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Question - Proof of fund when first landing Canada

freewer88

Newbie
Aug 2, 2018
5
0
Anyone know if my situation below will cause problem when I land?

My PR is only one single person. When I applied for EE earlier this year (January) I had sufficient proof of fund for about $20k in U.S. checking/saving account and about $40K in an investment account (stock investment). However, I recently have invested almost all my cash in a real estate property (around May) so I will only have the stock investment account with steady balance around $40k.. Can I only show 6 months of statements for the investment account if asked when I first land for PR in Canada? Would this be sufficient?

Any help is appreciated
 

canuck78

VIP Member
Jun 18, 2017
21,889
4,939
Anyone know if my situation below will cause problem when I land?

My PR is only one single person. When I applied for EE earlier this year (January) I had sufficient proof of fund for about $20k in U.S. checking/saving account and about $40K in an investment account (stock investment). However, I recently have invested almost all my cash in a real estate property (around May) so I will only have the stock investment account with steady balance around $40k.. Can I only show 6 months of statements for the investment account if asked when I first land for PR in Canada? Would this be sufficient?

Any help is appreciated
No you have to show liquid settlement funds if asked. The whole point is that you need those liquid funds to support yourself in the initial months in Canada.
 

freewer88

Newbie
Aug 2, 2018
5
0
No you have to show liquid settlement funds if asked. The whole point is that you need those liquid funds to support yourself in the initial months in Canada.
What if all my stock investments are all cashable and can be sold right away for cash. I believe that would be okay?
 

canuck78

VIP Member
Jun 18, 2017
21,889
4,939
What if all my stock investments are all cashable and can be sold right away for cash. I believe that would be okay?
Don’t believe so but you can try to get away with it. You needed to submit liquid POF originally. The whole point is to assure people have the funds accessible when they land in Canada.