Proof of Funds

Thread Tools
 
Old Oct 22nd 2005, 7:35 pm
  #1  
Forum Regular
Thread Starter
 
iphillip's Avatar
 
Joined: Mar 2005
Location: Edinburgh, Scotland
Posts: 35
iphillip is an unknown quantity at this point
Default Proof of Funds

Hi All

We are planning to fly to Toronto on the 21st of November 05.
Before we book our flights, we were wondering if we could take a letter from our lawyer stating that x amount of funds will be paid into our account on the 2nd of December 05. We will have enough funds in the bank to cover us until the funds come through. Will this be exceptable for immigration in Toronto. Plan to call CIC London next week to confirm if this is ok.

It would save a lot of hassle and money not having to move into a hotel in the uk for 10 days. We have family in Canada that we are going to stay with until the funds come through.
iphillip is offline  
Old Oct 22nd 2005, 7:56 pm
  #2  
keep checking....
 
mhhp's Avatar
 
Joined: Aug 2004
Location: was Switzerland/Germany now BC Canada
Posts: 1,440
mhhp is a name known to allmhhp is a name known to allmhhp is a name known to allmhhp is a name known to allmhhp is a name known to allmhhp is a name known to allmhhp is a name known to allmhhp is a name known to allmhhp is a name known to allmhhp is a name known to allmhhp is a name known to all
Default Re: Proof of Funds

Originally Posted by iphillip
Hi All

We are planning to fly to Toronto on the 21st of November 05.
Before we book our flights, we were wondering if we could take a letter from our lawyer stating that x amount of funds will be paid into our account on the 2nd of December 05. We will have enough funds in the bank to cover us until the funds come through. Will this be exceptable for immigration in Toronto. Plan to call CIC London next week to confirm if this is ok.

It would save a lot of hassle and money not having to move into a hotel in the uk for 10 days. We have family in Canada that we are going to stay with until the funds come through.
In my case they accepted a statement fom my swiss bank, without even asking when the funds would be moved to Canada. But that may have been an exception, what do the experts say?
mhhp is offline  
Old Oct 22nd 2005, 10:52 pm
  #3  
 
Joined: May 2004
Posts: 8,984
Andrew Miller is an unknown quantity at this point
Default Re: Proof of Funds

Any kind of promises or promisory notes will not be accepted. Bring your bank statement from UK instead.


Originally Posted by iphillip
Hi All

We are planning to fly to Toronto on the 21st of November 05.
Before we book our flights, we were wondering if we could take a letter from our lawyer stating that x amount of funds will be paid into our account on the 2nd of December 05. We will have enough funds in the bank to cover us until the funds come through. Will this be exceptable for immigration in Toronto. Plan to call CIC London next week to confirm if this is ok.

It would save a lot of hassle and money not having to move into a hotel in the uk for 10 days. We have family in Canada that we are going to stay with until the funds come through.

Last edited by Andrew Miller; Oct 23rd 2005 at 12:35 am.
Andrew Miller is offline  
Old Oct 22nd 2005, 11:23 pm
  #4  
Forum Regular
 
ben1970's Avatar
 
Joined: Jul 2004
Location: Toronto
Posts: 147
ben1970 is an unknown quantity at this point
Default Re: Proof of Funds

One month old bank statement denominated in USD and Sterling worked fine for me......
ben1970 is offline  
Old Oct 23rd 2005, 6:55 am
  #5  
spring is coming yeha
 
steved61's Avatar
 
Joined: Oct 2005
Location: wasaga beach ont
Posts: 494
steved61 is just really nicesteved61 is just really nicesteved61 is just really nicesteved61 is just really nicesteved61 is just really nicesteved61 is just really nicesteved61 is just really nicesteved61 is just really nicesteved61 is just really nicesteved61 is just really nice
Default Re: Proof of Funds

Do you only need proof of money when you arrive in country or when applying for your visa? i will be moving to canada in about a 18mths and am just getting ready to apply for my visa but our cash is tied up in our house at the moment
steved61 is offline  
Old Oct 23rd 2005, 2:11 pm
  #6  
Forum Regular
 
ben1970's Avatar
 
Joined: Jul 2004
Location: Toronto
Posts: 147
ben1970 is an unknown quantity at this point
Default Re: Proof of Funds

Depends what category you apply under (i.e. proof of funds for business category is part of the requirements initially and so needs to be in your application, this is not the case for SW)

As I understand even if you haven't sold your house if you show a valuation of your house from a reputable source against the mortgage you owe this is OK at the border (you had better check this though with one of the lawyers).

