How to prepare document that show property as POF

[meherulalam]

Dear All,

I have only in hand 4k+ CAD. I have a land which value is 34k+ CAD. Can I show the land as POF. Could someone advise me how to prepare the document to show POF.

I will apply for FSW programm. We are 3 members.

Regards
Meherul Alam

 

[wan2no]

NO.. u need to liquidate and to show in Fixed deposit or savings account of required amount in bank certificate as POF.

 

[meherulalam]

Thanks for your reply.

But I saw in cic website like below

These funds could be in the form of:

cash
documents that show property or capital payable to you (such as stocks, bonds, debentures, treasury bills, etc.) or
documents that guarantee payment of a set amount of money, which are payable to you (such as bankers’ drafts, cheques, travellers’ cheques or money orders).[/font][/b]

as they advise I can use property as POF, please clarify somebody.

Thanks

 

[akbardxb]

Thanks for your reply.

But I saw in cic website like below

These funds could be in the form of:

cash
documents that show property or capital payable to you (such as stocks, bonds, debentures, treasury bills, etc.) or
documents that guarantee payment of a set amount of money, which are payable to you (such as bankers' drafts, cheques, travellers' cheques or money orders).[/font][/b]

as they advise I can use property as POF, please clarify somebody.

Thanks

At the time of application, this is fine, but on landing you need liquid funds which you are bringing into Canada stipulated as per the family size.

 

[meherulalam]

Thank you akbardxb.

For the time being I will show my property and will sell before landing in canada.

 

[future_canadian]

At the time of application, this is fine, but on landing you need liquid funds which you are bringing into Canada stipulated as per the family size.

I don't think so. The application checklist clearly states that you need to show proof of settlement funds at the time of the application.

Property is not a liquid asset. Settlement funds are liquid or easily liquifiable assets.

An applicant who fails to show sufficient liquid assets at the time of application does so at his peril.

 

[akbardxb]

I don't think so. The application checklist clearly states that you need to show proof of settlement funds at the time of the application.

Property is not a liquid asset. Settlement funds are liquid or easily liquifiable assets.

An applicant who fails to show sufficient liquid assets at the time of application does so at his peril.

At the time of application you can show all your assets and must show all your liabilities including mortgages / loans.

Liquid cash is only required at the time of landing as per the stipulations based on family size. This must be in DD or cash.

 

[future_canadian]

At the time of application you can show all your assets and must show all your liabilities including mortgages / loans.

Liquid cash is only required at the time of landing as per the stipulations based on family size. This must be in DD or cash.

I disagree. Item 15 in the document checklist clearly states that applicants must demonstrate proof of sufficient settlement funds in the application.

 

[akbardxb]

I disagree. Item 15 in the document checklist clearly states that applicants must demonstrate proof of sufficient settlement funds in the application.

You are free to disagree. This is how I applied, without a lawyer / consultant and finished my landing in March.

The basic assumption is that when you migrate you will take all your assets with you and will settle your liabilities before that.