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Old 02-29-2004, 06:43 PM   #1 (permalink)
Kapil Dev
 
Posts: 18
Default Documentation on funds - Mr Miller/ Mr Jim

I am applying under skilled worker class. My father has sold his
ancestral property and from the sale proceeds he has given CAD 12000
for immigration purposes.

This amount is deposited into a bank as a fixed deposit receipt and
the bank has issued a non encumbrance certificate for the same. In
addition I have the fixed deposits receipt copies notarised. The
deposits are made for a period of 3 years and the banks non
encumbrance letter states that it can be withdrawn on request.

Do I need to provide any additional documentation to the immigration
officers? Do I need to prove the source of funds? If so, in my case
what can be the documentation that I can provide along with my
application.

Thanks
Kapil Dev
 

Old 02-29-2004, 08:08 PM   #2 (permalink)
Andrew Miller
 
Posts: 4198
Default Re: Documentation on funds - Mr Miller/ Mr Jim

No, you don't need to document the source. You'll be OK as long as account
is in your name and money is yours. Providing of course that funds are also
in convertible currency, readily available not only for withdrawal but also
for taking it out of the country as per your country's currency transfer
restrictions, if any.
__________________

../..

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


"Kapil Dev" <> wrote in message
news:...
    > I am applying under skilled worker class. My father has sold his
    > ancestral property and from the sale proceeds he has given CAD 12000
    > for immigration purposes.
    > This amount is deposited into a bank as a fixed deposit receipt and
    > the bank has issued a non encumbrance certificate for the same. In
    > addition I have the fixed deposits receipt copies notarised. The
    > deposits are made for a period of 3 years and the banks non
    > encumbrance letter states that it can be withdrawn on request.
    > Do I need to provide any additional documentation to the immigration
    > officers? Do I need to prove the source of funds? If so, in my case
    > what can be the documentation that I can provide along with my
    > application.
    > Thanks
    > Kapil Dev
 
Old 03-01-2004, 04:35 AM   #3 (permalink)
Cody
 
Posts: 28
Default Re: Documentation on funds - Mr Miller/ Mr Jim

"Andrew Miller" <> wrote in message news:<Wws0c.35665$A12.32422@edtnps84>...
    > No, you don't need to document the source. You'll be OK as long as account
    > is in your name and money is yours. Providing of course that funds are also
    > in convertible currency, readily available not only for withdrawal but also
    > for taking it out of the country as per your country's currency transfer
    > restrictions, if any.
    >
    > --
    >
    > ../..
    >
    > Andrew Miller
    > Immigration Consultant
    > Vancouver, British Columbia
    > email:
    > (delete REMOVE from the above address before sending email)
    > ________________________________
    >
    >
    > "Kapil Dev" <> wrote in message
    > news:...
    > > I am applying under skilled worker class. My father has sold his
    > > ancestral property and from the sale proceeds he has given CAD 12000
    > > for immigration purposes.
    > >
    > > This amount is deposited into a bank as a fixed deposit receipt and
    > > the bank has issued a non encumbrance certificate for the same. In
    > > addition I have the fixed deposits receipt copies notarised. The
    > > deposits are made for a period of 3 years and the banks non
    > > encumbrance letter states that it can be withdrawn on request.
    > >
    > > Do I need to provide any additional documentation to the immigration
    > > officers? Do I need to prove the source of funds? If so, in my case
    > > what can be the documentation that I can provide along with my
    > > application.
    > >
    > > Thanks
    > > Kapil Dev

Do you know how the Reg defines the funds and what kind of finical
source can be used for the proof of the required funds? Thanks.
 
Old 03-01-2004, 04:44 AM   #4 (permalink)
Andrew Miller
 
Posts: 4198
Default Re: Documentation on funds - Mr Miller/ Mr Jim

See section 76(1)(b)(i) in Regulations below:

http://www.canlii.org/ca/regu/sor2-227/sec76.html

If you pay attention to the application kit and visa specific instructions
you will find in documents checklist what exactly is the acceptable evidence
proving that you have required funds.
__________________

../..

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


"cody" <> wrote in message
news:...

    > Do you know how the Reg defines the funds and what kind of finical
    > source can be used for the proof of the required funds? Thanks.

    > "Andrew Miller" <> wrote in message
news:<Wws0c.35665$A12.32422@edtnps84>...
    > > No, you don't need to document the source. You'll be OK as long as
account
    > > is in your name and money is yours. Providing of course that funds are
also
    > > in convertible currency, readily available not only for withdrawal but
also
    > > for taking it out of the country as per your country's currency transfer
    > > restrictions, if any.
    > >
    > > --
    > >
    > > ../..
    > >
    > > Andrew Miller
    > > Immigration Consultant
    > > Vancouver, British Columbia
    > > email:
    > > (delete REMOVE from the above address before sending email)
    > > ________________________________
    > >
    > >
    > > "Kapil Dev" <> wrote in message
    > > news:...
    > > > I am applying under skilled worker class. My father has sold his
    > > > ancestral property and from the sale proceeds he has given CAD 12000
    > > > for immigration purposes.
    > > >
    > > > This amount is deposited into a bank as a fixed deposit receipt and
    > > > the bank has issued a non encumbrance certificate for the same. In
    > > > addition I have the fixed deposits receipt copies notarised. The
    > > > deposits are made for a period of 3 years and the banks non
    > > > encumbrance letter states that it can be withdrawn on request.
    > > >
    > > > Do I need to provide any additional documentation to the immigration
    > > > officers? Do I need to prove the source of funds? If so, in my case
    > > > what can be the documentation that I can provide along with my
    > > > application.
    > > >
    > > > Thanks
    > > > Kapil Dev
 
