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| Subject: Landing Fee |
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Hai all,
I have given my medicals and was wondering about the next steps.
I am planning to land in Canada with My wife: and was told to show a minimum balance of 12000CAD in the account.
My question is do we need to keep this money in the account only during the time of landing or will it be sufficient to have few required thousand dollars in my account. Or how it is usually done??
I have applied from Dubai pls advise me.
Rgds,
Kiran
[20-03-2005,01:33]
[***.229.241.187]
Kiran |
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(in reply to: Landing Fee)
The settlement fund is required at the time of landing. Immigration officer may ask you to show the funds (ofcourse not in cash; but maybe in form of traveler checks or other form).
What you do with these once you are a PR is upto you; the funds are for your own protection and help to settle down - incase things don´t work out as you wanted them to.
[20-03-2005,01:38]
[**.89.69.179]
***** |
(in reply to: Landing Fee)
You show the money in Travellers check(some of it) and more in the bank accounts
[20-03-2005,01:38]
[**.146.150.99]
Anonymous |
(in reply to: Landing Fee)
Yes you are right; however you have to remember many come from India where the money in bank is no good. I mean in terms of conversion of foreign currency. You need to bring all in a go when you travel.
You can´t convert Indian Rupee in foreign currency once you have left the country by sending letters. Immigration officers understand that and may create problems on this issue. However, it is unlikely to refuse someone who has traveled from as far as India on this basis, but why take that chance.
What you suggest works with countries which don?t have currency restrictions ? like the US, UK, France etc. You can transfer funds electronically easily; however not from India where you ought to have special accounts which local residents can?t have to transfer funds electronically.
So I encourage residents from countries which have currency restriction to enquire method before they depart.
[20-03-2005,01:52]
[**.89.69.179]
***** |
(in reply to: Landing Fee)
I am told in some countries where the currency cannot be converted, or you are restricted about how much you can take out of the country at one time... that you take your PR documents to the bank and they are obligated to release your required currency.
[20-03-2005,02:38]
[***.20.170.23]
sharon |
(in reply to: Landing Fee)
Yes Sharon,
That is why I mean many applicants such from India who do not have foreign accounts are restricted to fly in with travel checks. Immigration officials know and are aware of these facts.
Moreover, it is a hassle to get money converted later (i.e. after you have already left the country); the banks don´t convert your accounts into foreign accounts until you are a PR of another country.
In case of applicants from US; bank account statements and check book of these are as good as cash. So I don´t think you really need to carry all of the money in that case in travel checks.
Also please ensure when traveling from US to declare the currency you carry if it is above US$ 10,000 - it is the law and you can possible endanger imprisonment and forfeiture of the amount you carry if you don´t declare it.
[20-03-2005,14:37]
[**.249.224.177]
***** |
(in reply to: Landing Fee)
before you travel, make sure your currency is convertible. Many countries do not allow thier currency to leave the country. It is a question you should ask as your back. Euros, US dollars, Yen (?) are all OK. the rest... you should plan to convert your funds into Canadian travellers cheques before leaving.
[20-03-2005,15:40]
[***.20.170.23]
sharon |
(in reply to: Landing Fee)
To answer question of Kiran - i.e. from Dubai I know the currency is AED which is fully convertable and there are no restrictions of how much you want to bring in or take out of the UAE.
I´d advise you to see your requirements. Many applicants without knowing convert into US$ and bring them to other countries where you end up paying double transaction costs (as US$ is not the local currency). Remmember banks and travel kiosks make you pay through nose for conversions.
In your case Kiron, make a CD deposits in a multi-national bank like HSBC, CitiBank in C$ demonination and carry the reciepts with you. Once settled in Canada you can easily transfer funds in your local bank without paying transaction charges again. The proof of these deposits are sufficient at the immigration. You can also carry credit cards (Visa, MC) and couple of hundered in Cash and about two thousand in travel checks (ofcourse in C$).
I hope it helps.
[20-03-2005,16:03]
[**.151.171.1]
***** |
(in reply to: Landing Fee)
My fiance is coming from one of those countries with unconvertible currency. what a pain. I have endlessly searched the internet and there are no Canadian banks in his country. (everywhere else but there.)
The only thing he can do is pay outrageous fees to a bandit bank for Canadian travellers cheques. Even then, unless he has is PR documents with him, they will only let him convert $3,000 per year. He figures it will take a week to get his finances ready to travel.
Do not be tempted to get US dollars. You will pay to convert in your home country, and then you will pay again in Canada to convert to Canadian dollars. between the fluctuating currency and the split between the buy and sell rate you lose, lose, lose.
[20-03-2005,17:08]
[***.20.170.23]
sharon |
(in reply to: Landing Fee)
You are right Sharon. How did he show the required funds? I know he is an independent class which you mentioned before. How does applicants in his country come with funds?
[20-03-2005,21:23]
[**.249.225.180]
***** |
(in reply to: Landing Fee)
he just provided the bank statement showing dinar with the current conversion rate. Because the dinar is tied to the US dollar we have been badly hit with rising Canadian dollar rates.
Odd... I can send him dinar through western union but not through the banks. Western union are thieves. I think he can send me dollars through western union but only very small amounts.
[20-03-2005,22:21]
[***.20.170.23]
sharon |
(in reply to: Landing Fee)
I did not answer all of your question. I expect that he will convert all his cash into Canadian funds travellers cheques. ka-ching, ka-ching, ka-ching. If he is short his landing fees at the airport - too bad. they can come to my house and get it!
[20-03-2005,22:24]
[***.20.170.23]
sharon |
