Proof of funds

[susee]

Hello!

Can someone please help me with what is acceptable as proof of funds?

Will they accept the cash value of a life insurance?

Thanks for advice!

susee

[PMM]

Hi

Hello!

Can someone please help me with what is acceptable as proof of funds?

Will they accept the cash value of a life insurance?

Thanks for advice!

susee

No, cash savings, bonds, convertible currency.etc. only (London will accept house valuation for initial application)

PMM

[pinoybigboy]

i am here in the US, how about my house can i include that on my proof of funds.....

[PMM]

Hi

i am here in the US, how about my house can i include that on my proof of funds.....

No, read my reply only London.

PMM

[Ryo]

Hi

i am here in the US, how about my house can i include that on my proof of funds.....

No, read my reply only London.

PMM

Hi PMM,

Is MPF (Mandatory Provident Fund) accepted as a proof of fund?

Thanks

[leodr]

Dear all,

My friend in Pakistan is thinking of applying and would then fall under London VO. Can he make home valuation and use it for Proof of Funds like mentoned above. If yes, does anybody know how to do that in Pk ?

Thanks.
Leo

[FFFF]

Hi everyone;
As you know Al-Fardan Exchange issues a draft cheque on my name and can be withdrawn from a bank in Toronto. Can anyone confirm that this is acceptable as a proof of fund at POE in Toronto? Please advice.

[new_2_canada]

Hi everyone;
As you know Al-Fardan Exchange issues a draft cheque on my name and can be withdrawn from a bank in Toronto. Can anyone confirm that this is acceptable as a proof of fund at POE in Toronto? Please advice.
As Long as the draft is in Canadian or US dollars there should be no problem

[moyrzg]

Skilled workers and professionals: Who can apply—Proof of funds

The Government of Canada does not provide financial support to new skilled worker immigrants.

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. 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   $11,115
2   $13,837
3   $17,011
4   $20,654
5   $23,425
6   $26,419
7 or more   $29,414
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).