Thanks a lot, Mr. Miller!
Originally posted by Cody
> The proof of funds must be at least required amount but it has nothing
> to do with the declared in the application amount of funds one will be
> bringing to Canada upon immigration. Do you mean the proof of funds
> and the bringing amounts can be different?
>
> Question:
>
> Must the amount of funds declared in the application form (bringing
> amounts) be at least required funds? Thanks.
>
> "Andrew Miller" wrote in message
> news:<6zzrb.34724$%Q5.26761@edtnps84>...
> > You are confused, like many about the same subject. Proof of
> funds has
> > nothing to do with the declared in the application amount of
> funds you will
> > be bringing to Canada upon immigration. In the application you
> declare the
> > total amount of money (from all sources) you'll be bringing to
> Canada, while
> > as a proof of funds you need to show at least required amount
> in
> > transferable currency, readily available for transfer to Canada.
> Equity in
> > your home is not "readily available" and if market goes down you
> may find
> > out the you have no equity at all.
> >
> > --
> >
> > ../..
> >
> > Andrew Miller
> > Immigration Consultant
> > Vancouver, British Columbia
> > email: AndrewMillerREMOVE@REMOVEcanada.com
> > (delete REMOVE from the above address before sending email)
> > ________________________________
> >
> >
> > "Diablo ²°°²" wrote in message
> > news:bomfah$8fv$1@news6.svr.pol.co.uk"]news:bomfah$8fv$1@-
> news6.svr.pol.co.uk[/url]...
> > > Hi All,
> > >
> > > I am aware from this newsgroup that you can no longer use the
> equity you
> > > have in your property to show proof of funds.
> > >
> > > My concern is that on the CIC website it gives details on 'How
> to fill in
> > > the application forms'. The part concerning proof of funds
> details that
> > you
> > > can include the value of property you own as proof of funds. I
> may have
> > > misread this as perhaps they mean property you own without a
> mortgage, but
> > > if this is the case then it's not very clear.
> > >
> > > Can anyone explain if you can no longer use your property as
> proof, why do
> > > CIC still state you can!
> > >
> > > You've probably guessed that it would benefit us greatly if
> CIC accept our
> > > equity in our house as proof of funds, as house prices have
> trebled in our
> > > area in the UK since we bought 8 years ago. We have £100,000
> equity at
> > > present but find it difficult to show £10,000 in our bank
> account which is
> > > what we need to get into Canada, we will have more than enough
> when we
> > sell
> > > the house, but would never do that until we know we definitely
> have PR.
> > > Frustrating eh!!!
> > >
> > > Many Thanks,
> > >
> > > Alison.
> > >
> >
--
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