Proof of Funds

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Old Nov 7th 2002, 8:00 pm
  #1  
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Default Proof of Funds

Hello!

I want to apply for permanent residence, but right now I don't have enough funds to show them right now - (I will have it by the time when I'll be "entering" Canada as a resident - in fact I'm already in Canada). I heard that some people do the following: they ask their friends/realtives to write a notarized guarantee letter that they are willing to give an applicant a certain sum of money at his/her first request (and also submit their bank statement as a proof). I have a friend in London who will do that for me, but will that look ok for an immigration officer? We can say also the this friend owes this money to me. In fact he'll give me this money should I really need it without asking for it back and he'll sign any papers to prove that (so I'm not borrowing), so there is nothing illegal here, but right now we can't take it out from his high percent savings account.

Thanks
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Old Nov 7th 2002, 10:38 pm
  #2  
Andrew Miller
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Default Re: Proof of Funds

You heard rumors...

New law clearly requires to provide proof of funds with the application - it is
a pre-requisite. If no proof of funds provided then application is rejected
without processing. More - money must be yours, not borrowed, completely
unencumbered and readily transferable in a convertible currency. "I Owe You"
notes or anything to that respect will not work, so forget it.

--

../..

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

For confidential phone consultation go here:

http://members.yahoo.liveadvice.com/andrewmiller_canada
________________________________


"annajri" wrote in message
news:[email protected]...
    > Hello!
    > I want to apply for permanent residence, but right now I don't have
    > enough funds to show them right now - (I will have it by the time when
    > I'll be "entering" Canada as a resident - in fact I'm already in
    > Canada). I heard that some people do the following: they ask their
    > friends/realtives to write a notarized guarantee letter that they are
    > willing to give an applicant a certain sum of money at his/her first
    > request (and also submit their bank statement as a proof). I have a
    > friend in London who will do that for me, but will that look ok for an
    > immigration officer? We can say also the this friend owes this money to
    > me. In fact he'll give me this money should I really need it without
    > asking for it back and he'll sign any papers to prove that (so I'm not
    > borrowing), so there is nothing illegal here, but right now we can't
    > take it out from his high percent savings account.
    > Thanks
    > --
    > Posted via http://britishexpats.com
 
Old Nov 8th 2002, 5:25 pm
  #3  
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Default

actually my very close friends did that, so not really rummors..... but under the old law though.

That wouldn't be borrowed money - it's mine, but I'm interested to keep it there, because it gives us more interest if we keep it together. I could transfer it to my account, but I need to apply before I can do it (my friend would need to give two-months notice to a bank). Besides, I'll never need to take that money out (unless some kind of emergency happens). I work and I'll have enough on my account by the time (if) I'll be granted PR. So, you definitely say that a notorized letter with such an explanation wouldn't help?
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Old Nov 8th 2002, 6:21 pm
  #4  
Andrew Miller
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Default Re: Proof of Funds

You already clearly stated in your first post that it will be your friend
"giving you money" - so, you wanted to commit a fraud by submitting false
information with your application. Now you are trying to cover your tracks by
saying that it is your money - you may be sure that it will raise red flag and
ring all alarm bells when you do something like this. Many did it under the old
law and this is why new law made funds requirements much stricter.

--

../..

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

For confidential phone consultation go here:

http://members.yahoo.liveadvice.com/andrewmiller_canada
________________________________


"annajri" wrote in message
news:[email protected]...
    > actually my very close friends did that, so not really rummors..... but
    > under the old law though.
    > That wouldn't be borrowed money - it's mine, but I'm interested to keep
    > it there, because it gives us more interest if we keep it together. I
    > could transfer it to my account, but I need to apply before I can do it
    > (my friend would need to give two-months notice to a bank). Besides,
    > I'll never need to take that money out (unless some kind of emergency
    > happens). I work and I'll have enough on my account by the time (if)
    > I'll be granted PR. So, you definitely say that a notorized letter with
    > such an explanation wouldn't help?
    > --
    > Posted via http://britishexpats.com
 
Old Nov 11th 2002, 3:47 pm
  #5  
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Default Attn.: Mr. Miller

Hello!

In the end, my mother is willing to help me with this money issue but not really a lot. However, she can't put it on my account in my home country (I don't have any bank account in my home country, and she can't open it without me, and I'm in Canada). Neither wants she to transfer this money to my account here, because she'd give up a lot of interest by doing that. Besides, I got a letter from immigration authorities today (I asked them a question about how can I prove my funds) and they told that it can be any document for now. What can be done about this without touching this freaking money now? You said no guarantee letters are acceptable, but if it is from my mom? And she can write whatever is needed..... Please, this is my only restriction from applying, and I can't start making money before I finish my degree!!!!!
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Old Nov 11th 2002, 4:53 pm
  #6  
Andrew Miller
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Default Re: Proof of Funds

Again - your mom's money is not yours and as such will not be accepted as proof
of funds. It has to be your money and in your account, period.

--

../..

