Jinfu Li

Dear experts,

When I sent my application 18 months ago, I had $80,000, which
included bank statements and shares.I got my visa 6 months ago, and
I am preparing landing this November.
Although I worked very hard in last 18 months, I don't have that
amount anymore,( total asset market value is about 50,000) the reason
is :
1: the downturn of NASDAQ!!!
2: I have a new baby whom cost me fortune
3: my wife is doing a master degree

I don't want to sell my shares at this time. But in cash , I can only
bring 20,000 CAD during landing.

Will this number satisfy landing officer? do I have to sell my shares
to make the total amount readable?

Thank you!
Jinfu

Andrew Miller

Amount of funds available for transfer to Canada declared in the application
was one of the factors when evaluating your chances for successful
establishment in Canada, thus it had major impact on the decision making
process. You may be in troubles when landing without proof of being in the
possession of amount declared.

--

../..

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



"jinfu Li" wrote in message
news:fd93b936.0210011645.-
[email protected]...
    > Dear experts,
    > When I sent my application 18 months ago, I had $80,000, which
    > included bank statements and shares.I got my visa 6 months ago, and
    > I am preparing landing this November.
    > Although I worked very hard in last 18 months, I don't have that
    > amount anymore,( total asset market value is about 50,000) the reason
    > is :
    > 1: the downturn of NASDAQ!!!
    > 2: I have a new baby whom cost me fortune
    > 3: my wife is doing a master degree
    > I don't want to sell my shares at this time. But in cash , I can only
    > bring 20,000 CAD during landing.
    > Will this number satisfy landing officer? do I have to sell my shares
    > to make the total amount readable?
    > Thank you!
    > Jinfu

pkjmet

"Andrew Miller" wrote in message news:...
    > Amount of funds available for transfer to Canada declared in the application
    > was one of the factors when evaluating your chances for successful
    > establishment in Canada, thus it had major impact on the decision making
    > process. You may be in troubles when landing without proof of being in the
    > possession of amount declared.
    > --
    > ../..
    > Andrew Miller
    > Immigration Consultant
    > Vancouver, British Columbia
    > email: [email protected]
    > (delete REMOVE from the above address before sending email)
    > ________________________________
    > "jinfu Li" wrote in message
    > news:fd93b936.021001164-
    > [email protected]    ...
    > > Dear experts,
    > >
    > > When I sent my application 18 months ago, I had $80,000, which
    > > included bank statements and shares.I got my visa 6 months ago, and
    > > I am preparing landing this November.
    > > Although I worked very hard in last 18 months, I don't have that
    > > amount anymore,( total asset market value is about 50,000) the reason
    > > is :
    > > 1: the downturn of NASDAQ!!!
    > > 2: I have a new baby whom cost me fortune
    > > 3: my wife is doing a master degree
    > >
    > > I don't want to sell my shares at this time. But in cash , I can only
    > > bring 20,000 CAD during landing.
    > >
    > > Will this number satisfy landing officer? do I have to sell my shares
    > > to make the total amount readable?
    > >
    > > Thank you!
    > > Jinfu


I think AM is overstating the case. Amount of funds available for
settlement is not a selection factor under the old legislation for
independent applicants and was applied in a haphazard mannerwhen
persons landed. Under new legislation there is a requirement that you
have about $15000 for a family of three. If you have that amount and
can show it you should be okay when you land.

Jim Metcalfe, Consultant

bighead

while not trying to contradict andrew... if you are able to show $14280 (for a family of 3) which is the lico, you should be fine...

Andrew Miller

The issue here is that the original poster received visa as claimed 6 months
ago - it means IMM 1000 (landing paper) under the old law. If issuing visa post
entered into IMM 1000 the amount as declared in the application then showing
less money will result in at least some questioning. Poster claims that
majority of what was claimed in the application form was in the form of stocks
and other investments - so, why not to show the cash in at least required
minimum and evidence of existence of those investments?

But if there is no amount entered into IMM 1000 by visa post then nobody will
ask for more than required minimum.

--

../..

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



"bighead" wrote in message
news:431760.1033575622@britishexpats-
.com...
    > while not trying to contradict andrew... if you are able to show $14280
    > (for a family of 3) which is the lico, you should be fine...
    > Originally posted by Andrew Miller:
    > > Amount of funds available for transfer to Canada declared in the
    > > application
    > > was one of the factors when evaluating your chances for successful
    > > establishment in Canada, thus it had major impact on the decision
    > > making
    > > process. You may be in troubles when landing without proof of being in
    > > the
    > > possession of amount declared.
    > >
    > > --
    > >
    > > ../..
    > >
    > > Andrew Miller
    > > Immigration Consultant
    > > Vancouver, British Columbia
    > > email: [email protected]
    > > (delete REMOVE from the above address before sending email)
    > > ________________________________
    > >
    > >
    > >
    > > "jinfu Li" wrote in message
    > > news:fd93b936.0210011-
    > > [email protected]    "]news:fd93b936.02--
    > >
    > > 10011645.-
    > > [email protected][/url]...
    > > > Dear experts,
    > > > When I sent my application 18 months ago, I had $80,000, which
    > > > included bank statements and shares.I got my visa 6 months ago, and
    > > > I am preparing landing this November.
    > > > Although I worked very hard in last 18 months, I don't have that
    > > > amount anymore,( total asset market value is about 50,000) the
    > > > reason
    > > > is :
    > > > 1: the downturn of NASDAQ!!!
    > > > 2: I have a new baby whom cost me fortune
    > > > 3: my wife is doing a master degree
    > > > I don't want to sell my shares at this time. But in cash , I can
    > > > only
    > > > bring 20,000 CAD during landing.
    > > > Will this number satisfy landing officer? do I have to sell my
    > > > shares
    > > > to make the total amount readable?
    > > > Thank you!
    > > > Jinfu
    > --
    > Posted via http://britishexpats.com

