"too much funds can be a negative factor", the lawyer said

[BobbyB]

Certainly not. If you show huge amount, there is a high likelihood of approving your application. Immigration Officer put special attention on funds. More than enough money will suggest him you can economically establish yourself in Canada even if you do not find any job. You can at least open your own business.But the money has to be taxable. If they are black money, the applicant will be in trouble.

Some sensible talk at last .
Why would they want to punish someone for having more than the minimum required funds?
As an immigrant, the first and foremost aim is to get yourself economically established in the country you are wishing to immigrate to, and that is what they want you to do and expect you to do.In fact they are more than happy when people have and bring these funds to their country.

I don't understand and know why some consultants take their clients for a ride.

BobbyB

 

[wxyz123]

Some sensible talk at last .
Why would they want to punish someone for having more than the minimum required funds?
As an immigrant, the first and foremost aim is to get yourself economically established in the country you are wishing to immigrate to, and that is what they want you to do and expect you to do.In fact they are more than happy when people have and bring these funds to their country.

I don't understand and know why some consultants take their clients for a ride.

BobbyB

there is a minimum but no maximum. yes you can provide maximum. problem is you can be asked and suspicions might arise where you got that money or properties at such a young age. i know examples of people who provided huge sums of money in bank statements and got refused bcz visa office didnt beleive that it was their own money. my advise is to be on safe side just provide adequate funds. but offcourse you are free to do whatever you like.

 

[BobbyB]

there is a minimum but no maximum. yes you can provide maximum. problem is you can be asked and suspicions might arise where you got that money or properties at such a young age. i know examples of people who provided huge sums of money in bank statements and got refused bcz visa office didnt beleive that it was their own money. my advise is to be on safe side just provide adequate funds. but offcourse you are free to do whatever you like.

I believe such cases were not able to prove the source of their funds. If you have earned the money legally and have it in your accounts/investments for a considerable amount of time, then I think their would be no problem.
In fact, showing large amount of money in your bank account for just 3 Months or so will raise suspicion in any case anyway and will be difficult to convince anybody not to talk of an IO.
In Europe, Even Banks have started checking out and reporting cases of movement of large amount of money (Money laundering Laws). So, I guess, it all varies from person to person and depends on case to case and cannot be generalized.

 

[wxyz123]

I believe such cases were not able to prove the source of their funds. If you have earned the money legally and have it in your accounts/investments for a considerable amount of time, then I think their would be no problem.
In fact, showing large amount of money in your bank account for just 3 Months or so will raise suspicion in any case anyway and will be difficult to convince anybody not to talk of an IO.
In Europe, Even Banks have started checking out and reporting cases of movement of large amount of money (Money laundering Laws). So, I guess, it all varies from person to person and depends on case to case and cannot be generalized.

if you show less you will need to provide lesser proofs and if you show more you will need to provide more proofs, so its upto you

 

[shuhash]

guys,

it's not about more or less ... on either case you need to show what you have (truth)... .. i am 29 and have 4 accounts with way more than required fund .. now i am not going to hide any of those accounts .. they way i see it if you hide something now and it comes out in future you would be in trouble ... i am submitting all of my tax records and pay stubs and statements from all accounts .. now are u saying if i submit all the legit papers they will ask for more ?? what more can u ask ...

 

[BobbyB]

guys,

it's not about more or less ... on either case you need to show what you have (truth)... .. i am 29 and have 4 accounts with way more than required fund .. now i am not going to hide any of those accounts .. they way i see it if you hide something now and it comes out in future you would be in trouble ... i am submitting all of my tax records and pay stubs and statements from all accounts .. now are u saying if i submit all the legit papers they will ask for more ?? what more can u ask ...

well said!!!

 

[mikenz]

there is a minimum but no maximum. yes you can provide maximum. problem is you can be asked and suspicions might arise where you got that money or properties at such a young age. i know examples of people who provided huge sums of money in bank statements and got refused bcz visa office didnt beleive that it was their own money. my advise is to be on safe side just provide adequate funds. but offcourse you are free to do whatever you like.

Young age??? Lucky you..hahahahahaha ;D ;D I am 41..it would be bad having nothing to show for! Not only young people go to Canada..

 

[ptv7425]

guys,

it's not about more or less ... on either case you need to show what you have (truth)... .. i am 29 and have 4 accounts with way more than required fund .. now i am not going to hide any of those accounts .. they way i see it if you hide something now and it comes out in future you would be in trouble ... i am submitting all of my tax records and pay stubs and statements from all accounts .. now are u saying if i submit all the legit papers they will ask for more ?? what more can u ask ...

I agree, if we can submit statements and other records to prove that the funds are legit, it could only help our case.

 

[wxyz123]

guys,

it's not about more or less ... on either case you need to show what you have (truth)... .. i am 29 and have 4 accounts with way more than required fund .. now i am not going to hide any of those accounts .. they way i see it if you hide something now and it comes out in future you would be in trouble ... i am submitting all of my tax records and pay stubs and statements from all accounts .. now are u saying if i submit all the legit papers they will ask for more ?? what more can u ask ...

you are not hiding anything you are only showing the requisite amount. they are not asking you to show all your bank balance, how many houses or cars you have. they are not a tax body for god sake just a simple requirement. its the same when you take admission in college or university they ask you to pay some fees and they are not interested if you are a millionare or pennyless, they are only interested in their fees if you are able to pay or not.

finally you are more than free what you want to do. just do it what you think is right

 

[mehak_janvi]

I also of the view that excess funds shown more than requirement without legtimate base is always dangerous for the applicant. But it is also very much true that nobody keeps their savings in saving a/cs. rather these may be invested some where in property, jewelery, and may be given to Some business house to fullfill their capital requirement for the sake of Interest.So, When b people came to know VO requirements of Funds we may create that funds out of that investments. So I also personally feel that VO should not reject the case without giving any reasonable oppurunity of being heard to the applicant regarding excess funds.

 

[wxyz123]

Young age??? Lucky you..hahahahahaha ;D ;D I am 41..it would be bad having nothing to show for! Not only young people go to Canada..

mike your case is totally different. i talked abt young fat cats ;D who are merely 25 or 26 and showing proudly millions in their accounts and ultimately getting refused. i know some people like these who got refused.

 

[mikenz]

Yeah, I understand.. in a young persons case it is different. I certainly would be suspicious of anyone showing millions

Good luck to anyone!