|
|
| Subject: Landing Funds |
|
|
|
Hi
We are just about to start the process of applying from the UK. However, since we don´t actually have the landing funds readily available, I wasn´t sure whether we should. The bulk of our money is tied up in our home, which of course we would sell upon moving to Canada. The money we would make on the house (less any outstanding mortgage) would be more than enough for the required landing fund. And of course if immigration looked at our financial status at the moment they would see a large debt as we still have a lot outstanding on the mortgage.
Many thanks for any replies.
[24-10-2004,12:21]
Helen |
|
(in reply to: Landing Funds)
Settlement Funds must be liquid and readily available funds.
This has to be supported with proof of funds such as bank certs and passbooks.
[25-10-2004,00:01]
bruce |
(in reply to: Landing Funds)
Hi Helen,
You will need to have 11-12k CAD for a family of 2, or about 15k CAD for 3-persons (2-adults+1-infant/child). You will need to arrange to show this funds in a readily available form, such as bank certs.
I can think of some possiblities for you:
1. Apply right now, quickly, from the UK.
2. Indicate the funds that you will be taking along when you enter Canada (12k or 15k).
3. Once they process your appln they will ask for prrof of funds...and so you have a few months to get that ready.....
4. And you will need them again when you land there/enter actually.
5. Your house/asset might not be very important during the application processing stage, although it might add up to your personal worth, in the next phase of appln.
hope it helps.
[25-10-2004,00:36]
BVS |
Landing Funds (in reply to: Landing Funds)
Thanks for your replies.
I´ve looked into it some more and found that for the purposes of the application form property does count.
If anyone else is interested is on page 21 of
http://www.cic.gc.ca/english/pdf/kits/guides/EG7.pdf
[26-10-2004,11:09]
Helen |
landing funds (in reply to: Landing Funds)
Hi, I have a question regarding landing Canada. I know from the web-site that, at the port of entry I have to show cash US $12,000 for a family of three members. But, right now I do not have enough cash of US $12,000. Moreover, I want to land Canada soon because my Canadian Immigration visa will expire during winter, when it is too cold in Canada. Therefore, if I visit the port of entry with less amount of money, do you think the immigration officer will allow me to enter, since I will not stay Canada right now, just going to land and I have one year of valid full time job in the Oak Ridge National Laboratory, USA? If they allow me how much will be the minimum amount? Of course I think I can visit the Detroit port of entry and ask them, if they do not allow me then I can come back without landing Canada. But I want to avoid this big hassle if I know it before I visit Detroit.
Once again thank you very much for all of your kind cooperation.
Soumitra Barua, PhD
Postdoctoral Research Associate
Oak Ridge National Laboratory
211 West Vanderbilt Drive
Oak Ridge, TN 37830
Home phone: (865) 482-0595
[17-10-2005,20:40]
[**.6.57.226]
Soumitra Barua |
(in reply to: Landing Funds)
In order to land you do need to show proof of funds, for the full amount. I have heard of people not having to show proof on landing, though this is more of an ommission by the immigration officer than standard practice. Though the money is supposed to be your own and not a loan, you maybe able to get away with borrowing it for landing, as they won´t ask to see your full banking history.
For more opinions I suggest you try www.britishexpats.com as it is quite a big community of people heading to Canada. Try the Canadian Immigration Forum, rather than the Canada lifestyle.
Regards, Helen
[18-10-2005,16:09]
[**.12.151.9]
Helen |
|
