Income Issue in spousal sponsorship

[muslim2009]

Hello everybody,

Thanks everyone in advance for shedding some light on the below issue:
My soon to be wife (dual citizen of yemen and USA) & myself (canada permanent resident) are in the process of weighing out inland vs outland spousal sponsorship application. We shall move to canada as soon as we get married for settlement. My wife shall go on a visitor visa, then apply for a Canadian study permit for a graduate certificate or a masters degree ( up to two years program). Still deciding on a school. My wife never been to USA but being a citizen by birth, hence no domicile, aka USA ties etc.

Since we are still contemplating which option to go for application, we are concerned over the income question, I did my landing back in mid 2011 and beginning of 2014, I shall be moving to canada permanently. I shall be able to comfortably meet the two years residency requirements. I have never worked in canada prior, thus no Canadian income, not taxes etc. I have moved some savings to canada (70k$) back in 2011 and been there ever since. We have decent jobs back home and we have combined savings of 400k$ as a result of five years work period at said jobs. We can move the savings to canada (still looking on how to do that as I recall I had to substantiate solid proof for transferring the 70k$ to the Canadian bank last time!).

The question is, can savings that just been moved from abroad into a Canadian bank be enough proof to qualify a sponsor or to avoid a red flag on the income criterion? Remember, No job yet, no Canadian income, will there be a fear from cic side that such savings can be moved out of canada for example etc etc?
We will also be newly wed and shall submit as much proof as we can, we are still looking into how are we going to prove the genuine relationship aspect.

I would appreciate some feedback and thank you all in advance.

Cheers
Muslim

 

[steaky]

I think you got confused with your situation. Unless you put your 70k in a Canadian bank account generating zero interest, you would have at least Canadian interest income. Anyways, I find pretty easy to move my savings between one country and Canada via HSBC without any substantiate solid proof. For sponsoring, you just have to prove that you can fully support another person once the applicant is granted PR status. The money itself does not have to be already or generated in Canada in order to do this.

 

[zardoz]

Also, as a PR, you cannot submit a sponsorship application unless you are, and continue, residing in Canada. But, I assume that you already know this.

 

[muslim2009]

I think you got confused with your situation. Unless you put your 70k in a Canadian bank account generating zero interest, you would have at least Canadian interest income. Anyways, I find pretty easy to move my savings between one country and Canada via HSBC without any substantiate solid proof. For sponsoring, you just have to prove that you can fully support another person once the applicant is granted PR status. The money itself does not have to be already or generated in Canada in order to do this.

Many thanks steaky for the feedback. Yes the money is in interest free account, thus no income or tax reported. We do not have an HSBC or another bank with a Canadian presence else it would have been a wonderful idea.
So basically it is credible enough to apply showing savings as the proof to be financially capable to support the spouse? I am reluctant as to whether the sponsorship application could be refused on the financial capability ground. The intention of course is to apply and find a job as well.

Cheers

 

[muslim2009]

Also, as a PR, you cannot submit a sponsorship application unless you are, and continue, residing in Canada. But, I assume that you already know this.

Thanks Zardoz for the inputs as well. Yes the intention is to reside permanently in canada
Loads of thanks