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Self-Employed Application 2018

typeaimages

Star Member
Apr 1, 2020
100
31
Could someone who has gotten through the process take a look at my funds/net worth and let me know if this looks ok or if I should be concerned?

Net Worth: $292,673 (CAN)
Landing Funds: $40,000 (CAN)
I have a family of 5 and the guidelines for the self-employed stream seem so arbitrary, so I don't know if they'll see that as decent fund-wise or not?

A lot of our landing funds are from a inheritance that we received. Will that work against us?
 

ParuMani

Star Member
Feb 23, 2020
74
11
Could someone who has gotten through the process take a look at my funds/net worth and let me know if this looks ok or if I should be concerned?

Net Worth: $292,673 (CAN)
Landing Funds: $40,000 (CAN)
I have a family of 5 and the guidelines for the self-employed stream seem so arbitrary, so I don't know if they'll see that as decent fund-wise or not?

A lot of our landing funds are from a inheritance that we received. Will that work against us?
Net worth.. Is it liquid funds which can be transferred to canada for business.. They are very keen on the transferring funds quickly
 

ParuMani

Star Member
Feb 23, 2020
74
11
Could someone who has gotten through the process take a look at my funds/net worth and let me know if this looks ok or if I should be concerned?

Net Worth: $292,673 (CAN)
Landing Funds: $40,000 (CAN)
I have a family of 5 and the guidelines for the self-employed stream seem so arbitrary, so I don't know if they'll see that as decent fund-wise or not?

A lot of our landing funds are from a inheritance that we received. Will that work against us?
110 k cad liquid and 300k cad net worth as of date,, more inheritance family property after a few years
We have shown around this amount but still not sure if its enough to get the application through..
 

typeaimages

Star Member
Apr 1, 2020
100
31
Net worth.. Is it liquid funds which can be transferred to canada for business.. They are very keen on the transferring funds quickly
A large portion of the net worth is in a money market account/IRA....which we can access but it would be with a tax penalty.

In my business narrative I explained that with the nature of my business, I would need very little funds to actually get the business up and running, as I already own the equipment necessary and therefore would just need to invest in marketing.
 
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j708angel

Member
Sep 11, 2019
16
3
A large portion of the net worth is in a money market account/IRA....which we can access but it would be with a tax penalty.

In my business narrative I explained that with the nature of my business, I would need very little funds to actually get the business up and running, as I already own the equipment necessary and therefore would just need to invest in marketing.
$40,000 (CAN) for landing funds seems not enough for a family of 5 especially during pandemic when lots of local Canadians lost their jobs. I'm a family of two, I was suggested by a consultant to prepare at least 60k CAD liquid funds. But I prepared 200k CAD landing funds to optimize my Chance to show them that in case the business plan doesn't work well in the first 1-2 years, I can still live well in Canada, not taking locals' job opportunities.
You may calculate the landing funds based on the living expense of your landing city. If you choose Vancouver, then 3000CAD monthly living expense for a family of 5 is very basic.
 
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typeaimages

Star Member
Apr 1, 2020
100
31
$40,000 (CAN) for landing funds seems not enough for a family of 5 especially during pandemic when lots of local Canadians lost their jobs. I'm a family of two, I was suggested by a consultant to prepare at least 60k CAD liquid funds. But I prepared 200k CAD landing funds to optimize my Chance to show them that in case the business plan doesn't work well in the first 1-2 years, I can still live well in Canada, not taking locals' job opportunities.
You may calculate the landing funds based on the living expense of your landing city. If you choose Vancouver, then 3000CAD monthly living expense for a family of 5 is very basic.
My lawyer said they base it off the Express Entry proof of funds, which for a family of 5 is $27,315?

We are looking to land in Nova Scotia, so I'm hoping they'll take the cost of living there into consideration.
 
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comerunning19

Hero Member
Sep 12, 2019
310
90
Hi bro and sis,

Please wish us luck as we will be attending an interview in early November :)
Our timeline so far to share with you...

2019-11-2x: Submitted application
2019-12-1x: AOR CIO + biometrics request
2019-12-2x: Biometrics submitted
2019-12-3x: AOR LVO

2020-09-2x: Invitation to Interview, request for supplementary information and police certificate
2020-09-2x: Submitted supplementary information
2020-10-1x: Medical request
2020-10-2x: Uploaded police cert application proof (the actual certs will be sent to LVO directly by police)
2020-10-2x: Medical done

We expected medical request to come after the interview but it just popped up one day in between. Hopefully it indicates something positive...? :oops:

If everything goes well, we will share further information later...
 

typeaimages

Star Member
Apr 1, 2020
100
31
Hi bro and sis,

Please wish us luck as we will be attending an interview in early November :)
Our timeline so far to share with you...

