Landing - Proof of Funds

Old Dec 27th 2009, 9:38 am
  #16  
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Default Re: Landing - Proof of Funds

Originally Posted by JonboyE
You have to the proof of funds when you land, and these have to be in a form available or your use.

Although landing then going back to your home country is allowed, it is not how the system is designed. Most immigrants land when they move to Canada to live, therefore they need to show sufficient money to keep them until they find work. Thus the need to show available funds.

The immigration officers don't always ask to see proof of funds, but of course, they might, and if you can't show it then you might be rejected. In theory, the funds cannot be borrowed but, in you circumstances, it might be an idea to organize your capital to ensure that your bank statement shows the available funds when you are ready to land.
Hi JonboyE,

Thank you for your reply.
My plan is to sell the house and have the equity in the bank before landing. I was just curious.

Many thanks
Binty
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Old Jan 2nd 2010, 3:19 pm
  #17  
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Default Re: Landing - Proof of Funds

Originally Posted by JonboyE
You have to the proof of funds when you land, and these have to be in a form available or your use.

Although landing then going back to your home country is allowed, it is not how the system is designed. Most immigrants land when they move to Canada to live, therefore they need to show sufficient money to keep them until they find work. Thus the need to show available funds.

The immigration officers don't always ask to see proof of funds, but of course, they might, and if you can't show it then you might be rejected. In theory, the funds cannot be borrowed but, in you circumstances, it might be an idea to organize your capital to ensure that your bank statement shows the available funds when you are ready to land.
Bugger it. I don't have the full 10k here, only 3 of it. What about pay slips? I have a job, pays $1.5k every two weeks, after tax, wouldn't that be sufficient funds?
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Old Jan 2nd 2010, 6:59 pm
  #18  
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Default Re: Landing - Proof of Funds

Originally Posted by omro
Bugger it. I don't have the full 10k here, only 3 of it. What about pay slips? I have a job, pays $1.5k every two weeks, after tax, wouldn't that be sufficient funds?
Not an expert, but I think that as you are already resident and have a job in Canada you may not have to have the settlement funds to hand ..... Just take proof of that with you?

I'm sure someone will correct me if I'm wrong though ...
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