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| Subject: Roy ? What exactly are "unecumbered " funds ? |
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On my PR application it mentions that funds taken to Canada should be "unencumbered". What does that mean exactly ?
Let me give you guys some examples :
1)Suppose I owned investment properties. Would I have to sell them before moving to Canada ? The condos are not "free and clear" but they are income generating nonetheless.
2)What if I took a $500 000 bank loan once my PR visa was approved and had this money wired to me in Canada from abroad ?
Would this be OK ? What would be the CICs take on this ? Revenue Canada ?
Thanks guys,
CastAway
[14-03-2007,00:54]
[***.239.19.64]
CastAway |
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(in reply to: Roy ? What exactly are "unecumbered " funds ?)
You can go to any OnLine dictionary and look up the words. Anyways how are you Castaway?
[14-03-2007,18:34]
[**.52.216.191]
Roy |
(in reply to: Roy ? What exactly are "unecumbered " funds ?)
Hi Roy. I?m doin OK, decided to apply for my PR visa. I?m currently scraping together my $12 000 worth of settlement money and probably will be sending my application in next month.
[15-03-2007,12:55]
[***.239.19.23]
CastAway |
Subject: Roy ? What exactly are "unecumbered " funds ? (in reply to: Roy ? What exactly are "unecumbered " funds ?)
Hi there Roy !
I want to thank you for your great advice man! I also want to tell you that I recieved my Canadian PR visa last month :) It was a long wait(started application process in 2007). I want to thank Sharon for her advice as well (can you pass it on to her?).
God bless and thank you so much Roy.
CastAway
[05-07-2009,23:48]
[***.236.176.247]
CastAway |