2019-11-2x: Submitted application
2019-12-1x: AOR CIO + biometrics request
2019-12-2x: Biometrics submitted
2019-12-3x: AOR LVO

2020-09-2x: Invitation to Interview, request for supplementary information and police certificate
2020-09-2x: Submitted supplementary information
2020-10-1x: Medical request
2020-10-2x: Uploaded police cert application proof (the actual certs will be sent to LVO directly by police)
2020-10-2x: Medical done

We expected medical request to come after the interview but it just popped up one day in between. Hopefully it indicates something positive...? :oops:

If everything goes well, we will share further information later...
This is great! Where did you apply through? Good to see things moving for people!
 

praxs4u

Star Member
Nov 17, 2018
58
10
41
Mumbai, India
Hi bro and sis,

Please wish us luck as we will be attending an interview in early November :)
Our timeline so far to share with you...

2019-11-2x: Submitted application
2019-12-1x: AOR CIO + biometrics request
2019-12-2x: Biometrics submitted
2019-12-3x: AOR LVO

2020-09-2x: Invitation to Interview, request for supplementary information and police certificate
2020-09-2x: Submitted supplementary information
2020-10-1x: Medical request
2020-10-2x: Uploaded police cert application proof (the actual certs will be sent to LVO directly by police)
2020-10-2x: Medical done

We expected medical request to come after the interview but it just popped up one day in between. Hopefully it indicates something positive...? :oops:

If everything goes well, we will share further information later...
Best of Luck...after interview please share with u.........

Regards
Prakash
 

ParuMani

Star Member
Feb 23, 2020
74
11
Hi bro and sis,

Please wish us luck as we will be attending an interview in early November :)
Our timeline so far to share with you...

2019-11-2x: Submitted application
2019-12-1x: AOR CIO + biometrics request
2019-12-2x: Biometrics submitted
2019-12-3x: AOR LVO

2020-09-2x: Invitation to Interview, request for supplementary information and police certificate
2020-09-2x: Submitted supplementary information
2020-10-1x: Medical request
2020-10-2x: Uploaded police cert application proof (the actual certs will be sent to LVO directly by police)
2020-10-2x: Medical done

We expected medical request to come after the interview but it just popped up one day in between. Hopefully it indicates something positive...? :oops:

If everything goes well, we will share further information later...
Wow.. Medicals done.. Thats good news.. Hope you guys prepare well for the interview.. Good luck
 

Mayakassem

Star Member
Oct 10, 2018
71
18
46
Category........
BUSINESS
Hi bro and sis,

Please wish us luck as we will be attending an interview in early November :)
Our timeline so far to share with you...

2019-11-2x: Submitted application
2019-12-1x: AOR CIO + biometrics request
2019-12-2x: Biometrics submitted
2019-12-3x: AOR LVO

2020-09-2x: Invitation to Interview, request for supplementary information and police certificate
2020-09-2x: Submitted supplementary information
2020-10-1x: Medical request
2020-10-2x: Uploaded police cert application proof (the actual certs will be sent to LVO directly by police)
2020-10-2x: Medical done

We expected medical request to come after the interview but it just popped up one day in between. Hopefully it indicates something positive...? :oops:

If everything goes well, we will share further information later...
Best of luck for your interview... hope things will go smooth and easy. Show that you are still having the intent and ability to open your business successfully and to participate to the canadian economy by offering business opportunities to canadians, at least for one position.
We will be waiting to hear from you soon
 

Palamon

Star Member
Feb 12, 2019
60
29
Hi bro and sis,

Please wish us luck as we will be attending an interview in early November :)
Our timeline so far to share with you...

2019-11-2x: Submitted application
2019-12-1x: AOR CIO + biometrics request
2019-12-2x: Biometrics submitted
2019-12-3x: AOR LVO

2020-09-2x: Invitation to Interview, request for supplementary information and police certificate
2020-09-2x: Submitted supplementary information
2020-10-1x: Medical request
2020-10-2x: Uploaded police cert application proof (the actual certs will be sent to LVO directly by police)
2020-10-2x: Medical done

We expected medical request to come after the interview but it just popped up one day in between. Hopefully it indicates something positive...? :oops:

If everything goes well, we will share further information later...

Congratulations! Which country have you applied from?
 

typeaimages

Star Member
Apr 1, 2020
100
31
Are there any numbers out there that show how many people apply through the Self-Employed Stream? I've seen the numbers that show how many they approve a year (it's....not a lot.) but I'm curious if it's not a lot because no one uses this stream?
 

j708angel

Member
Sep 11, 2019
16
3
Hi bro and sis,

Please wish us luck as we will be attending an interview in early November :)
Our timeline so far to share with you...

2019-11-2x: Submitted application
2019-12-1x: AOR CIO + biometrics request
2019-12-2x: Biometrics submitted
2019-12-3x: AOR LVO

2020-09-2x: Invitation to Interview, request for supplementary information and police certificate
2020-09-2x: Submitted supplementary information
2020-10-1x: Medical request
2020-10-2x: Uploaded police cert application proof (the actual certs will be sent to LVO directly by police)
2020-10-2x: Medical done

We expected medical request to come after the interview but it just popped up one day in between. Hopefully it indicates something positive...? :oops:

If everything goes well, we will share further information later...
Congratulations! Your timeline is really quick and it's very good sign to get an interview invitation. I submitted mine in Jan 3rd 2020 , after the AOR CIO & biometrics there no more progress.