Proof of Funds at landing 2025

[ss0217]

Hi! I shall be landing at Vancouver in June 2025.
I have a COPR. I have the required 23k CAD valued amount in Indian currency in my Indian Bank account. Will the recent 6 months statements from my Indian Bank account suffice the proof of Funds??. I do have a visa card for this account with international transactions activated.

 

[iSaidGoodDay]

Hi! I shall be landing at Vancouver in June 2025.
I have a COPR. I have the required 23k CAD valued amount in Indian currency in my Indian Bank account. Will the recent 6 months statements from my Indian Bank account suffice the proof of Funds??. I do have a visa card for this account with international transactions activated.

Yes, updated bank statements from your bank will work. That's usually what most people do. I'll caution you that if you are planning to take entire 23k CAD out of your Indian bank account at some point in this year, you'll have to pay withholding taxes in India (TCS of 20%). You will get these taxes when you file your ITR. Sharing this in case if you don't know.

 

[MadmaxR]

Yes, updated bank statements from your bank will work. That's usually what most people do. I'll caution you that if you are planning to take entire 23k CAD out of your Indian bank account at some point in this year, you'll have to pay withholding taxes in India (TCS of 20%). You will get these taxes when you file your ITR. Sharing this in case if you don't know.

If I get CoPR , can i withdraw entire POF since i not planning to do landing now. Once i decide to move to canada later this year, I would maintain the required funds back in the account. Is this fine or the aging of the funds would matter at the time of landing.

 

[iSaidGoodDay]

If I get CoPR , can i withdraw entire POF since i not planning to do landing now. Once i decide to move to canada later this year, I would maintain the required funds back in the account. Is this fine or the aging of the funds would matter at the time of landing.

You can withdraw the funds, but you should be able to explain if were questioned during the landing about the funds. Usually, I've never seen this questioning happen with anyone, but in case if it did, you should be very convincing about the fluctuations.