Old 03-01-2004, 07:06 PM   #5 (permalink)
Cody
 
Posts: 28
Default Re: Documentation on funds - Mr Miller/ Mr Jim

"Andrew Miller" <> wrote in message news:<v5A0c.39077$A12.7315@edtnps84>...
    > See section 76(1)(b)(i) in Regulations below:
    >
    > http://www.canlii.org/ca/regu/sor2-227/sec76.html
    >
    > If you pay attention to the application kit and visa specific instructions
    > you will find in documents checklist what exactly is the acceptable evidence
    > proving that you have required funds.
    >
    > --
    >
    > ../..
    >
    > Andrew Miller
    > Immigration Consultant
    > Vancouver, British Columbia
    > email:
    > (delete REMOVE from the above address before sending email)
    > ________________________________
    >
    >
    > "cody" <> wrote in message
    > news:...
    >
    > > Do you know how the Reg defines the funds and what kind of finical
    > > source can be used for the proof of the required funds? Thanks.
    >
    > > "Andrew Miller" <> wrote in message
    > news:<Wws0c.35665$A12.32422@edtnps84>...
    > > > No, you don't need to document the source. You'll be OK as long as
    > account
    > > > is in your name and money is yours. Providing of course that funds are
    > also
    > > > in convertible currency, readily available not only for withdrawal but
    > also
    > > > for taking it out of the country as per your country's currency transfer
    > > > restrictions, if any.
    > > >
    > > > --
    > > >
    > > > ../..
    > > >
    > > > Andrew Miller
    > > > Immigration Consultant
    > > > Vancouver, British Columbia
    > > > email:
    > > > (delete REMOVE from the above address before sending email)
    > > > ________________________________
    > > >
    > > >
    > > > "Kapil Dev" <> wrote in message
    > > > news:...
    > > > > I am applying under skilled worker class. My father has sold his
    > > > > ancestral property and from the sale proceeds he has given CAD 12000
    > > > > for immigration purposes.
    > > > >
    > > > > This amount is deposited into a bank as a fixed deposit receipt and
    > > > > the bank has issued a non encumbrance certificate for the same. In
    > > > > addition I have the fixed deposits receipt copies notarised. The
    > > > > deposits are made for a period of 3 years and the banks non
    > > > > encumbrance letter states that it can be withdrawn on request.
    > > > >
    > > > > Do I need to provide any additional documentation to the immigration
    > > > > officers? Do I need to prove the source of funds? If so, in my case
    > > > > what can be the documentation that I can provide along with my
    > > > > application.
    > > > >
    > > > > Thanks
    > > > > Kapil Dev

"an amount equal to half the minimum necessary income applicable in
respect of the group of persons consisting of the skilled worker and
their family members" Can you explain what it means and better to
provide examples? Thanks.
 
Old 03-01-2004, 07:17 PM   #6 (permalink)
Robert
 
Posts: 676
Default Re: Documentation on funds - Mr Miller/ Mr Jim

<snip>
    > "an amount equal to half the minimum necessary income applicable in
    > respect of the group of persons consisting of the skilled worker and
    > their family members" Can you explain what it means and better to
    > provide examples? Thanks.

As you could not find the information on your own a link is provided below.

http://www.cic.gc.ca/english/applica...ides/eg73.html

The same site contains answer to most other commonly asked questions.

Note that this is NOT visa specific.
 
Old 03-03-2004, 12:16 AM   #7 (permalink)
Cody
 
Posts: 28
Default Re: Documentation on funds - Mr Miller/ Mr Jim

"Robert" <> wrote in message news:<TTM0c.59167$>...
    > <snip>
    > > "an amount equal to half the minimum necessary income applicable in
    > > respect of the group of persons consisting of the skilled worker and
    > > their family members" Can you explain what it means and better to
    > > provide examples? Thanks.
    >
    > As you could not find the information on your own a link is provided below.
    >
    > http://www.cic.gc.ca/english/applica...ides/eg73.html
    >
    > The same site contains answer to most other commonly asked questions.
    >
    > Note that this is NOT visa specific.

"an amount equal to half the minimum necessary income applicable in
respect of the group of persons consisting of the skilled worker and
their family members" Can anyone explain what it means? This is not
asking how much funds required to settle in Canada? Thanks.
 
