have that fund available. I had rented our apartment back home, had ~5K saving plus my newborn cash gifts from family members. I deposited that money to my account and got a reference letter which was showing an average of deposit and withdrawal but not in details. I took the money out of my account in 10 days. Now I received this email from CIC which asks me to show:

· "Updated evidence of settlement funds (showing 6 months deposits/ withdrawals history) for yourself/ your spouse. If you are using more than 1 account you must provide all accounts. You should also provide documents to support any large deposits shown".

As I said I am a graduate student with limited income in the US, I think the officer has become suspicious if I borrowed this large fund from someone else however; I have enough evidence to prove that that money was mine. BUT!! the thing is that since then I have spent 2/3 of that money mainly for medical bills. I have no more than 4-6k liquid money in hand. however, I have real estate and stocks back home which worth way more than the settlement fund. I also have gold and jewelries.

The question is: At this point it is very hard for me to show settlement fund in the form of cash. Do real estate, lease agreement, gold coins or stocks can be replaced for the bank account? please tell me your thoughts or experiences. Especially I am really interested to hear something from Wayne.
 

pankajghkp

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Proof of funds

For how much time do I need to maintain my account balance as proof of funds ?

What document does CIC ask you for showing proof of funds?

Please Reply
 

Sairam

Star Member
Aug 26, 2013
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Hi,

I found that great discussion is going on here regarding proof of funds. I hope ,I will get genuine advice on below mentioned query.

I have deposited large amount of fund one at a time which I received from my father and made bank certification letter accordingly and finally sent it along with my PR application as POF. I am planning to deposit those funds throughout the process without showing any further transactions. Will it be okay or should I show any future transaction? If I am asked to present the transaction history when application is in progress, what could be your suggestion on this?
 

Subash

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Sairam said:
Hi,

I found that great discussion is going on here regarding proof of funds. I hope ,I will get genuine advice on below mentioned query.

I have deposited large amount of fund one at a time which I received from my father and made bank certification letter accordingly and finally sent it along with my PR application as POF. I am planning to deposit those funds throughout the process without showing any further transactions. Will it be okay or should I show any future transaction? If I am asked to present the transaction history when application is in progress, what could be your suggestion on this?
My case is almost same as of yours. Any insight on this plz. seniors.
 

Sairam

Star Member
Aug 26, 2013
99
9
HI,


SOMEONE HERE WILL HELP US IN UNDERSTANDING BETTER ON OUR POF QUERY.LET'S HOPE MY FRIEND.