funding

[at9459]

I have applied for immigration but I donot have enough liquid funds to show (ie about CAD$25000 -family of Five) but I do have property worth CAD$ 200,000.should I sell the property to show the required money or the property papers will suffice. Can I take personal loan or loan against property to show the desired funds. please advise

 

[syedrahman1980]

Dear at9459
You have to prove that the money is yours, not borrowed.

CIC do not accept property (land/house etc.) as proof of fund. Pls. see the link

http://www.cic.gc.ca/english/immigrate/skilled/funds.asp


It is clearly stated that 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 or money orders).

What about your status ?

Good luck.

SYED