Old 03-03-2004, 01:16 AM   #8 (permalink)
Andrew Miller
 
Posts: 4198
Default Re: Documentation on funds - Mr Miller/ Mr Jim

It is just a legal "mumbo-jumbo" language. See here for amounts required:

http://www.cic.gc.ca/english/skilled/qual-4.html
__________________

../..

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


"cody" <> wrote in message
news:...
    > "Robert" <> wrote in message
news:<TTM0c.59167$>...
    > > <snip>
    > > > "an amount equal to half the minimum necessary income applicable in
    > > > respect of the group of persons consisting of the skilled worker and
    > > > their family members" Can you explain what it means and better to
    > > > provide examples? Thanks.
    > >
    > > As you could not find the information on your own a link is provided
below.
    > >
    > > http://www.cic.gc.ca/english/applica...ides/eg73.html
    > >
    > > The same site contains answer to most other commonly asked questions.
    > >
    > > Note that this is NOT visa specific.
    > "an amount equal to half the minimum necessary income applicable in
    > respect of the group of persons consisting of the skilled worker and
    > their family members" Can anyone explain what it means? This is not
    > asking how much funds required to settle in Canada? Thanks.
 
Old 03-03-2004, 03:38 PM   #9 (permalink)
Cody
 
Posts: 28
Default Re: Documentation on funds - Mr Miller/ Mr Jim

"Andrew Miller" <> wrote in message news:<Kdb1c.44650$A12.24815@edtnps84>...
    > It is just a legal "mumbo-jumbo" language. See here for amounts required:
    >
    > http://www.cic.gc.ca/english/skilled/qual-4.html
    >
    > --
    >
    > ../..
    >
    > Andrew Miller
    > Immigration Consultant
    > Vancouver, British Columbia
    > email:
    > (delete REMOVE from the above address before sending email)
    > ________________________________
    >
    >
    > "cody" <> wrote in message
    > news:...
    > > "Robert" <> wrote in message
    > news:<TTM0c.59167$>...
    > > > <snip>
    > > > > "an amount equal to half the minimum necessary income applicable in
    > > > > respect of the group of persons consisting of the skilled worker and
    > > > > their family members" Can you explain what it means and better to
    > > > > provide examples? Thanks.
    > > >
    > > > As you could not find the information on your own a link is provided
    > below.
    > > >
    > > > http://www.cic.gc.ca/english/applica...ides/eg73.html
    > > >
    > > > The same site contains answer to most other commonly asked questions.
    > > >
    > > > Note that this is NOT visa specific.
    > >
    > > "an amount equal to half the minimum necessary income applicable in
    > > respect of the group of persons consisting of the skilled worker and
    > > their family members" Can anyone explain what it means? This is not
    > > asking how much funds required to settle in Canada? Thanks.

"These funds could be in the form of: cash; securities in bearer form
(for example: stocks, bonds, debentures, treasury bills); or
negotiable instruments in bearer form (for example: bankers' drafts,
cheques, travellers' cheques, money orders.)"

That's what I just want to know. Thanks.
 
Old 03-03-2004, 03:42 PM   #10 (permalink)
Andrew Miller
 
Posts: 4198
Default Re: Documentation on funds - Mr Miller/ Mr Jim

Where did you get that quote from?!!!

Stocks for example won't be accepted as proof of funds.
__________________

../..

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


"cody" <> wrote in message
news:...

    > "These funds could be in the form of: cash; securities in bearer form
    > (for example: stocks, bonds, debentures, treasury bills); or
    > negotiable instruments in bearer form (for example: bankers' drafts,
    > cheques, travellers' cheques, money orders.)"
    > That's what I just want to know. Thanks.

    > "Andrew Miller" <> wrote in message
news:<Kdb1c.44650$A12.24815@edtnps84>...
    > > It is just a legal "mumbo-jumbo" language. See here for amounts
required:
    > >
    > > http://www.cic.gc.ca/english/skilled/qual-4.html
    > >
    > > --
    > >
    > > ../..
    > >
    > > Andrew Miller
    > > Immigration Consultant
    > > Vancouver, British Columbia
    > > email:
    > > (delete REMOVE from the above address before sending email)
    > > ________________________________
    > >
    > >
    > > "cody" <> wrote in message
    > > news:...
    > > > "Robert" <> wrote in message
    > > news:<TTM0c.59167$>...
    > > > > <snip>
    > > > > > "an amount equal to half the minimum necessary income applicable
in
    > > > > > respect of the group of persons consisting of the skilled worker
and
    > > > > > their family members" Can you explain what it means and better to
    > > > > > provide examples? Thanks.
    > > > >
    > > > > As you could not find the information on your own a link is provided
    > > below.
    > > > >
    > > > > http://www.cic.gc.ca/english/applica...ides/eg73.html
    > > > >
    > > > > The same site contains answer to most other commonly asked
questions.
    > > > >
    > > > > Note that this is NOT visa specific.
    > > >
    > > > "an amount equal to half the minimum necessary income applicable in
    > > > respect of the group of persons consisting of the skilled worker and
    > > > their family members" Can anyone explain what it means? This is not
    > > > asking how much funds required to settle in Canada? Thanks.
 
 


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