For SW all you need to do is show proof of funds at the border as I understand, when you land.
ben1970 is offline  
Old Oct 23rd 2005, 3:38 pm
  #7  
 
Joined: May 2004
Posts: 8,984
Andrew Miller is an unknown quantity at this point
Default Re: Proof of Funds

Wrong!

Only few visa posts (London, Sudney for example) accept documented equity in home as proof of funds and only at the time of application. No such thing will be accepted when landing.


Originally Posted by ben1970
Depends what category you apply under (i.e. proof of funds for business category is part of the requirements initially and so needs to be in your application, this is not the case for SW)

As I understand even if you haven't sold your house if you show a valuation of your house from a reputable source against the mortgage you owe this is OK at the border (you had better check this though with one of the lawyers).

For SW all you need to do is show proof of funds at the border as I understand, when you land.
Andrew Miller is offline  
Old Oct 23rd 2005, 4:13 pm
  #8  
Forum Regular
 
ben1970's Avatar
 
Joined: Jul 2004
Location: Toronto
Posts: 147
ben1970 is an unknown quantity at this point
Default Re: Proof of Funds

Originally Posted by Andrew Miller
Wrong!

Only few visa posts (London, Sudney for example) accept documented equity in home as proof of funds and only at the time of application. No such thing will be accepted when landing.
LOL, that's why you are an immigration consultant and I am not.....
ben1970 is offline  
Old Oct 23rd 2005, 4:30 pm
  #9  
spring is coming yeha
 
steved61's Avatar
 
Joined: Oct 2005
Location: wasaga beach ont
Posts: 494
steved61 is just really nicesteved61 is just really nicesteved61 is just really nicesteved61 is just really nicesteved61 is just really nicesteved61 is just really nicesteved61 is just really nicesteved61 is just really nicesteved61 is just really nicesteved61 is just really nice
Default Re: Proof of Funds

Originally Posted by Andrew Miller
Wrong!

Only few visa posts (London, Sudney for example) accept documented equity in home as proof of funds and only at the time of application. No such thing will be accepted when landing.
Hi Andrew

i will be going over on a family visa(my wife is canadian) when we land at toronto we will have proof of funds as the house will be sold by then, but it is more at initial application stage that i am concerned i will not have the proof as i will not sell the house until i have my visa. do you know how this will work?

thanks steve
steved61 is offline  
Old Oct 23rd 2005, 9:10 pm
  #10  
Forum Regular
Thread Starter
 
iphillip's Avatar
 
Joined: Mar 2005
Location: Edinburgh, Scotland
Posts: 35
iphillip is an unknown quantity at this point
Default Re: Proof of Funds

Hi Andrew

Thanks for your comments.

But it says on the CIC website, You will need to provide proof of your funds when you submit your application for immigration.

All it says on our forms is that we must satisfy the immigration officer at the port of entry that we have the sufficent funds to support our family.

We will have enough funds to support us for a week until the money from the sale of our house will be in the bank.

So a letter from our lawyer will not be good enough ?

Regards

Ian
iphillip is offline  
Old Oct 24th 2005, 12:41 am
  #11  
 
Joined: May 2004
Posts: 8,984
Andrew Miller is an unknown quantity at this point
Default Re: Proof of Funds

If you are being sponsored family class member then you don't need any funds.


Originally Posted by steved61
Hi Andrew

i will be going over on a family visa(my wife is canadian) when we land at toronto we will have proof of funds as the house will be sold by then, but it is more at initial application stage that i am concerned i will not have the proof as i will not sell the house until i have my visa. do you know how this will work?

thanks steve
Andrew Miller is offline  
Old Oct 24th 2005, 12:42 am
  #12  
 
Joined: May 2004
Posts: 8,984
Andrew Miller is an unknown quantity at this point
Default Re: Proof of Funds

No, it won't be accepted, period.


Originally Posted by iphillip
Hi Andrew

Thanks for your comments.

But it says on the CIC website, You will need to provide proof of your funds when you submit your application for immigration.

All it says on our forms is that we must satisfy the immigration officer at the port of entry that we have the sufficent funds to support our family.

We will have enough funds to support us for a week until the money from the sale of our house will be in the bank.

So a letter from our lawyer will not be good enough ?

Regards

Ian
Andrew Miller is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off



Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service -

Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.