Proof of 'Landing Funds" >>>

[mikenz]

hello im travelling on august to canada as a single candidate n.. how much amount exactly do i need to take with me ther? and how? if draft then how much in draft and how much cash plz detail me.

Go to page 1 of this thread, it is all explained here.

 

[sk540]

Thanks rizmayo and msaeed... plz guide me how can I use my provident fund as proof of funds?
or is it necessary to show in the form of bank statement only?

I would be really thankful if some one can clarify this query.. need urgent advice.

Regards

 

[emamabd]

hello im travelling on august to canada as a single candidate n.. how much amount exactly do i need to take with me ther? and how? if draft then how much in draft and how much cash plz detail me.

the amount for 1 person is $11,824 - you could carry the amount either cash or draft or a mix of both ...basically the choice is yours.

http://www.cic.gc.ca/english/immigrate/skilled/funds.asp

 

[rizmayo]

I would be really thankful if some one can clarify this query.. need urgent advice.

Regards

I don't think your application will be rejected on this basis of this, especially if the letter says this amount is available to you whenever you need it.

However, the second time you are asked for updated POF (before giving visa) it will have to be in the form of bank statement and that amount should be in your account.

This is my opinion only, based on similar cases I have read about (giving property evaluation, etc. as POF at time of application) and have not encountered specifically someone using provident fund as POF.

Regards,

 

[sk540]

I don't think your application will be rejected on this basis of this, especially if the letter says this amount is available to you whenever you need it.

However, the second time you are asked for updated POF (before giving visa) it will have to be in the form of bank statement and that amount should be in your account.

This is my opinion only, based on similar cases I have read about (giving property evaluation, etc. as POF at time of application) and have not encountered specifically someone using provident fund as POF.

Regards,

Thanks alot rizmayo.. God bless you

 

[gnxredstar]

A friend of mine and me are having a debate, its about the CAD$14,000 as POF he will be bringing in to Canada.

1) My stand is to bring it in through Bank draft and cash 50/50 of the POF required

2) His stand is to bring it in ALL IN COLD CANADIAN CASH (money). And he is determined to do so.

I told him that there might be a chance that he might be questioned where the CAD$ came from and if he fails to prove he got it from a legit source he might have problems. Of course I told him to declare it through the declaration form.

Is this possible that he might be questioned in the CBSA of the CAD$14,000.00 he will be bringing in?

Thanks in advance for your answers in this matter.

 

[mikenz]

A friend of mine and me are having a debate, its about the CAD$14,000 as POF he will be bringing in to Canada.

1) My stand is to bring it in through Bank draft and cash 50/50 of the POF required

2) His stand is to bring it in ALL IN COLD CANADIAN CASH (money). And he is determined to do so.

I told him that there might be a chance that he might be questioned where the CAD$ came from and if he fails to prove he got it from a legit source he might have problems. Of course I told him to declare it through the declaration form.

Is this possible that he might be questioned in the CBSA of the CAD$14,000.00 he will be bringing in?

Thanks in advance for your answers in this matter.

Why would he fail to prove it is legit? Is he from a dodgy country? I don't see any issue either way as long as he has the money and declares it.

 

[akbardxb]

A friend of mine and me are having a debate, its about the CAD$14,000 as POF he will be bringing in to Canada.

1) My stand is to bring it in through Bank draft and cash 50/50 of the POF required

2) His stand is to bring it in ALL IN COLD CANADIAN CASH (money). And he is determined to do so.

I told him that there might be a chance that he might be questioned where the CAD$ came from and if he fails to prove he got it from a legit source he might have problems. Of course I told him to declare it through the declaration form.

Is this possible that he might be questioned in the CBSA of the CAD$14,000.00 he will be bringing in?

Thanks in advance for your answers in this matter.

He can carry as much cash as his exit country will let him carry out as currency and he feels comfortable carrying it and declares it on arrival.

