Proof of 'Landing Funds" >>>

[rinal2174]

Dear All

I have one question that while applying in FSW, i had shown PPF NSC Fixed deposits and PF. going to land in march 2015.

Now while landing, I am planning to take cash and bank draft of the same amount.
Can i use the funds shown in application? If yes, do i have a need to show the transactions? Can we include the value of gold taking along with us in proof of funds?

 

[Indian applicant]

Dear All

I have one question that while applying in FSW, i had shown PPF NSC Fixed deposits and PF. going to land in march 2015.

Now while landing, I am planning to take cash and bank draft of the same amount.
Can i use the funds shown in application? YESIf yes, do i have a need to show the transactions? NoCan we include the value of gold taking along with us in proof of funds?Normally not as it is sometimes not considered liquid funds

But at most times no one asks for the PoF while landing. strange though !

 

[rumel]

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[etcetera]

I need your advice regarding bringing money into Canada when landed. I was told that I need to declare the amount once it's more than 10,000 CND and the money bringing to the country at Port of Entry will not be taxed. My questions are:

1. Is there any maximum CASH limit?
2. If someone brings large amount of CASH along with BANK DRAFTS. Will that person be questioned by the officer about the source of money? Or they just don't care?
3. If someone decides to have another money be wired from overseas to Canada later on, the wired money will be taxed? How do the TAX department find out since the money will be wired directly from foreign country to Canada?

Your advise is greatly appreciated. Thanks in advance.

 

[emamabd]

I need your advice regarding bringing money into Canada when landed. I was told that I need to declare the amount once it's more than 10,000 CND and the money bringing to the country at Port of Entry will not be taxed. My questions are:

1. Is there any maximum CASH limit?
2. If someone brings large amount of CASH along with BANK DRAFTS. Will that person be questioned by the officer about the source of money? Or they just don't care?
3. If someone decides to have another money be wired from overseas to Canada later on, the wired money will be taxed? How do the TAX department find out since the money will be wired directly from foreign country to Canada?

Your advise is greatly appreciated. Thanks in advance.

1.) there is no maximum, you can even bring a million dollars or more (if you have this amount)
2.) Officers couldn't care less about the source of your funds, they just want to check if you meet the POF requirement or not. However later when you open a bank account, you can expect to be questioned about the source of funds.
3.) It will not be taxed

 

[steaky]

2.) Officers couldn't care less about the source of your funds, they just want to check if you meet the POF requirement or not. However later when you open a bank account, you can expect to be questioned about the source of funds.

No, you are wrong. Officers does care about the source of funds - whether or not it is money laundering related. Again, it really depends on the officer you encountered.

 

[saskatoon0929]

Hello all,

Question im from saskatoon saskatchewan and i applied my brother under sinp last april 2012. And thankfully got his immigrant visa two weeks ago. When i applied him the requirement of funds is only 10,000$ im kinda confused im reading 11k or something...

And can he bring 10k cash. Coz our bank is only local and not issuing bankdraft , we inquired in bpi but told us before they can issue bank draft the account should be open atleast 6 months.


Thank you very much and Godbless

 

[MSDEETAN]

Are we really asked to bring all declared settlement funds?can it be less than that?

 

[emamabd]

No, you are wrong. Officers does care about the source of funds - whether or not it is money laundering related. Again, it really depends on the officer you encountered.

Thanks Steaky for your input, could you explain the relation between immigration officers and money laundering?

I would be interested to know if the officer asked you for the source of your funds when you landed? Please share your experience.

 

[kabayan]

Are we really asked to bring all declared settlement funds?can it be less than that?

Supposedly yes. there are a lot of thread about that here especially the actual experiences of members here. Sometimes immigration does not ask nor count nor check. But having gone through a lot in your application would you risk it?

 

[xylene]

I have read many questions on whether the POF amount can be lower than the mandated amount.
My answer is "NO"
Your entry can be declined on that basis. In most cases, the officer would just take your word for it. That's how most things in this country are. You are expected to be honest.

Do you want to start a new life in this country with a lie? After spending endless hours, money and effort in processing this application, would you want to risk it?

 

[vinisha09]

Thanks Steaky for your input, could you explain the relation between immigration officers and money laundering?

I would be interested to know if the officer asked you for the source of your funds when you landed? Please share your experience.

customs department will question the source of funds.

 

[emamabd]

customs department will question the source of funds.

They didn't question me. I just had to sign the declaration form and that was it.

 

[vinisha09]

Hi, I have a little complicated situation. I was working in Canada when I have send my FSW application for PR and I had bank statement from BMO that I have $12000 CAD. Unfortunately company where I have worked was not able to secure LMIA for me and I am about to leave Canada soon. In the mean time I have received AOR but also to late to do the bridging of WP.
Now, what I would like to do is to withdraw money from BMO and bring it home and put it in my bank account at home since there is uncertainty that I will receive PR (like everyone else there is no 100% guaranty) and I don't want to go back to Canada to close my account. I want to close my account right now and not to wait until the PR decision is made because if it is negative, it would require one more trip to Canada and back. Is it ok to do that and send new POF to visa office?
Please advise, I really don't know what to do.

no need to be in canada tomanage your bank account
if you have online banking facility you can send your money to india from india itself. if you want to close the account -you can do so via net banking

 

[Regina]

Do you want to start a new life in this country with a lie? After spending endless hours, money and effort in processing this application, would you want to risk it?

Not only that but also how you expect to support yourself till you find a job? You cannot get a welfare as soon as you landed.