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Updated Fund requirement in June 2009! Provincial Nominee Instruction Guide!

H

hotchick19

Full Member
Jun 13, 2009
26
2
Lawyers

I am in real dilemma. I thought that since bank statement has ben removed from Buffalo Office checklist so there will be no need for Bank Statement. Now the Guide for provincial Nominee, which was updated in June 2009 says that "You must proove that you have enough funds". Please check and advise.

http://www.cic.gc.ca/english/pdf/kits/guides/EP7.pdf
 
We do not have to give "Proof of Funds" when we apply for PR at Buffalo, but we have to have the proof when we land in Canada! This requrement has been on the instruction and it is not anything new. Read the sentence again. Here's what they wrote:

"You will have to tell a Canadian official if you carry more than $10,000 Canadian in cash funds upon your entry to Canada."
 
i think the two of you are talking about different things. It looks like she is asking what counts as proof of required funds for immigration application stage. And you are mentioning the travelling requirement of minimum amount of cash allowed to be carried without disclosure when landing in canada, viz. <10k .


To answer your question about how to prove you have required funds, I believe it is not just bank statement, you could also provide other documents to show the liquid /transferrable assets you have to help you settle in Canada after immigration. The total amount of funds you prove from all sources has to be more than the minimum amount required as per Ainp/CIC.
 
Also u can show 401(k) towards it.
 
koolchik said:
i think the two of you are talking about different things. It looks like she is asking what counts as proof of required funds for immigration application stage. And you are mentioning the travelling requirement of minimum amount of cash allowed to be carried without disclosure when landing in canada, viz. <10k .


To answer your question about how to prove you have required funds, I believe it is not just bank statement, you could also provide other documents to show the liquid /transferrable assets you have to help you settle in Canada after immigration. The total amount of funds you prove from all sources has to be more than the minimum amount required as per Ainp/CIC.
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No, I meant exactly that "proof is not needed at the application stage" and that "proof is needed at the time of entry to Canada with Visa Stamp".

Or was I wrong? I'm sure we don't have to show the proof at the time of application. But I thought we have to have the proof at the time of arrival.
 
"You must show that you have enough money to support yourself and your dependants after you arrive in Canada. You cannot borrow this money from another person.(even though we know many people do.) You must be able to use this money to support the costs of living for your family.

You will need to provide proof of your funds to the Canadian visa office in your home country when you submit your application for immigration.

The amount of money you need to support your family is determined by the size of your family. These amounts are updated every year.

Number of
Family Members Funds Required
(in Canadian dollars)
1 $10,833
2 $13,486
3 $16,580
4 $20,130
5 $22,831
6 $25,749
7 or more $28,668

You do not have to show that you have these funds if you have arranged employment in Canada.

How much money should you bring?
Find out how much it costs to live where you are planning to settle in Canada.

Bring as much money as possible to make moving and finding a home in Canada easier.

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 example, stocks, bonds, debentures, treasury bills) or
negotiable instruments in bearer form (for example, bankers’ drafts, cheques, travellers’ cheques or money orders). "

"Funds required to settle in Canada
The government of Canada provides no financial support to new immigrants. You must prove that you have enough money unencumbered by debts or obligations to support yourself and your family members after you arrive in Canada.

We strongly recommend that you research the cost of living in the region of Canada where you intend to live. Bring with you as much money as possible to make your establishment in Canada easier.

Disclosure of funds
You will have to tell a Canadian official if you carry more than $10,000 Canadian in cash funds upon your entry to Canada. This could be in the form of:

money (coins or bank notes)
securities in bearer form (stocks, bonds, debentures, treasury bills etc.)
negotiable instruments in bearer form (bankers’ drafts, cheques, travellers’ cheques, money orders etc.)
Failure to disclose can result in fines and imprisonment."

Hope the above info based on their website helps.....
 
koolchik said:
You will need to provide proof of your funds to the Canadian visa office in your home country when you submit your application for immigration.
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Yes, it is required in many visa offices, but not in Baffalo.
 
rascojenkins said:
Hmmmm
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??? Rasco, I didnt understand ur hmmm :)

As far as I know, once you submit the http://www.cic.gc.ca/English/pdf/kits/forms/imm0008_4e.pdf to Buffalo,
you should submit proof along but ofcourse if you dont have the proof at that time, then you dont have a choice but to wait and let them ask you for it. For those who have a proof, it does not make sense to not submit it and then have it delay your application/decision by making them ask for it.
 
Here's the link for Visa Office Specific Instruction for Buffalo. Check section 11, under "P (Privincial Nominee)" column.

http://www.cic.gc.ca/EnGLish/pdf/kits/guides/E37048.pdf

It used to be required for Provincial Nominee, but the change was made in April 09 (it is still required for SFW). This means that CIC will probabably not ask for it later in the process even if you don't include it in your initial CIC application.
 
Honestly dont know what to say looking at that. Since based on those boxes, we dont even need work experience and education/training/qualification when we all know this is professional(h1b) category for Ainp and Ainp/CiC wont approve immigrant visa for people who dont have education, work and funds proof. Rest is our individual understanding and maybe someone who already applied and received can say better.
 
You don't need to show any proof of funds when you send your application to Buffalo if you're applying under the AINP-H1B. If you don't believe me, call Edmonton and ask them (I did!).
 
koolchik said:
montero.... hv u received pr visa from Cic through ainp? when had u applied?
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"Proof of funds" was removed from the checklist in April 09. I don't think anyone who sent their application to CIC after April got PR.
 
koolchik said:
Honestly dont know what to say looking at that. Since based on those boxes, we dont even need work experience and education/training/qualification when we all know this is professional(h1b) category for Ainp and Ainp/CiC wont approve immigrant visa for people who dont have education, work and funds proof. Rest is our individual understanding and maybe someone who already applied and received can say better.
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wow... you don't seem to be as "kool" as your id would suggest.
here's an unsolicited advice - do not over-complicate matters. look at the boxes under P in the checklist and "only" submit what is required. however, if you feel a compelling need to submit proof of funds... go ahead - no one's stopping ya

also, cic does not need proof of "work experience and education/training/qualification" because alberta has already taken care of verifying this requirement when they "nominated" you, hence the name "Provincial Nominee", hence the different columns for FSW and PNP on the checklist.
 
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