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

For confidential phone consultation go here:

http://members.yahoo.liveadvice.com/andrewmiller_canada
________________________________


"annajri" wrote in message
news:[email protected]...
    > Hello!
    > In the end, my mother is willing to help me with this money issue but
    > not really a lot. However, she can't put it on my account in my home
    > country (I don't have any bank account in my home country, and she can't
    > open it without me, and I'm in Canada). Neither wants she to transfer
    > this money to my account here, because she'd give up a lot of interest
    > by doing that. Besides, I got a letter from immigration authorities
    > today (I asked them a question about how can I prove my funds) and they
    > told that it can be any document for now. What can be done about this
    > without touching this freaking money now? You said no guarantee letters
    > are acceptable, but if it is from my mom? And she can write whatever is
    > needed..... Please, this is my only restriction from applying, and I
    > can't start making money before I finish my degree!!!!!
    > --
    > Posted via http://britishexpats.com
 
Old Nov 11th 2002, 5:33 pm
  #7  
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Default difficult....

Thank you so much. I'd think so too. So she'd need to transfer this money to my account if she really wants to help? This way it becomes mine. Would that do? The only concern is that she might need them at some point of time, not for sure and not now, but things happen, and my parents are not getting younger. Would that be OK if I give it back to her in case of emergency - I'd give her my own money in that case even if she didn't give anything to me before, in the end she's my mother. Aren't they human, those immigration officers?
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Old Nov 11th 2002, 8:36 pm
  #8  
Andrew Miller
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Default Re: Proof of Funds

It is not about "being humans" - it is about the regulatory requirement which
is really a pre-requisite. Law clearly states that you must have at least
minimum amount of funds as specified, that funds must be yours and not borrowed
and that you must provide proof of such with the application. "Being human" has
nothing to do with it. And you are still talking about getting money from
someone (regardless who it is) - so, you obviously don't have your own money
and thus you don't qualify to apply in the first place.

--

../..

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

For confidential phone consultation go here:

http://members.yahoo.liveadvice.com/andrewmiller_canada
________________________________


"annajri" wrote in message
news:[email protected]...
    > Thank you so much. I'd think so too. So she'd need to transfer this
    > money to my account if she really wants to help? This way it becomes
    > mine. Would that do? The only concern is that she might need them at
    > some point of time, not for sure and not now, but things happen, and my
    > parents are not getting younger. Would that be OK if I give it back to
    > her in case of emergency - I'd give her my own money in that case even
    > if she didn't give anything to me before, in the end she's my mother.
    > Aren't they human, those immigration officers?
    > --
    > Posted via http://britishexpats.com
 
Old Nov 11th 2002, 9:37 pm
  #9  
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Default

I TOTALLY agree, I appreciate your advice.... This is all about regulations which I really want to obey - this is in my own interests. But what money is considered to be my own money? Do they have regulations with this regard? I ask because I can't find any. I don't mean to be rude, I swear by God, but there are so many legal ways people get money in this world - they not only work, but play in casino, win in lotteries, get presents and inherit fortunes from rich relatives, ask their boyfriends for dimond rings (can be sold afterwards and money put on the account as proof of funds:-))) Honestly, where do the money have to come from to be mine, according to the REGULATIONS? And, OK, I show them that I have money now, who can guarantee that right after I apply for PR I'll not go to bars and buy shampaigne for all the city to celebrate or deside to get married and go around the world for a honeymoon? Please, forgive me these silly jokes, but this is the only way to cope with stress right now....
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Old Nov 11th 2002, 10:24 pm
  #10  
Andrew Miller
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Default Re: Proof of Funds

During the application process (especially when interview is required) you'll
be asked to bring updated proof of funds and bank statements for past 12
months. So, if there will be only a deposit shortly prior to application
followed by withdrawal and then nothing until the new deposit just before the
interview then you'll have a lot of explaining to do and officer may not buy
it. You started this thread with idea of having someone else (a friend or
relative to write you a promissory note or something) - you are fishing my
friend. Do you have money or not? If not then forget it, period. Unless you
have arranged employment and got points for it in your PR application process -
in such case funds are not required.

--

../..

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

For confidential phone consultation go here:

http://members.yahoo.liveadvice.com/andrewmiller_canada
________________________________


"annajri" wrote in message
news:[email protected]...
    > I TOTALLY agree, I appreciate your advice.... This is all about
    > regulations which I really want to obey - this is in my own interests.
    > But what money is considered to be my own money? Do they have
    > regulations with this regard? I ask because I can't find any. I don't
    > mean to be rude, I swear by God, but there are so many legal ways people
    > get money in this world - they not only work, but play in casino, win in
    > lotteries, get presents and inherit fortunes from rich relatives, ask
    > their boyfriends for dimond rings (can be sold afterwards and money put
    > on the account as proof of funds:-))) Honestly, where do the money have
    > to come from to be mine, according to the REGULATIONS? And, OK, I show
    > them that I have money now, who can guarantee that right after I apply
    > for PR I'll not go to bars and buy shampaigne for all the city to
    > celebrate or deside to get married and go around the world for a
    > honeymoon? Please, forgive me these silly jokes, but this is the only
    > way to cope with stress right now....
    > --
    > Posted via http://britishexpats.com
 
