ITA under FSW: 6 average months $12K or end of statement $12K ?

[choprakart]

As per CIC:
Unless you are currently authorized to work in Canada and have a valid job offer (LMIA) from an employer in Canada, or you have been invited to apply under the Canadian Experience Class, you must show that you have enough money to support yourself and your family after you get to Canada.

So I got ITA as I showed foreign work ex - BESIDES Canadian experience.
CRS 463.. ITA received Dec 4th.

I have been invited to apply under FSW category. I am in Canada with a f/t job that is NOC B (no LMIA).
Do I need to show proof of funds? And if so how much?

I am able to manage an end of statement of 12k.. but to show 6 months avg. I am going to need hundred thousand in my account for next 20 days.

As per CIC:
The letter(s) must be printed on the letterhead of the financial institution and must include the applicant’s name, the contact information of the financial institution (address, telephone number and email address), the account numbers, the date each account was opened and the current balance of each account as well as the average balance in the past six months.

 

[MooseNBooze]

Yes, you will need to show proof of funds, per the CIC instructions you posted. Also, this -

http://www.cic.gc.ca/english/immigrate/skilled/funds.asp

As to the amount, the above link provides a table based on number of family members.

As to the average balance, if the average balance is significantly less than the minimum (say, it is off by 20% of more, just a rule of thumb), then attach a LOE explaining the discrepancy and support the claims you make. For instance, if the money was recently accumulated through your current job, then include those payslips. Or if you were gifted some of the money, attach a signed affidavit/gift deed from the person who gave you the gift, mentioning that it is not a debt and/or is otherwise unencumbered. That should do the trick. I hope this helps. If not, there are other threads out there with detailed discussion on this topic. Browse those. Best wishes to you.

 

[cjs]

Provide Balance Certificate only. I have seen so many people getting through by just providing balance certificate...

 

[joelmath]

Provide Balance Certificate only. I have seen so many people getting through by just providing balance certificate...

Hi cjs, pof has always been a complex topic. We have seen cic take arbitrary decisions when it comes to pof. It would be great if you can support this answer with examples of some applicants who did not have sufficient funds as average balance for 6 months and got through the process with just a balance certificate.

 

[cjs]

My close friend got through this. He sent only balance certificate. He got through and CIC did not ask for any additional documents at later stages.
POF is not that tricky, they check funds of person when he/she enters Canada. I believe their main concern is if person is having enough funds. Everyone knows for a fact that no one keeps that much of amount in savings account for that long.

I queried bank also, my bank said there is nothing like 6 months average balance. We can get transactions or balance certificate.

Moreover, is there any example of someone who had sufficient funds in account and got rejected because he just provided balance certificate ?

CICs concern is that one has sufficient funds and those belong to that person only.

 

[MooseNBooze]

There are examples of folks whose applications got rejected for this issue. Famous example is Asivad Anac. So don't take this lightly. Some might have gotten by without providing 6 months average but that's just luck. CIC expressly asks for the following in the Bank Certificate -

"The applicant would need to provide official letters from financial institutions that list:
All current bank and investment accounts and,
Outstanding debts from credit cards and loans
These letters should be official documents printed on the letterhead of the financial institution
It must contain:

• The applicant’s name
• The financial institution’s contact information i.e. the address, the telephone number and the e-mail address
• The account numbers
• The dates of opening of each of the accounts
• The current balance of each account and,
• The average balance of each account in the past six months

"

If the certificate has all of the above, then, yes, no need for statements. But if the average balance is not mentioned, then attach statements from the past six months. Simple.