Proof of funds - the more , the better?

[mansi14feb]

Hi All,
Is it true that the higher amount you show as proof of funds in your express entry profile the lesser time it takes for PR application approval.
OR
Is it true that if I can take more money in Canada and show that in my proof of funds in express entry profile lesser time it takes for the application approval

 

[Jraci]

Hi All,
Is it true that the higher amount you show as proof of funds in your express entry profile the lesser time it takes for PR application approval.
OR
Is it true that if I can take more money in Canada and show that in my proof of funds in express entry profile lesser time it takes for the application approval

Nope

 

[mansi14feb]

But I have heard this from people who already got the PR ...What should I do in this situation as I am updating my profile now?

 

[mansi14feb]

Can you please give me the reason if your answer is no?

 

[navinball]

Can you please give me the reason if your answer is no?

There is no evidence to back such a claim. Although it would make sense for a country to have high net individuals move in asap and start paying taxes.

 

[supernovamuz]

But I have heard this from people who already got the PR ...What should I do in this situation as I am updating my profile now?

had there been no rumors such like that, the forum would have no activities either.

 

[Islander216]

With all due respect, obtaining PR doesn't make you an expert on the process for obtaining PR. We are all here just sharing our knowledge from our experiences.

Focus on things stated explicitly by IRCC, leave all the behind the scenes procedures to them.

There is absolutely nothing which states that providing greater proof of funds means your application will be processed and approved in less time.

On the contrary, if you have a lot of money, you're going to have to justify how you received those funds, and it will complicate the process. They can ask for a gift deed if the source of funds is another person.

 

[hamgha]

Can you please give me the reason if your answer is no?

0 effect. our pof was barely 300 usd more than required when we submitted it

 

[dr.josemrod]

Nope, doesn't matter or influence the speed of processing.