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Proof of 'Landing Funds" >>>

myishika

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May 2, 2010
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Dear All,

I guess this link will also help you answer your queries regarding the POF

http://www.settlement.org/sys/faqs_detail.asp?faq_id=4000258

Cheers
 

mperei02

Hero Member
Aug 1, 2010
414
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Sydney, Australia
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Currently ECAS shows in process since 26 Aug 2011
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Waived
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13 Jan 2012
VISA ISSUED...
16 Jan 2012
LANDED..........
May 2012....returned Nov 2012
Will funds from my Superannuation - Australia be accepted as proof of funds? Cheers Manny
 

Sam2Canada

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Jan 4, 2010
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New Delhi
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02/02/2010
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12/09/2010
Qorax

Is there any POF guideline for one who lands with job? I am landing in September. I managed to get intra company transfer to Toronto from India. My company will give me $3,000 CAD before leaving India along with job transerfer letter where my annual salary with be clearly mentioned. I am landing with my wife and a kid.

Thanks
Sam
 

ramosorevitno

Full Member
Jun 22, 2010
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London
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7426
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10-06-2005
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15-07-2005
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done
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done
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done
Med's Done....
20-02-2009, 12-05-2010
Interview........
waived
Passport Req..
12-07-2010
VISA ISSUED...
05-09-2010
LANDED..........
Hopefully this December...
qorax said:
Proof of 'Landing' Funds:
-Do we take the Bank Statement or otherwise ?

How Much needed to Show at the Airport/POE :
No. of Pax ........... Funds Reqd-CAD
1 ....................... $11,086
2 ....................... $13,801
3 ....................... $16,967
4 ....................... $20,599
5 ....................... $23,364
6 ....................... $26,350
7 or more ........... $29,337

Is it necessary to carry the P.O.F. while 'Landing' ?
100%. A part of the 'Record of Landing' "Interview" is to ensure 'sustainability' in Canada by the applicant. The IO must ensure that you carry enough funds [based on LICO] which will help you settle easily, w/out any burden on Canadian Social Services. Remember, except for 'refugees' under the Refugees Protection Act, Canada doesn't offer financial assistance for any other categories of applicants.

Irrespective of the no. of family members performing the 1st landing, the entire POF [as per the chart above] must be shown to the IO at the POE. Subsequent 'landings' by the 'accompanying dependents' do not need to show the POF.

That means, whether the PA alone or one or more of his family members are 'landing' for the 1st time, the above funds are required. It's another matter whether the IO at the POE doesn't ask for it [very often that happens]. But, w/out the POF our entry can be 'Denied'.

Bank Statement/s as POF:
This issue has been dealt in detail [recurs frequently] here. The fact remains that we will actually need those monies once we land. Under avg, & usual circumstances -the POF described by the CIC is a necessity to survive in Canada, w/out a job, for approx. 6 months. Thus, in all earnestness we 'must' carry the 'landing funds' in a 'liquid' format* -easily accessible anytime upon landing.

Now, not all Bank Statements would be acceptable for 'landing'. There are instances when a Bank Statement was negated and the applicant was denied entry. I learnt it from the various forums & listening to the experiences of some families in Canada. Most 3rd world bank's statements will not be acceptable. Some examples were given, but I refrain to put-it-up here.

However, the statement/s of banks from UK, US, Norway, ANZ etc. were accepted in quite a few cases [I know of one personally]. Also, statement/s of International Banks [having a presence in Canada] were acceptable, viz. HSBC, Stanchart, RBC etc. But again, one case stated that their Citibank Statement was not accepted.

Now, here's a dichotomy. Our landing is supposed to be one of the most beautiful experiences of our lifetime. We have given our entirety to this process, didn't we? Something we had been looking forward to -for quite sometime now. What if a particular IO refuses to accept our bank statement?

Well, we have learnt that many of the bank's statement they do accept, but what if? And then, would we be running around towards all the possible hierarchy in the CBSA at the POE for a solution -which might come by, for sure? But won't that mar the thrills of our 'long-awaited-anticipated' first-foot into the Canadian soil? Do we take that chance? Is it that important to carry the bank statement than expect to come-out of the airport, with the family & kids, in 30-45 minutes, smoothly?

*I recommend carrying them in 1)Some Cash, 2)TCs & 3)a Bank Draft [it takes about 30+ days to encash that]. -all the 3 formats [only], No Bank Statement/s.

Note: Also to reiterate that all Immigration Consultants will tell you to carry 'only' one or more of the 3 above. They wouldn't advice you to take a bank statement, why? -Check-it out with some of them.

I hope that helped...
Qorax

Ps: This is just a personal opinion. Others may differ & offer a better advice.
Hi,
We are a family of 4.

Is the fund per family or I can carry above 20k and my wife another 10k...will this do the trick?

Br,
ramosorevitno
 

copola

Newbie
Jul 9, 2010
6
0
Dear qorax /or anyone, help??
I am currently living in a country where exporting money is restricted , what can i do to show the fund at POE,???? and i have a sister in Canada, is there anyway where a Canadian relative shows the POF for me since i can't export money from my country??? please help??
thank you in advance
 

qorax

VIP Member
Nov 21, 2009
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copola said:
Dear qorax /or anyone, help??
I am currently living in a country where exporting money is restricted , what can i do to show the fund at POE,???? and i have a sister in Canada, is there anyway where a Canadian relative shows the POF for me since i can't export money from my country??? please help??
thank you in advance
I've noticed on this forum that Bangladesh doesn't permit carrying Forex beyond a paltry sum. Similar could be your country too. But note that this provision is only for carrying "Cash" out of the country, not for "Bank Drafts" (I guess). So, why don't u visit your bank & obtain a draft for the POF?

