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Proof of 'Landing Funds" >>>

pooja123

Hero Member
Feb 20, 2010
285
12
Excellent post Quoraxx ....

Any thought on having job offer & credit card
===================================
Please let me know if you have info on following...
Since I am working in USA, once my PR is approved, I would try to get a job before landing... so what
1.) if I have job offer before landing
2.) I have good limit in my credit cards ( that take service charges to use out of USA but still I can use it...)
Does carrying cash for half amount would be acceptable with above two points?
 
Jun 6, 2009
18
0
hello everyone, i got visa and land in may we r 2 persons
1) can 450000 lakh is sufficient to carry 4 2 persons
2) can i carry 250000 as dollar or TC and remaining as SBI india bank statments
plz
 

qorax

VIP Member
Nov 21, 2009
9,523
3,002
Brampton, Canada
Category........
FSW
Visa Office......
London
LANDED..........
May-2010
pooja123 said:
Excellent post Quoraxx ....

Any thought on having job offer & credit card
===================================
Please let me know if you have info on following...
Since I am working in USA, once my PR is approved, I would try to get a job before landing... so what
1.) if I have job offer before landing
2.) I have good limit in my credit cards ( that take service charges to use out of USA but still I can use it...)
Does carrying cash for half amount would be acceptable with above two points?
1. As your case was processed for FSW without AEO* -u'll need to show Landing Funds.
2. No, Cr Cards are not an acceptable media for POF.

*The Job Offer obtained 'later' is immaterial.
Qorax
 

qorax

VIP Member
Nov 21, 2009
9,523
3,002
Brampton, Canada
Category........
FSW
Visa Office......
London
LANDED..........
May-2010
balwinder singh said:
hello everyone, i got visa and land in may we r 2 persons
1) can 450000 lakh is sufficient to carry 4 2 persons
2) can i carry 250000 as dollar or TC and remaining as SBI india bank statments
plz
1. I wouldn't know about the 450000 Lakh -However someone posted here that the Exch Rate in India is around IRs50=1CAD [with a safety margin]. U may calculate accordingly.

2. Bank statements -my advice is No, No.

Qorax
 

penpal

Hero Member
Sep 30, 2009
220
13
Category........
Visa Office......
London
NOC Code......
0111/1111
Job Offer........
Pre-Assessed..
VISA ISSUED...
30.03.10
LANDED..........
Planning in Autumn of 2010
Hi Qorax,

Your mail of great clarity has removed ambiguity and subjectivity w.r.t the form in which the funds have to be carried at the point of landing.

Thanks and as usual you have taken the bull by the horn(a burning issue).

Regards
 

CPA2CANADA

Hero Member
Jun 9, 2009
560
12
124
Calgary Alberta
Category........
Visa Office......
London, United Kingdom
NOC Code......
1111
Job Offer........
Pre-Assessed..
App. Filed.......
May 1, 2009
Doc's Request.
Jun 4, 2009
AOR Received.
Aug 12, 2009
Med's Request
Sep 16, 2009
Med's Done....
Oct 1, 2009
Passport Req..
Oct 20, 2009
VISA ISSUED...
Dec 15, 2009
LANDED..........
in July 8, 2010 (Toronto)
hi qorax..how about bringing your international ATM with you?....i think that is also liquid and you may withdraw at any bank in Canada...
 

qorax

VIP Member
Nov 21, 2009
9,523
3,002
Brampton, Canada
Category........
FSW
Visa Office......
London
LANDED..........
May-2010
CPA2CANADA said:
hi qorax..how about bringing your international ATM with you?....i think that is also liquid and you may withdraw at any bank in Canada...
Yes, for convenience it is extremely useful [both -the Visa Electron ATM Card, as well as any Cr. Card]. I use it all the time. But unfortunately, it'll not be accepted as a POF.

