How to get funds..??

[Amit Marwaha]

I am planning for Canadian PR, what is minimum fund required for individual and how we could show this funds..can we have it from parents??
One more thing, what is the minimum time period/months for which, the funds should be in your account??
Please let me know

 

[sid1987]

I am planning for Canadian PR, what is minimum fund required for individual and how we could show this funds..can we have it from parents??
One more thing, what is the minimum time period/months for which, the funds should be in your account??
Please let me know

nope.. you cannot show from parents.. for individual I guess its around 12000 CAD...please check website...and usually they like 6 month average

 

[Amit Marwaha]

From parents means could I have it transferred from my parents account to mine as a fixed deposit..?? And for how many months before it should be shown in account??

 

[SithLord]

From parents means could I have it transferred from my parents account to mine as a fixed deposit..?? And for how many months before it should be shown in account??

Yes you can As long as you have those funds in your name you should be fine

Ask your bank to provide a financial guarantee letter stating you have the necessary funds under your name

 

[Amit Marwaha]

Dear let me know one more thing..for how many months the saving should be there in my account before declaration of funds?? Is 1 to 2 months are good enough??

 

[vaishnavi]

Dear let me know one more thing..for how many months the saving should be there in my account before declaration of funds?? Is 1 to 2 months are good enough??

It does not matter in your case as you are planning to take from your parents. Attach a gift deed along with the bank statement.

 

[prpurohit]

Dear let me know one more thing..for how many months the saving should be there in my account before declaration of funds?? Is 1 to 2 months are good enough??

If it is a gift from parents, then even 1 day old fixed deposit is fine. You can get the amount transferred after ITA as well. Documents should include gift deed and and proof of bank transaction. It can also be a cheque. For single applicant the amount should be equal to or more than $12,475. It's better to keep some extra amount to take into account converstion.

 

[Amit Marwaha]

Thanks purohit for your valuable information.
As I am married and having one child, but right now I am a single applicant. I would accompany my family after a year or few (depending on my settlement in Canada). In this case funding required would be same i.e $12475.
PL respond

 

[prpurohit]

Thanks purohit for your valuable information.
As I am married and having one child, but right now I am a single applicant. I would accompany my family after a year or few (depending on my settlement in Canada). In this case funding required would be same i.e $12475.
PL respond

Yes you have to include non accompanying members while calculating pof. $19,093 is the amount required for family of three. Accompanying or non accompanying does not matter, you still have to show this amount.

 

[hmh1]

Yes you have to include non accompanying members while calculating pof. $19,093 is the amount required for family of three. Accompanying or non accompanying does not matter, you still have to show this amount.

Exactly. You have show the POF as a family of three members. It does not matter if they accompany your or not.