Landing Proof Of Funds - PR
 

I was wondering if someone could answer a question for me. We intend to land and have a reccie trip in May to activate our PR, but have to return to sell the house:thumbs_down: Unless house sells by then:rofl:

When we land do we have to show immigration the paperwork explaining:

1) proof of actual available funds in the bank
Or, 2) can we take paperwork showing equity that will come from the house (mortgage statement & house valuation) & endowment statement?

Obviously along with all the PR paperwork & goods to follow. If it is No.2, should this be listed as goods to follow?

Re: Landing Proof Of Funds - PR
 

Actual money I'm afraid.

Having said that, when we landed they never asked about it, just what we were carrying with us in cash.

Re: Landing Proof Of Funds - PR
 

We also landed to activate our status but went home a week later. Don't think we had to show proof of funds at that time. Struggling to think actually when or if we had to but that was in 20004/5

Re: Landing Proof Of Funds - PR
 

We landed at Calgary in 2008 and they didn't ask us

Re: Landing Proof Of Funds - PR
 

We landed a few weeks ago in Vancouver and are in the same boat as you (have to return to sell the house) I took an up to date copy of the mortgage statement and a copy of the sales details of the house ( which would show amount left) the immigration officer didnt want to see it. If I was you I would take similar just in case

Re: Landing Proof Of Funds - PR
 

Most people report having not been asked for proof of funds, but I have seen a few that have been asked so best to go prepared - the last thing you want is to be refused at the last hurdle!

They will *not* accept equity in a house at the landing stage, London will accept it for initial applications but when you come to land the funds *must* be unencumbered, meaning it literally has to be cash in your bank account. An ATM print out from the day or very recent bank account statement is what is required.

Good luck. :)

Re: Landing Proof Of Funds - PR
 

We just showed a bank statement. I dont think you can show equity in a house though as this doesnt physically exist. I may be wrong though.

Re: Landing Proof Of Funds - PR
 

Thank you all for your replies. I think we will play it safe and take a bank statement, mortgage statement and house details, to cover all bases.:)

Re: Landing Proof Of Funds - PR
 

I'd been living here for 3yrs (on a WP), so when it came time to 'land', via trip to the US border and back, needed to do the same.

Despite owning properties here, and a business, I still needed to show unencumbered funds (not just equity). Immigration were quite diligent checking that the money was available.

Re: Landing Proof Of Funds - PR
 

Presumably this was a Canadian bank?

Re: Landing Proof Of Funds - PR
 

Doesn't have to be, can be a bank account held anywhere in the world. :)

Re: Landing Proof Of Funds - PR
 

When we landed the nice man doin our paper worked said "how much money you got" we told him we had $900 on us and money to be transferd, he asked how much and wrote that down, he never asked to see proof.
Mybe you could borrow some £ put it in yor account, get a statment then give it back.;) MAYBEE?

Re: Landing Proof Of Funds - PR
 

No, it was in the UK.

Re: Landing Proof Of Funds - PR
 

one less thing to worry aboot then eh?

Re: Landing Proof Of Funds - PR
 

Sorry to sound horribly sensible but it does state on CIC website that the funds cannot be borrowed - now I realise they probably won't find out and you would get away with it but just had to mention it as the voice of caution!