Settelement Fund

Old Nov 10th 2004, 8:35 am
  #1  
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Default Settelement Fund

Dear All;
I have put down in my application for immigration (a principal applicant and 3 dependents) that I would take CA$50,000 with me to Canada. Now I am leaving to canada soon and would not be able to take more than CA$35,000
Would there be any problem taking only CA$35,000?
Thanks
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Old Nov 10th 2004, 8:54 am
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Default Re: Settelement Fund

You'll be OK as long as you have proof of funds as required. Just make sure you can explain the difference.
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Old Nov 10th 2004, 9:07 am
  #3  
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Default Re: Settelement Fund

Originally Posted by mhhp
You'll be OK as long as you have proof of funds as required. Just make sure you can explain the difference.
What is the required fund in this case??
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Old Nov 11th 2004, 7:41 am
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Default Re: Settelement Fund

Originally Posted by ibi
What is the required fund in this case??
This is what the CIC website says

You must show that you have enough money to support yourself and your dependants after you arrive in Canada. You cannot borrow this money from another person. You must be able to use this money to support your family.

You will need to provide proof of your funds when you submit your application for immigration.

The amount of money that you need to have to support your family is determined by the size of your family.

Number of
Family
Members Funds Required
(in Canadian dollars)
1 $9,897
2 $12,372
3 $15,387
4 $18,626
5 $20,821
6 $23,015
7 or more $25,210

You do not have to show that you have these funds if you have arranged employment in Canada.
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Old Nov 12th 2004, 5:51 am
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Default Re: Settelement Fund

Originally Posted by mhhp
You'll be OK as long as you have proof of funds as required. Just make sure you can explain the difference.
You are required to have at least the minimum amount of funds required. It is unlikely they will ask you explain the difference.
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