Alternatively, u can always ask your Sis to make a draft for u from a Canadian bank & mail it to u. Note that the BSO@the POE isn't interested to know how & from where u obtained it. Till the time u have a bank draft of the required amount u r free to go. The catch here is that the said draft must be in one of your accompanying family member's name. It cannot be in your Sis's name.

Qorax
 

sukh420

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Apr 14, 2010
473
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Sydney (AUS)
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[color=green]Waived[/color]
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03-2012
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03-2012
LANDED..........
05-2012[img]http://factoryjoe.s3.amazonaws.com/emoticons/emoticon-0123-party.gif[/img]
Hi Qorax

Thanks for your posts and we are learning a lot of things, Just wanna know that I am about to send POF to VO with full docs, I am attaching My bank certificate, Salary slips and tax summary of previous two years, would that be enough to show visa officer that money is mine. Thanks
 

qorax

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Nov 21, 2009
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sukh420 said:
Hi Qorax

Thanks for your posts and we are learning a lot of things, Just wanna know that I am about to send POF to VO with full docs, I am attaching My bank certificate, Salary slips and tax summary of previous two years, would that be enough to show visa officer that money is mine. Thanks
Yes, u should be fine with that.
 

sukh420

Hero Member
Apr 14, 2010
473
39
124
Melbourne, Australia
Category........
Visa Office......
Sydney (AUS)
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6241
Job Offer........
Pre-Assessed..
App. Filed.......
04-2010
Doc's Request.
07-2010
AOR Received.
07-2010
IELTS Request
07-2010
File Transfer...
07-2010
Med's Request
01-2012
Med's Done....
01-2012
Interview........
[color=green]Waived[/color]
Passport Req..
03-2012
VISA ISSUED...
03-2012
LANDED..........
05-2012[img]http://factoryjoe.s3.amazonaws.com/emoticons/emoticon-0123-party.gif[/img]
qorax said:
Yes, u should be fine with that.
thx Qorax for quick reply, gr8
 

Romford

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Jul 15, 2009
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Oct 4, 2010......
Hi qorax,
I know you already touched this point, but once more please. I am UK based with HSBC account, what do you think, would statement be accepted as POF? also should I book Flight and hotel together or hotel separate online.
Kind Regards
 

qorax

VIP Member
Nov 21, 2009
9,523
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Brampton, Canada
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London
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May-2010
Romford said:
Hi qorax,
I know you already touched this point, but once more please. I am UK based with HSBC account, what do you think, would statement be accepted as POF? also should I book Flight and hotel together or hotel separate online.
Kind Regards
HSBC-UK statement might be accepted, but if doesn't -u r in a limbo. The fact remains that Canada wants to see your funds@hand, so that u don't end up in misery upon landing. The choice is yours.

BA's hotel combo looks to be pricier, plus has a limited choice. I was weighing that front as well. However, online u'd definitely find nicer options. Check Expedia & Trip Advisor...

Qorax
 

Romford

Star Member
Jul 15, 2009
147
17
London, UK
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London
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4131
Job Offer........
Pre-Assessed..
App. Filed.......
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Med's Request
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Med's Done....
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Passport Req..
April 10, again July 10
VISA ISSUED...
July 10
LANDED..........
Oct 4, 2010......
qorax said:
HSBC-UK statement might be accepted, but if doesn't -u r in a limbo. The fact remains that Canada wants to see your funds @ hand, so that u don't end up in misery upon landing. The choice is yours.

BA's hotel combo looks to be pricier, plus has a limited choice. I was weighing that front as well. However, online u'd definitely find nicer options. Check Expedia & Trip Advisor...

Qorax
Thanks alot qorax for such a quick response. ta
 

copola

Newbie
Jul 9, 2010
6
0
qorax said:
I've noticed on this forum that Bangladesh doesn't permit carrying Forex beyond a paltry sum. Similar could be your country too. But note that this provision is only for carrying "Cash" out of the country, not for "Bank Drafts" (I guess). So, why don't u visit your bank & obtain a draft for the POF?

Alternatively, u can always ask your Sis to make a draft for u from a Canadian bank & mail it to u. Note that the BSO @ the POE isn't interested to know how & from where u obtained it. Till the time u have a bank draft of the required amount u r free to go. The catch here is that the said draft must be in one of your accompanying family member's name. It cannot be in your Sis's name.

Qorax


Thank you Qorax,you've been very helpful , Keep up the Good work!!!!
 

copola

Newbie
Jul 9, 2010
6
0
qorax said:
I've noticed on this forum that Bangladesh doesn't permit carrying Forex beyond a paltry sum. Similar could be your country too. But note that this provision is only for carrying "Cash" out of the country, not for "Bank Drafts" (I guess). So, why don't u visit your bank & obtain a draft for the POF?

Alternatively, u can always ask your Sis to make a draft for u from a Canadian bank & mail it to u. Note that the BSO @ the POE isn't interested to know how & from where u obtained it. Till the time u have a bank draft of the required amount u r free to go. The catch here is that the said draft must be in one of your accompanying family member's name. It cannot be in your Sis's name.

Qorax
Dear Qorax
BTW in my country(Ethiopia) even the bank drafts are restrcited to paltry sum but ,,,depending on the case,E.g person going abroad to get medical care.one can get more than that sum but for immigration even banks(which are all non international) wont give anyone a bankdraft of such amount.
i am waiting for medicals now but when the time comes i will make my sis mail me a bankdraft as you suggested,and later export my money part by part as there is no other way,
Thanks again