funds

Old Sep 28th 2003, 4:50 am
  #1  
Michael Gomersall
Guest
 
Posts: n/a
Default funds

Hi,

What type of funds do immigration officials take into account when
making a judgment. The reason i ask is that i dont have much savings but i
do own an house with equity in it, which if successful, I would sell to help
me settle in canada.
It seems to make sense to me that they should consider this providing a
recent mortgage statement and independent valuation report is submitted as
evidence of funds. After all if i am accepted as a PR in Canada, I worn't be
needing an house in the UK. I plan to apply under the skilled worker class
and i don't have an offer of a job in Canada.

Thanks,

Michael
 
Old Sep 28th 2003, 5:11 am
  #2  
Andrew Miller
Guest
 
Posts: n/a
Default Re: funds

Instruction is quite clear - readily transferable funds in convertible
currency must be documented by bank statements, fixed deposit confirmation,
etc.

Real estate doesn't count as you may have equity in it today but tomorrow
that equity may be gone.

--

../..

Andrew Miller
Immigration Consultant
Vancouver, British Columbia
email: [email protected]
(delete REMOVE from the above address before sending email)
________________________________


"Michael Gomersall" <[email protected]> wrote in message
news:[email protected]...
    > Hi,
    > What type of funds do immigration officials take into account when
    > making a judgment. The reason i ask is that i dont have much savings but i
    > do own an house with equity in it, which if successful, I would sell to
help
    > me settle in canada.
    > It seems to make sense to me that they should consider this providing
a
    > recent mortgage statement and independent valuation report is submitted as
    > evidence of funds. After all if i am accepted as a PR in Canada, I worn't
be
    > needing an house in the UK. I plan to apply under the skilled worker class
    > and i don't have an offer of a job in Canada.
    > Thanks,
    > Michael
 
Old Sep 28th 2003, 5:30 am
  #3  
Wojciech Skrzypinski
Guest
 
Posts: n/a
Default Re: funds

"Michael Gomersall" <[email protected]> wrote in
news:[email protected]:

/cut.../

    > After all if i am accepted as a PR in
    > Canada, I worn't be needing an house in the UK. I plan to apply under
    > the skilled worker class and i don't have an offer of a job in Canada.

Of course that makes sense... but the immigration law seems totally inflexible
    :-(

Wojtek

--
Remove >>>usun<<< and dot replying via e-mail.
 
Old Sep 28th 2003, 9:24 am
  #4  
Colin
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Posts: n/a
Default Re: funds

you need enough funds to live for a minimum of 6 Months based on your
location in Canada and how many in your family ALL assets will be
considered. Also what job classification you are skilled in and if you are
on the NOC list. you should hire a consultant it is worth the money.

--

www.canadianimmigrationinstitute.com


"Michael Gomersall" <[email protected]> wrote in message
news:[email protected]...
    > Hi,
    > What type of funds do immigration officials take into account when
    > making a judgment. The reason i ask is that i dont have much savings but i
    > do own an house with equity in it, which if successful, I would sell to
help
    > me settle in canada.
    > It seems to make sense to me that they should consider this providing
a
    > recent mortgage statement and independent valuation report is submitted as
    > evidence of funds. After all if i am accepted as a PR in Canada, I worn't
be
    > needing an house in the UK. I plan to apply under the skilled worker class
    > and i don't have an offer of a job in Canada.
    > Thanks,
    > Michael
 
Old Sep 28th 2003, 10:13 am
  #5  
Robert
Guest
 
Posts: n/a
Default Re: funds

Hi Colin would suggest you get the web site updated. Not very informative.

"Colin" <[email protected]> wrote in message
news:[email protected]...
    > you need enough funds to live for a minimum of 6 Months based on your
    > location in Canada and how many in your family ALL assets will be
    > considered. Also what job classification you are skilled in and if you are
    > on the NOC list. you should hire a consultant it is worth the money.
    > --
    > www.canadianimmigrationinstitute.com
    > "Michael Gomersall" <[email protected]> wrote in message
    > news:[email protected]...
    > > Hi,
    > >
    > > What type of funds do immigration officials take into account when
    > > making a judgment. The reason i ask is that i dont have much savings but
i
    > > do own an house with equity in it, which if successful, I would sell to
    > help
    > > me settle in canada.
    > > It seems to make sense to me that they should consider this
providing
    > a
    > > recent mortgage statement and independent valuation report is submitted
as
    > > evidence of funds. After all if i am accepted as a PR in Canada, I
worn't
    > be
    > > needing an house in the UK. I plan to apply under the skilled worker
class
    > > and i don't have an offer of a job in Canada.
    > >
    > > Thanks,
    > >
    > > Michael
    > >
    > >
 
Old Sep 28th 2003, 11:10 am
  #6  
Andrew Miller
Guest
 
Posts: n/a
Default Re: funds

Looks like you need to refresh your knowledge about immigration rules. When
it comes to amount of settlement funds required - destination in Canada is
no longer relevant, real estate doesn't count, occupation won't make any
difference, period. Reading relevant subsection of Section 76 of Regulations
would be a good idea:

-------------------------------------------------------
76(1)(b) the skilled worker must

(i) have in the form of transferable and available funds, unencumbered by
debts or other obligations, an amount equal to half the minimum necessary
income applicable in respect of the group of persons consisting of the
skilled worker and their family members, or

(ii) be awarded the number of points referred to in subsection 82(2) for
arranged employment in Canada within the meaning of subsection 82(1).
-------------------------------------------------------

--

../..

Andrew Miller
Immigration Consultant
Vancouver, British Columbia
email: [email protected]
(delete REMOVE from the above address before sending email)
________________________________



"Colin" <[email protected]> wrote in message
news:[email protected]...
    > you need enough funds to live for a minimum of 6 Months based on your
    > location in Canada and how many in your family ALL assets will be
    > considered. Also what job classification you are skilled in and if you are
    > on the NOC list. you should hire a consultant it is worth the money.
    > --
    > www.canadianimmigrationinstitute.com
 

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