Proof of funds confusion

[smcdonald]

If someone is currently in canada and working on a PGWP do they require Proof of Funds in order to apply for FSW? Will they require a new job offer? And are they only exempt if the job has an LMIA?

 

[DelPiero07]

If someone is currently in canada and working on a PGWP do they require Proof of Funds in order to apply for FSW? Will they require a new job offer? And are they only exempt if the job has an LMIA?

Yes, you require proof of funds.

 

[smcdonald]

Yes, you require proof of funds.

So when do they not require POF?

 

[DelPiero07]

So when do they not require POF?

When you are a CEC applicant or when you have a valid job offer.

 

[smcdonald]

When you are a CEC applicant or when you have a valid job offer.

Yes.. it's the "valid" job offer that is confusing. It has to be based on a LMIA to be considered valid correct? once it's not exempt?

 

[DelPiero07]

Yes.. it's the "valid" job offer that is confusing. It has to be based on a LMIA to be considered valid correct? once it's not exempt?

Not necessarily but simply put, you do not have a valid job offer.

 

[smcdonald]

ok thanks for your help! so will it be denied if the POF is not in the account for at least 6 months?

 

[DelPiero07]

ok thanks for your help! so will it be denied if the POF is not in the account for at least 6 months?

There is no rule that the funds must be in your account for at least 6 months. If your average balance for the past 6 months is low OR if you are depositing a lump sum amount to meet the required funds then as long as you can prove where the money came from (gift deed, sale of assets, savings from salary) you'll be fine.

 

[smcdonald]

There is no rule that the funds must be in your account for at least 6 months. If your average balance for the past 6 months is low OR if you are depositing a lump sum amount to meet the required funds then as long as you can prove where the money came from (gift deed, sale of assets, savings from salary) you'll be fine.

thanks so much