Hi All,
I am finalizing my post ITA application these days . I have around 14k CAD$ equivalent currency as POF ( single applicant ) and this amount has been in my account for more than 10 months . Now the question is :
1) If i convert half of the cash ( around 7k CAD$ ) into Saving certificates from the same bank, and then upload the bank letter mentioning cash + saving certificates Number and its value, along with bank statement for 06 months (to show the money transition from cash to saving certificates )... Would there be a problem .. ? BTW.. these certificates are not time bond investment and readily cash able within 3 days.
2)Or can I just upload the application now with bank letter (showing 14k CAD cash) along with 06 months bank statement and submit the application for now .. in this case , if I convert from cash to saving certificates after 1 or 2 months , will there still be a problem ? ( I'm talking about if CIC confirms the statement from the bank and now only half of the cash is there due to conversion to saving certificates ) and they don't know this information ..
What will be the appropriate procedure ?
Thanks & regards
I am finalizing my post ITA application these days . I have around 14k CAD$ equivalent currency as POF ( single applicant ) and this amount has been in my account for more than 10 months . Now the question is :
1) If i convert half of the cash ( around 7k CAD$ ) into Saving certificates from the same bank, and then upload the bank letter mentioning cash + saving certificates Number and its value, along with bank statement for 06 months (to show the money transition from cash to saving certificates )... Would there be a problem .. ? BTW.. these certificates are not time bond investment and readily cash able within 3 days.
2)Or can I just upload the application now with bank letter (showing 14k CAD cash) along with 06 months bank statement and submit the application for now .. in this case , if I convert from cash to saving certificates after 1 or 2 months , will there still be a problem ? ( I'm talking about if CIC confirms the statement from the bank and now only half of the cash is there due to conversion to saving certificates ) and they don't know this information ..
What will be the appropriate procedure ?
Thanks & regards