Unless he is printing those bank notes at home, he will have a receipt from an exchange house / bank to show the transaction.

It is safer to carry a Draft - if lost, it can be replaced, cash cannot be.

 

[rizmayo]

A friend of mine and me are having a debate, its about the CAD$14,000 as POF he will be bringing in to Canada.

1) My stand is to bring it in through Bank draft and cash 50/50 of the POF required

2) His stand is to bring it in ALL IN COLD CANADIAN CASH (money). And he is determined to do so.

I told him that there might be a chance that he might be questioned where the CAD$ came from and if he fails to prove he got it from a legit source he might have problems. Of course I told him to declare it through the declaration form.

Is this possible that he might be questioned in the CBSA of the CAD$14,000.00 he will be bringing in?

Thanks in advance for your answers in this matter.

No people carry a lot more cash then this and have never been asked questions about the source of the funds.

The problem will occur when he brings in that cash and does not have form E677 filled and stamped by CBSA, then he will then have a hard time depositing that large amount in a new bank account, as they will want proof he brought the amount in to the country legally.

Regards,

 

[mute_man]

A friend of mine and me are having a debate, its about the CAD$14,000 as POF he will be bringing in to Canada.

1) My stand is to bring it in through Bank draft and cash 50/50 of the POF required

2) His stand is to bring it in ALL IN COLD CANADIAN CASH (money). And he is determined to do so.

I told him that there might be a chance that he might be questioned where the CAD$ came from and if he fails to prove he got it from a legit source he might have problems. Of course I told him to declare it through the declaration form.

Is this possible that he might be questioned in the CBSA of the CAD$14,000.00 he will be bringing in?

Thanks in advance for your answers in this matter.

carried 14k couple of days ago, no questions asked!!

 

[pie_vancouver]

Thanks rizmayo and msaeed... plz guide me how can I use my provident fund as proof of funds?
or is it necessary to show in the form of bank statement only?

of course you can use your provident fund, I used this as my POF
just ask your employer to give you a statement

 

[sk540]

of course you can use your provident fund, I used this as my POF
just ask your employer to give you a statement

Thanks.. yes I ve asked my employer to provide pf statement.. hopefully will get it by today.. remaining amount will be covered by my bank statrment.

 

[mr.Hope]

GUYS, Has anyone opened scotia account from India and once scotia bank gives account number, do they allow funds transfer through RTGS from an INDIAN BANK (SBI ) to that new scotia account number. could someone throw some advice on this.
Thank you.

 

[xylene]

GUYS, Has anyone opened scotia account from India and once scotia bank gives account number, do they allow funds transfer through RTGS from an INDIAN BANK (SBI ) to that new scotia account number. could someone throw some advice on this.
Thank you.

Hello Mr Hope,
I opened an account with Scotia in India and transferred money from my domestic account using 'Foreign Money transfer'. The branch would help you do this, if this option is not available online. You can make a one time wire transfer to Scotia before activating the account ( you can activate it only after you land here)

Hope this helps.

 

[mr.Hope]

Hello Mr Hope,
I opened an account with Scotia in India and transferred money from my domestic account using 'Foreign Money transfer'. The branch would help you do this, if this option is not available online. You can make a one time wire transfer to Scotia before activating the account ( you can activate it only after you land here)

Hope this helps.

Many thanks for the info anyway could you please advice me on this one too.

I have just received my BANK account no from scotiabank, calgary. with couple of brochures.
thing is I called up the LOCAL scotia bank branch in Hyderabad, INDIA and inquired with them, on how many days it would take to deposit the funds and if I have to come to the branch for collecting the receipt and letter, then the BANK staff said they won't be providing me any letter or receipt and I don't have to come to the branch since its been opened directly. I am really confused at this point.

even though my SBI bank will do the transfer to my scotia bank acc, will the receipt and letter from SBI will be sufficient enough for POF ?

please give me some advice.