Qorax
 

saxena.sagar

Star Member
Jan 22, 2010
152
14
Category........
Visa Office......
London
NOC Code......
4131
Job Offer........
Pre-Assessed..
thanks for the info captain..
well i have a query on this topic
if i carry a receipt of fixed deposit of INR 6,00,000 = CAD 13,300 approx and in addition to that cash INR 2,00,000 = CAD 4300 approx then is it counted as i am carrying CAD17,600 as a POF???
And what amount should i declare at POE in this case? 17600 or 4300?
 

jaggy

Star Member
Apr 14, 2010
55
0
hello qorax,

i would like to seek your advice too.

I am a temporary foreign worker for a 2 year contract under NOC C. I applied for FSW and I am wondering if my work permit and a letter from my employer stating that he is willing to hire me indefinitely if i got my PR will waive my proof of funds?

I am working to get my ticket(red seal), by then maybe my company will change my contract.

thank you.
 

qorax

VIP Member
Nov 21, 2009
9,523
3,002
Brampton, Canada
Category........
FSW
Visa Office......
London
LANDED..........
May-2010
saxena.sagar said:
thanks for the info captain..
well i have a query on this topic
if i carry a receipt of fixed deposit of INR 6,00,000 = CAD 13,300 approx and in addition to that cash INR 2,00,000 = CAD 4300 approx then is it counted as i am carrying CAD17,600 as a POF???
And what amount should i declare at POE in this case? 17600 or 4300?
1. As per me one shouldn't try the 'Landing Funds' with any form of bank statement [an INR FD is also one].
2. In any case whatever modes carry -the total counts. So that'd be CAD17600.

Qorax
 

qorax

VIP Member
Nov 21, 2009
9,523
3,002
Brampton, Canada
Category........
FSW
Visa Office......
London
LANDED..........
May-2010
jaggy said:
hello qorax,

i would like to seek your advice too.

I am a temporary foreign worker for a 2 year contract under NOC C. I applied for FSW and I am wondering if my work permit and a letter from my employer stating that he is willing to hire me indefinitely if i got my PR will waive my proof of funds?

I am working to get my ticket(red seal), by then maybe my company will change my contract.

thank you.
With an AEO u do not need to show POF.
 

jeby

Hero Member
Jan 19, 2010
227
5
Kerala, India
Category........
Visa Office......
New Delhi
NOC Code......
5111
Job Offer........
Pre-Assessed..
Med's Request
15-12-2009
Med's Done....
11-01-2010
Passport Req..
15-12-2009
VISA ISSUED...
22-02-2010
Dear Qorax,

I would like to get your kind advise in the following matter:
I am planning to land in August and after one month coming back to India. (Is it compulsory to open bank account immediately?)

After that, in next April going again to Canada with my family with as much money I can. The question is, when I open an account this time, do I have to pay tax for the whole amount?

Jeby
 

qorax

VIP Member
Nov 21, 2009
9,523
3,002
Brampton, Canada
Category........
FSW
Visa Office......
London
LANDED..........
May-2010
jeby said:
Dear Qorax,

I would like to get your kind advise in the following matter:
I am planning to land in August and after one month coming back to India. (Is it compulsory to open bank account immediately?)

After that, in next April going again to Canada with my family with as much money I can. The question is, when I open an account this time, do I have to pay tax for the whole amount?

Jeby
1. No, there is no compulsion to open a banking a/c. But, where would u keep the money that u bring along? Until & unless u r bringing a draft, which u like to take it back.

2. On the 2nd arrival there's no need for showing 'landing funds' -u know that. U can always 'open' a bank a/c this time & deposit the draft/cash/TC etc. [that might be treated as your 'landing funds'] -one time. However, any subsequent deposits shall be treated as your 'earnings' from abroad -& that's taxable.

BTW: Any one deposit -No tax... subsequent deposits -taxable.

Qorax
 

jeby

Hero Member
Jan 19, 2010
227
5
Kerala, India
Category........
Visa Office......
New Delhi
NOC Code......
5111
Job Offer........
Pre-Assessed..
Med's Request
15-12-2009
Med's Done....
11-01-2010
Passport Req..
15-12-2009
VISA ISSUED...
22-02-2010
Thank you very much Qorax. solved one of my problems.... thanks again.
Jeby