Old Nov 12th 2002, 12:53 am
  #11  
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Sorry, it seems that my questions upset you. No, I'm not fishing. I'm a professional with two post graduate degrees and brilliant work experience. As soon as I finish my degree in Canada (spring next year), I'll start my job here under temporary work permit. I already have a job offer on hand. I realize that it will not bring me any points. But by the time of my interview I'll have a lot more money than required. I want to get my immigration papers in asap because I don't know if next year I'll still be allowed to apply in Buffalo. If they make me apply through my home country = good 5 years of waiting. I can't afford that.
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Old Nov 12th 2002, 1:51 am
  #12  
Andrew Miller
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Default Re: Proof of Funds

Again - without acceptable proof of funds your application will be refused
without further processing. If you have problems gathering all the money you
need then don't apply now - concentrate on your degree, then get a
post-graduate work permit, start working and apply for regular work permit
which will give you extra points and no funds requirement. What's the rush?

--

../..

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

For confidential phone consultation go here:

http://members.yahoo.liveadvice.com/andrewmiller_canada
________________________________


"annajri" wrote in message
news:[email protected]...
    > Sorry, it seems that my questions upset you. No, I'm not fishing. I'm a
    > professional with two post graduate degrees and brilliant work
    > experience. As soon as I finish my degree in Canada (spring next year),
    > I'll start my job here under temporary work permit. I already have a job
    > offer on hand. I realize that it will not bring me any points. But by
    > the time of my interview I'll have a lot more money than required. I
    > want to get my immigration papers in asap because I don't know if next
    > year I'll still be allowed to apply in Buffalo. If they make me apply
    > through my home country = good 5 years of waiting. I can't afford that.
    > --
    > Posted via http://britishexpats.com
 
Old Nov 12th 2002, 2:32 am
  #13  
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Joined: Oct 2002
Posts: 67
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Default

I was going to do exactly this. But they say that in the New Year I'll not be able to apply through Buffalo. That will be the end of it.

Besides, I'm allowed to work here for just one year after my graduation under this E08 thing, so if I don't apply now, I'll have to leave the country before I get my PR. There is no guarantee that I'll get this regular work permit. What are the chances? Also, my employer asks - well, you'll stay with us for this year, what's next? Will we be able to have you after that? And, you know, with what's going on in the market isn't so good, from my part I'd wonder will they want to have me after that? You never know.... and I'm that type of a person who doesn't want to take chances, I need to do whatever I can here and now to improve my future. In the end, if I get all the research jobs at the university now (this is the only place I'm allowed to apply my skills before I graduate:-) - I'll have this much money pretty soon. It's not that I don't have it at all, I just need to add a little extra. To tell you the thruth, I'd go as family class, but I decided to show HIM that I can do it myself...... all people have their little stories, don't they:-)
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Old Nov 12th 2002, 2:39 am
  #14  
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Honestly, if somebody could tell me that yes, 100% you will be able to apply through Buffalo after December 2002, there'd be no rush at all......
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Old Nov 12th 2002, 3:34 am
  #15  
Andrew Miller
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Default Re: Proof of Funds

Who told you that you won't be able to apply through Buffalo after January? You
are lawfully admitted to Canada for more than 12 months, so you can apply
through Buffalo as long as you are here.

Now what really bothers me is your strange pessimistic attitude about not being
able to get regular work permit - if you cannot imagine doing it then how do
you imagine getting a job anyway after becoming a PR? A PR status won't
guarantee you a job...

--

../..

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

For confidential phone consultation go here:

http://members.yahoo.liveadvice.com/andrewmiller_canada
________________________________


"annajri" wrote in message
news:[email protected]...
    > I was going to do exactly this. But they say that in the New Year I'll
    > not be able to apply through Buffalo. That will be the end of it.
    > Besides, I'm allowed to work here for just one year after my graduation
    > under this E08 thing, so if I don't apply now, I'll have to leave the
    > country before I get my PR. There is no guarantee that I'll get this
    > regular work permit. What are the chances? Also, my employer asks -
    > well, you'll stay with us for this year, what's next? Will we be able to
    > have you after that? And, you know, with what's going on in the market
    > isn't so good, from my part I'd wonder will they want to have me after
    > that? You never know.... and I'm that type of a person who doesn't want
    > to take chances, I need to do whatever I can here and now to improve my
    > future. In the end, if I get all the research jobs at the university now
    > (this is the only place I'm allowed to apply my skills before I
    > graduate:-) - I'll have this much money pretty soon. It's not that I
    > don't have it at all, I just need to add a little extra. To tell you
    > the thruth, I'd go as family class, but I decided to show HIM that I can
    > do it myself...... all people have their little stories, don't they:-)
    > --
    > Posted via http://britishexpats.com
 


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