Good luck!Thanks but I have seen multiple cases where they have considered other references as well. Anyway i gotta apply with what I got. Thanks for your help.
Good luck!Thanks but I have seen multiple cases where they have considered other references as well. Anyway i gotta apply with what I got. Thanks for your help.
Investment funds are perfectly acceptable PoF.I would be very cautious about interpreting your investment account as your settlement fund since that money is not liquid enough for you to basically withdraw for the settlement purpose. If you have regular saving/checking account, you may consider just use that if the 6-month average is above the single applicant settlement threshold.
Just get them the proof of funds as requested on official letter head of the finance house. State your source of funds (same as you have done here). Provide proof of earnings showing how you gathered the funds, and when you started the investment and how it's grown over the past year. The money has been sitting in that investment for over a year, so that works in your favour.Please can anyone help with this. Single outland FSW applicant with AOR date - April 28, 2023. I just got an ADR for updated proof of funds. The letter says "please provide an updated proof of funds. You must get an official letter from your bank or Financial institution. Please state the average balance for the past six months and a written explanation for the source of funds. Also please declare if you have any debts or loans"
I don't know why they're asking so soon but I have the funds untouched in an investment account. USD10,220 (when I submitted in March it was 9,952 but it's grown due to interests) I've had it since March 2022, and so getting a new letter from the bank is easy as the funds are still there. My challenge is with the explain the source of funds part. This money is literally my life savings, money I've saved over the years that I've been earning an income (15 years). Is it OK if I state this as the source of the funds? Or do I have to get someone to give me a gift deed and submit that instead? I have been unemployed since January 2023, maybe that's why they're asking for the source of this funds. My regular bank account has had no reasonable or steady inflow since I lost my job so I can't submit that either.
PS: I was unemployed for about 3months in 2021 also and I have no debts. The funds are not in a regular bank but a financial institution (investment house fully licensed and regulated by the authorities in my country
Don't do this. Stick with the PoF you already provided. I don't see any reason for you to be anxious since you have proof of how you gathered the money to put into an investment account.Thanks. Unfortunately I don't have a savings/checking account, and this investment account is liquid. the letter from the institution states so and that it can be withdrawn at any time. But do you suggest I do a gift deed instead? My sister is willing to give me the money for the gift. WIll it create further complications if I suddenly present another POF?
I guess, a good step!Anyone see this?
Crs inflation is mostly due to backlog and pgwp public policy I think.https://www.canada.ca/en/immigration-refugees-citizenship/news/2023/06/new-measure-to-benefit-foreign-workers-looking-to-improve-their-skills.html?fbclid=IwAR2JAvgyuTfj7Aa47R5dOHdg3D4T4Wzdjzm_YSfCZ7cGLXziAEVIHuczfEg&mibextid=Zxz2cZ
so, if they loosen up a lot of restrictions on TRV, then TRV will be more and more similar to PR?
Will this cheapen the value of PR?
Also, a measure like this will only drive CRS inflation and will not make it easier to transition to PR right?