Jinfu Li

Dear Jim and Andrew,
Thanks for your advice.
I just checked that I decared CAD $74,000 at the first place in
October 2000. I now have $20,000 cash in hand. and still have 36,000
in stock market if I sell it tomorrow.
Will this make the landing officer happy if I just show him/her
$20,000 cash and the $36,000 worth of share certificates?
Or I have to sell my shares now to prove that I still have 56,000 in
total?

My total spending plus share-loses has reached 6 figures in the last
two years. I feel lucky enough the fact that I still have 56,000 in
my account because I am on a salary of CAD $75,000 in London.
Unfortunately, my company just went burst , and no redundant payment.
Otherwise, I won't worry at all.

In my case, you can see my total assets drop from CAD $74,000 to
56,000.
I don't want to be embrassed in the landing day (which will be my
first day in Canada) and please tell me, in my case, will there be a
real problem?

Regards,
Jinfu

Andrew Miller

Please read carefully my previous post in this thread in reply to "bighead"...

To summarize - if there is an amount entered into your IMM 1000 then be
prepared to do some explaining and show the said $20,000 in liquid funds as
well as proof of having rest in shares. But if there is no amount filled into
IMM 1000 then you should be OK with just $20,000.

--

../..

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



"jinfu Li" wrote in message
news:fd93b936.0210021040-
[email protected]...
    > Dear Jim and Andrew,
    > Thanks for your advice.
    > I just checked that I decared CAD $74,000 at the first place in
    > October 2000. I now have $20,000 cash in hand. and still have 36,000
    > in stock market if I sell it tomorrow.
    > Will this make the landing officer happy if I just show him/her
    > $20,000 cash and the $36,000 worth of share certificates?
    > Or I have to sell my shares now to prove that I still have 56,000 in
    > total?
    > My total spending plus share-loses has reached 6 figures in the last
    > two years. I feel lucky enough the fact that I still have 56,000 in
    > my account because I am on a salary of CAD $75,000 in London.
    > Unfortunately, my company just went burst , and no redundant payment.
    > Otherwise, I won't worry at all.
    > In my case, you can see my total assets drop from CAD $74,000 to
    > 56,000.
    > I don't want to be embrassed in the landing day (which will be my
    > first day in Canada) and please tell me, in my case, will there be a
    > real problem?
    > Regards,
    > Jinfu

alubokara123456

again Andrew M is worng. on the border they just care about minimum amound.
Whatever amount you say, they are fine.


by the way what kind of consultant have time to post against all the issue.



"Andrew Miller" wrote in message news:...
    > Please read carefully my previous post in this thread in reply to "bighead"...
    > To summarize - if there is an amount entered into your IMM 1000 then be
    > prepared to do some explaining and show the said $20,000 in liquid funds as
    > well as proof of having rest in shares. But if there is no amount filled into
    > IMM 1000 then you should be OK with just $20,000.
    > --
    > ../..
    > Andrew Miller
    > Immigration Consultant
    > Vancouver, British Columbia
    > email: [email protected]
    > (delete REMOVE from the above address before sending email)
    > ________________________________
    > "jinfu Li" wrote in message
    > news:fd93b936.02100210-
    > [email protected]    ...
    > > Dear Jim and Andrew,
    > > Thanks for your advice.
    > > I just checked that I decared CAD $74,000 at the first place in
    > > October 2000. I now have $20,000 cash in hand. and still have 36,000
    > > in stock market if I sell it tomorrow.
    > > Will this make the landing officer happy if I just show him/her
    > > $20,000 cash and the $36,000 worth of share certificates?
    > > Or I have to sell my shares now to prove that I still have 56,000 in
    > > total?
    > >
    > > My total spending plus share-loses has reached 6 figures in the last
    > > two years. I feel lucky enough the fact that I still have 56,000 in
    > > my account because I am on a salary of CAD $75,000 in London.
    > > Unfortunately, my company just went burst , and no redundant payment.
    > > Otherwise, I won't worry at all.
    > >
    > > In my case, you can see my total assets drop from CAD $74,000 to
    > > 56,000.
    > > I don't want to be embrassed in the landing day (which will be my
    > > first day in Canada) and please tell me, in my case, will there be a
    > > real problem?
    > >
    > > Regards,
    > > Jinfu