Lammawitch said:
This is misinformation. If you can't show proof of funds, the CBSA agent can and most probably will refuse to complete your landing and/or refuse you entry. This is NOT the same as deportation & a ban.
However, one could incur a ban if CIC determines that one misrepresented one's POF in one's application.
Property can in some cases be used : you would need a professional valuation of the property and official documentation showing mortgage amount, and how much you still owe.
How much did you declare in your application, and what proof did you provide?
http://www.cic.gc.ca/english/immigrate/skilled/funds.asp
How can you say it is misinformation. Whats the difference between being deported and not allowed entry by CBSA agent. :O ...
Also, if one fails to prove POF at point of entry, it is very likely that there will be an enquiry by CIC which will result in a ban for few years.
I would also like to add that using property docs etc for landing is a very bad idea.
Most of Visa offices do not accept property documents even during initial application.
So far, I have come to know about only LVO accepting property docs.
Also, things like property, provident fund, mutual funds, etc are only accepted for initial application.
Because then you are saying that you will be able to withdraw and encash them when you finally land.
You would be taking big risk to use mutual funds, pf, ppf, property docs etc as POF for landing.
The most sensible thing is to carry enough cash, bank statements, travellers cheque etc.
This is just my opinion. If someone wants to take chance, more power to them.
