Spending from PoF (Proof of Funds)?

[slowokan]

I searched in the forum but couldn't find...

How good is to spend from PoF, we showed at our application? I am thinking to withdraw about 50,000 CAD of the 250,000 CAD, I showed at the application. I found some good value apartments for investment. I am thinking to invest on these. What do you think on using the funds?

By the way, my application was received on May 29th, 2013.

Thanks in advance, guys...

 

[luqi]

I searched in the forum but couldn't find...

How good is to spend from PoF, we showed at our application? I am thinking to withdraw about 50,000 CAD of the 250,000 CAD, I showed at the application. I found some good value apartments for investment. I am thinking to invest on these. What do you think on using the funds?

By the way, my application was received on May 29th, 2013.

Thanks in advance, guys...

how many family members you have in the application? for three persons CIC asks POF amount as CAD 17,011. in this case if you can manage this amount (or the amount specified for no. of family members) to show at the time of sending bank statement when CIC asks, then it's ok to spend.

 

[slowokan]

I am the only one, applied for immigration. The amount is not a problem. I am aware I showed the funds more than enough.

My concern is, when they check the balance by calling my banks, they may find the amount less than I showed at my application.

 

[luqi]

I am the only one, applied for immigration. The amount is not a problem. I am aware I showed the funds more than enough.

My concern is, when they check the balance by calling my banks, they may find the amount less than I showed at my application.

if you are alone then CIC needs 11,115 CAD for you to show. feel free spending your money. it's your money. no problem how big is the amount. cheers

 

[slowokan]

Thanks a lot, luqi. That was vey informative...

 

[auditor1111]

Experts could you help me with the following questions please:

• Due to medical & personal reasons, I had to use 1.72% of the POF money in my account post AOR. At the same time my local currency was also depreciating relative to the Canadian dollar on day to day basis. But I would also deposit the money back into the account as & when possible. So in short there were some days/period of time where the actual balance in my account was below the requirement 20,222$ but then as soon as I got my salary, I deposited and the balance went back up again in excess of the minimum recquirement. I have proof of In the form of all the medical reports etc . is there a problem with this ?
• Would the above be a problem if I submit an updated POF via web form so as to account for exchange rate depreciation to beef up the amount that I had initially declared in the POF which was submitted in august?
• At the time of eAPR, the exchange rate was 130.620 PKR/CAD, and the rate is currently 141.50 PKR/CAD, and my funds are in cash (current account) denominated in PKR. The requirement for a family of 3 is 20,222 $. I have calculated that if the rate touches 143 PKR/CAD my declared amount which is PKR 2.9mn would fall short of the requirement by 13 CAD$. So the question is , if and when the same arises, do I immediately top up or wait for IRCC to get back to me

please advise as to how i should approach this , in a lot of stress.