Proof of funds

[Phekco babs]

what can one use as proof of funds

 

[sam_dawkins]

from cic:
https://www.canada.ca/en/immigratio...become-candidate/eligibility/proof-funds.html


What we accept as proof
Funds must be readily available to you. For example, you can't use equity on real property as proof of settlement funds.

The funds must be available both when you apply and when (if) we issue you a permanent resident visa. You must prove to an immigration officer that you can legally access them to use to settle here when you arrive.

For proof, you must get official letters from any banks or financial institutions where you are keeping money.

Letter(s) must:

• be printed on the financial institution’s letterhead
• include their contact information (address, telephone number and email address)
• include your name
• list outstanding debts such as credit card debts and loans
• include, for each current bank and investment account:
  • account numbers
  • the date each account was opened
  • the current balance of each account
  • the average balance for the past six months

 

[Phekco babs]

from cic:
https://www.canada.ca/en/immigratio...become-candidate/eligibility/proof-funds.html


What we accept as proof
Funds must be readily available to you. For example, you can't use equity on real property as proof of settlement funds.

The funds must be available both when you apply and when (if) we issue you a permanent resident visa. You must prove to an immigration officer that you can legally access them to use to settle here when you arrive.

For proof, you must get official letters from any banks or financial institutions where you are keeping money.

Letter(s) must:

• be printed on the financial institution’s letterhead
• include their contact information (address, telephone number and email address)
• include your name
• list outstanding debts such as credit card debts and loans
• include, for each current bank and investment account:
  • account numbers
  • the date each account was opened
  • the current balance of each account
  • the average balance for the past six months

can I use the sale of my cars as proof of funds

 

[javier.abraham]

can I use the sale of my cars as proof of funds

You can use the sale receipt to support the large sum deposited in your account

 

[Phekco babs]

I haven't sold my three cars yet but have value close to the proof of funds. Can I use my proof of ownership documents as proof along with available funds in my account.

 

[DelPiero07]

I haven't sold my three cars yet but have value close to the proof of funds. Can I use my proof of ownership documents as proof along with available funds in my account.

No.

 

[sam_dawkins]

I haven't sold my three cars yet but have value close to the proof of funds. Can I use my proof of ownership documents as proof along with available funds in my account.

read the CIC requirement, it clearly says the money has to be in a financial institute. "you can't use equity on real property as proof of settlement funds."