Funds to be shown on arrival

[Veebee]

Hi All,

I'd be glad to clarify if I should take the entire $13.5K ( fund requirement 1 person ) with me while I travel to Canada or can I take just around 5K and explain to the immigration office at airport that I'll transfer the rest later from my home country account ?

Thanks

 

[neorol]

Hi All,

I'd be glad to clarify if I should take the entire $13.5K ( fund requirement 1 person ) with me while I travel to Canada or can I take just around 5K and explain to the immigration office at airport that I'll transfer the rest later from my home country account ?

Thanks

I would think bank statements/credit/debit cards should work. Do they expect you to bring a lot of cash with you??

 

[Veebee]

I would think bank statements/credit/debit cards should work. Do they expect you to bring a lot of cash with you??

Yes, I thought the same about bank statement from home country but not sure if it this approach works. Although not as cash, immigration might be keen to know if I have enough funds ( eg. Demand draft, traveller's cheque ).

Really need to clarify this before I land there.

 

[neorol]

I've seen a lot of landing experience threads before. Check them out!

 

[Meya06]

Hi All,

I'd be glad to clarify if I should take the entire $13.5K ( fund requirement 1 person ) with me while I travel to Canada or can I take just around 5K and explain to the immigration office at airport that I'll transfer the rest later from my home country account ?

Thanks

Only bank statement would be sufficient for proof of funds.

 

[istari]

Hi All,

I'd be glad to clarify if I should take the entire $13.5K ( fund requirement 1 person ) with me while I travel to Canada or can I take just around 5K and explain to the immigration office at airport that I'll transfer the rest later from my home country account ?

Thanks

You certainly do not have to take the entire sum in cash, if that's what you're asking.

 

[MapleLeaf18]

Hey, how come it is CAD 13.5 K. Isn't it CAD 12164 for 1 person?

Also, I am wondering if they really consider non-Canadian bank statements since we'll be spending that amount in Canada. Isn't demand draft a better option?

 

[istari]

Hey, how come it is CAD 13.5 K. Isn't it CAD 12164 for 1 person?
It is $12,164.

Also, I am wondering if they really consider non-Canadian bank statements since we'll be spending that amount in Canada. Isn't demand draft a better option?
Foreign bank statements are fine.

 

[LokiJr01]

I'd say bring $9,500 in cash; and have the rest in bank draft. Going over the $10,000 foreign currency limit means you need to go through an extra step in immigration.

 

[Musikwala]

I'm taking about $7000 in cash. Plus, either a Canadian bank account statement (if I am able to open an account from overseas and transfer) or a foreign bank statement, which is accepted.

 

[MapleLeaf18]

If I show foreign bank statement, will I be able to withdraw that amount in Canada? I am thinking of showing the same statement I showed at the time of application (but with new date)...

 

[istari]

If I show foreign bank statement, will I be able to withdraw that amount in Canada? I am thinking of showing the same statement I showed at the time of application (but with new date)...

Absolutely.
Just be aware that the bank where the funds are kept (your bank in your home country, presumably) will probably charge some sort of fee (ATM fees, or transfer fees, etc.)

 

[Aragorn165]

Well, I plan on bringing about $2000 CAD with me in cash, and showing the difference in bank statements.

 

[MapleLeaf18]

Absolutely.
Just be aware that the bank where the funds are kept (your bank in your home country, presumably) will probably charge some sort of fee (ATM fees, or transfer fees, etc.)

Thanks, good to know that.

 

[neorol]

Thanks, good to know that.

Transferwise works in Canada. They started a few months ago. Cheapest service ever if they operate in both countries.