Amount of funds you HAVE to show while landing

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canada_hope
Member since: Dec 05

Posts: 16
Location: USA
Post ID: #PID

Posted on: 29-04-06 05:35:29

Quote:
Originally posted by LD

Hi Alexm,

Funds required go like this:

Number of
Family
Members Funds Required
(in Canadian dollars)
1 $10,168
2 $12,659
3 $15,563
4 $18,895
5 $21,431
6 $24,170
7 or more $26,910

It is expected that you will carry CAD 10,168.00
You can take every single penny of the money, or more, back when you go back. But for starters that is the requirement.

The amount necessary listed in Quebec website is lot less than what you have listed in here. May be you are listing the amount that is for Federal PR. Can you please verify that?

Thanks

alexm
Member since: Jun 05

Posts: 419
Location:
Post ID: #PID

Posted on: 29-04-06 11:09:49

I should have been more clear on this....yes, the Quebec website mentions a lot less but the lady who took my interview and signed my QC selection certificate listed $10,000 as the funds I would be carrying. This is why the dilemma.

Perhaps it's because I showed funds well in excess of that amount considering bank accounts and mutual funds.

However, I plan to land with around 7500, show more in my US accounts and hope they are not hugely strict on this matter. I do not want to sell off the funds I have in India.

Sandman ca
Member since: Jan 06

Posts: 3
Location: Mississauga
Post ID: #PID

Posted on: 07-05-06 22:49:34

Bring all you can as I'm sure you will need ever penny.

LD
Member since: Jul 05

Posts: 526
Location:
Post ID: #PID

Posted on: 08-05-06 09:46:55

<<However, I plan to land with around 7500, show more in my US accounts and hope they are not hugely strict on this matter. I do not want to sell off the funds I have in India.??

That should be OK. Carry CAD 7500 and the latest statement from your bank in US and the last day balance printout from internet before you land.

Disclaimer: This is not legal advice.

AshwaniG
Member since: Jul 04

Posts: 1484
Location: Convinient
Post ID: #PID

Posted on: 09-05-06 17:10:32

Hi !
Just to add one more thing in above statements ..
Any amount that you carry for the first time when u land in Canada is TAX FREE ..
So I always advised my friends to bring as much as possible and than take it back if necesaary ..

ASHWANI

-----------------------------------------------------------------
Growing Old Is Mandatory ..Growing UP is Optional

alexm
Member since: Jun 05

Posts: 419
Location:
Post ID: #PID

Posted on: 28-05-06 04:10:27

Thanks for all the replies...I was on vacation so I missed this post.

I will take a printout of my US funds when I land tomorrow.

On another note, I just wanted to say this site has been such a huge help to me in planning my landing. I really appreciate the effort taken by the people running the site, and all other other members helping with their replies.

benparsad
Member since: Jan 06

Posts: 412
Location:
Post ID: #PID

Posted on: 29-05-06 08:19:58

.........you must have ready access to at least to $20,000 in Canada while landing. then you can settle down faster with a car, mobile, laptop and internet etc. you will earn this back in three months........

Happy,

Is it not an overstatement? Earning back $20000 in 3 months? Can you explain which job , and that too in the first 3 months, will give about $ 7000 per month. You know the reality. Don't you? Write and guide with responsibilty to newcomers.

Ben

Contributors: alexm(5) LD(2) canada_hope(1) Sandman ca(1) Janmeja(1) AshwaniG(1) Happy(1) benparsad(1) souvik_k(1) parag63(1)

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