How much cash money you need to show at the time of landing??

[hmisabpk]

Hi landed or senior please.

How much money do we need to show at the time of landing ?? It will make any difference is child benefit ?
some body told me that if at the time of landing immigrant will show cash about 10,000 $ the kid will receive less then 300 $ and if shown more then 20,000 $ the child monthly benefit will be around 500.00$.
Please if any one have correct information kindly share it.

best of luck to all in this forum

 

[bhaveshenee]

hi frenz,

Can anybody reply to this question please or what is your experience hmisabpk....

Regards,

 

[qorax]

Upon 'landing' at the POE we r duty bound to 'show' the Actual POF as required by the CIC [the No. of family members Funds Chart]. We maybe 'denied entry' for want of that. The IO has full right to 'return' us back w/out "completing" the 'record of landing'.

You asked, "How much in Cash"?
The answer is that we may not show anything 'in cash'. All that is required to have is a 'proof' of funds. Which can either be in Cash or Draft or Pre-arranged Bank Transfer etc. The combinations could be any, & multi formats are acceptable.

However, the 'ideal' situation is to carry 'some' cash, as the Draft would take sometime [usually 30 days] to materialize. Till then we'd need some funds for our daily routine, don't we?

About the Child Tax Benefit:
To my knowledge it is not linked to the POF at landing. It is linked to the No. of kids we have, the financial situation of the family, the job that we are doing -aka earnings, Bank statement, other obligations etc.

Your opinion that it'd be linked to the 'landing funds' is unfounded, as in any case we have to bring-in the minimum requirement as per CIC guideline. Yes, if we bring-in substantially more, it's another matter. 'Coz in that case our Bank a/c would reflect potential savings, which might reduce the CTB.

Hope that clarifies.
Qorax

 

[rocky272727]

Upon 'landing' at the POE we r duty bound to 'show' the Actual POF as required by the CIC [the No. of family members Funds Chart]. We maybe 'denied entry' for want of that. The IO has full right to 'return' us back w/out "completing" the 'record of landing'.

You asked, "How much in Cash"?
The answer is that we may not show anything 'in cash'. All that is required to have is a 'proof' of funds. Which can either be in Cash or Draft or Pre-arranged Bank Transfer etc. The combinations could be any, & multi formats are acceptable.

However, the 'ideal' situation is to carry 'some' cash, as the Draft would take sometime [usually 30 days] to materialize. Till then we'd need some funds for our daily routine, don't we?

About the Child Tax Benefit:
To my knowledge it is not linked to the POF at landing. It is linked to the No. of kids we have, the financial situation of the family, the job that we are doing -aka earnings, Bank statement, other obligations etc.

Your opinion that it'd be linked to the 'landing funds' is unfounded, as in any case we have to bring-in the minimum requirement as per CIC guideline. Yes, if we bring-in substantially more, it's another matter. 'Coz in that case our Bank a/c would reflect potential savings, which might reduce the CTB.

Hope that clarifies.
Qorax

Tell me just a question that why is a bank statement proof not accepted by CIC. Logically once a immigrant has not landed how can he o she open an account (Let us ignore then tie ups that ICICI and HDFC has with Scotia Bank). The fund should be transferable what I know.

Why I am asking this question is because I will be doing it from a Indian Bank might be PNB who has a branch in Toronto and might open a NRI account

 

[qorax]

Tell me just a question that why is a bank statement proof not accepted by CIC. Logically once a immigrant has not landed how can he o she open an account (Let us ignore then tie ups that ICICI and HDFC has with Scotia Bank). The fund should be transferable what I know.

Why I am asking this question is because I will be doing it from a Indian Bank might be PNB who has a branch in Toronto and might open a NRI account

Brother,

I'm not sure about Indian [& similar nation's] Bank Statements, but it seems, they r accpeting International Bank A/c Statements. A friend of mine recently 'landed' & showed her StanChart Statement, from UK and it was accepted.

I guess, they r not encouraging bank statement from other nations due to many PRs not 'actually' moving those funds [probably not 'owning' the amount/s & obtained it from other means/sources] & end-up living in dire straits & in misery later, while inside Canada.

Regards,
Qorax

 

[max_lee]

Hi,

I have answered for this in another topic as well, I had personally spoken to a CBSA Officer based at Windsor POE, he mentioned that Bank statement(from US, in my case) was acceptable as POF.

Rgds

Max

 

[Qaxlor]

Hi,

I have answered for this in another topic as well, I had personally spoken to a CBSA Officer based at Windsor POE, he mentioned that Bank statement(from US, in my case) was acceptable as POF.

Rgds

Max

My guess is that it varies depending where you are coming from. If the statement is from a large commerical bank in the US or UK that the IO might have heard of and looks legitimate, it's probably fine. If it's a hand written statement from Crazy Harry's Nizamuddin Platform 3 Bank and Trust, they might say no dice. The requirement is that the funds be "liquid" and if they can't determine how liquid they are because they have never heard of the bank or due to banking regulations in the country in which the bank is located there may be a problem.

That's just a guess .

 

[rocky272727]

Brother,

I'm not sure about Indian [& similar nation's] Bank Statements, but it seems, they r accpeting International Bank A/c Statements. A friend of mine recently 'landed' & showed her StanChart Statement, from UK and it was accepted.

I guess, they r not encouraging bank statement from other nations due to many PRs not 'actually' moving those funds [probably not 'owning' the amount/s & obtained it from other means/sources] & end-up living in dire straits & in misery later, while inside Canada.

Regards,
Qorax

Thanks for the reply.