Source of fund ..imp querry

[Vikash337]

Can i show source of fund as the provident fund that i have. This PF cut 10% of my basic salary and they add 10%.
Also since my wife is also in my allication as a spouse so can i show her income and ptovident fund. After all it is our money. She also saves some salary in citizen investment trust. Can i also show that.
Pl advise

 

[CanadaWeCome]

Can i show source of fund as the provident fund that i have. This PF cut 10% of my basic salary and they add 10%.
Also since my wife is also in my allication as a spouse so can i show her income and ptovident fund. After all it is our money. She also saves some salary in citizen investment trust. Can i also show that.
Pl advise

PF Yes, upto the withdrawal limit as per GOI
Can show spouse income if accompanying with a self declaration
Market related investments aren't acceptable for PoF

 

[Vikash337]

Thanks. So can i show PF and her savings as my source of fund. What docs and what is the process of making this doc.

 

[CanadaWeCome]

Thanks. So can i show PF and her savings as my source of fund. What docs and what is the process of making this doc.

Sorry...Cannot say as i myself have never done that...

Any other forum member who knows or may have the experience with please help!

 

[rohansekhri]

CIC needs your funds to be immediately available. Thus, PF is a source of fund, which can be withdrawn at any given point of time though up to a certain limit. Next are your bank accounts and fixed deposits [except the 5 year tax saving ones] are also valid POFs.

 

[satya10]

Even investments in debentures/stocks are accepted by CIC

 

[CanadaWeCome]

Even investments in debentures/stocks are accepted by CIC

Were you asking or saying?
Whatever...NO, not at all.

 

[sikkavarun]

I have sold some gold jewellery that I had and have the amount deposited in bank. I have the purchase receipts and sale receipts for the same and the bank statement also reflects the same. Will that be accepted?

 

[CanadaWeCome]

I have sold some gold jewellery that I had and have the amount deposited in bank. I have the purchase receipts and sale receipts for the same and the bank statement also reflects the same. Will that be accepted?

Definitely.

 

[satya10]

Canadawecome,

Pls check this link:
http://www.cic.gc.ca/english/immigrate/skilled/funds.asp
Can you share the official CIC link to support your statement.

 

[CanadaWeCome]

Canadawecome,

Pls check this link:
http://www.cic.gc.ca/english/immigrate/skilled/funds.asp
Can you share the official CIC link to support your statement.

I know that...Please read it again, that last topic is for "How much money should you bring?" to Canada and not for PoF. There is a difference.

 

[satya10]

I'm posting your earlier response for my post:

Even investments in debentures/stocks are accepted by CIC

 

[Asivad Anac]

I'm posting your earlier response for my post:

Even investments in debentures/stocks are accepted by CIC

Debenture/stocks are volatile assets - their value changes over time - cannot be used as POF. Can be taken to Canada after one has got PR though.