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Subject: "What if i'm already settled in Canada?" Archived thread - Read only
 
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Conferences Canadian Immigration - Immigration canadienne Topic #2344
Reading Topic #2344
dmorales
Member since 5-Mar-02
05-Mar-02, 11:57 AM (EST)
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"What if i'm already settled in Canada?"
 
   Hello and thank you for having such a helpful site. I read that the required funds for settlement in Canada are about $17,000 CAN. But I already have a house, car and a job in Canada which pays my needs and I'm using for my arranged employment. I went to school in Canada, graduated and I am on a post-graduation temporary work visa. My question is, Do I still need that much money for something I already have?

Best Regards
Diego Morales


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dcohenadmin
Charter Member
1554 posts
21-May-02, 03:49 PM (EST)
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1. "RE: What if i'm already settled in Canada?"
In response to message #0
 
   In this case, a professional property appraisal report indicating the value of the home in Canada should suffice as evidence of settlement funds. This report should ideally be submitted with the initial application for Canadian Permanent Residency. Submitting it initially will allow sufficient time for the immigration officer to analyze it, and make a decision as to whether or not it will be an acceptable substitute for settlement funds. If it is not acceptable, the immigration officer will then request additional documents to prove sufficient savings (such as bank/investment statements, showing sufficient funds, in a format that can easily be liquidated or accessed by the applicant).

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