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forumSection: Temporary Entry to Canada, subForumSection: International Students
Can an international student deposit/withdraw full ammount of $10000 from his GIC account at once......?
Unfortunately, you can't do that.
That funds are your living expenses for a year in canada. As per their estimates, the money that they'll allow you to withdraw in a month, would be more than sufficient for your survival in canada, for that month.
So, its not possible to withdraw your $10k at once.
 
Unfortunately, you can't do that.
That funds are your living expenses for a year in canada. As per their estimates, the money that they'll allow you to withdraw in a month, would be more than sufficient for your survival in canada, for that month.
So, its not possible to withdraw your $10k at once.

But as i know there are two type of GIC provided by the banks(NORMAL GIC &REDEEMABLE OR CASHABLE GIC) and in cashable GIC we can withdraw more money than a monthly installment by giving a purpose such as buying a car or something else...is it right...?
 
But as i know there are two type of GIC provided by the banks(NORMAL GIC &REDEEMABLE OR CASHABLE GIC) and in cashable GIC we can withdraw more money than a monthly installment by giving a purpose such as buying a car or something else...is it right...?
Dont know about that buddy.
Ask your consultant.
 
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