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General
Topic: money to bring as settlement of funds
money to bring as settlement of funds
Mar. 1st 2010 at 06:32 pm EST
By april10
hi to all those who already landed in Canada, need your advice guys what to do, we are from the Philippines and soon to land in Canada.. wants to know how to bring our money as proof of funds where in fact we are not allowed to bring more than 10K Canadian dollars..any suggestions please? ours need at least 16K plus as proof of funds... can we split this amount and declared separately between me and my husband? please help!
april 10
Mar. 1st 2010 at 08:46 pm EST
By msgchan
hello!!! just would like to ask at what year did you submit your application at the embassy? total # of yrs before you receive your visa?thanks & God bless!!!
Mar. 2nd 2010 at 07:05 am EST
By Francis8
Hi April,
I did the following:
Opened an Canadian account via local branch of HSBC. Wire transferred half the required funds. Printed an updated statement the day before travel and the remaining amount was carried as cash.
Hope this helps. Goodluck.
Mar. 3rd 2010 at 07:27 pm EST
By april10
hi msgchan,
my husband applied under FSW Category last 2004, got our Visa last June 2009.. to account, almost 6 years of waiting, but its worthy!
I think for now maybe it takes only 6-12 months of processing under the new system. good luck!
Mar. 3rd 2010 at 07:30 pm EST
By april10
hello francis8
got your advice, thanks a lot! have been to HSBC in our place yesterday and we are going to open an account there.. thank you very much! God Bless
Mar. 3rd 2010 at 07:34 pm EST
By april10
hi Biggie,
thanks for the info.. very helpful! thanks a lot!
Mar. 4th 2010 at 11:27 am EST
By Biggie
..ur welcome!
I think the best thing about it is that for your 1st (landing) trip you are not taxed on whatever amount you bring in. So you & your husband can step into Canada with style like proper lotto winners!
Take care.
Mar. 6th 2010 at 01:56 am EST
By Francis8
Hi April,
Good to hear the info was helpful.
By the way Biggie,
If one has already landed and left and then comes back later for permanent settling, will the funds carried then will be taxed ?
Mar. 6th 2010 at 08:35 am EST
By carlproject
Hello April10,
May I just ask on which province are you planning to settle? And what factors did you consider in deciding? (Hope you wouldn't mind sharing)Thanks and Congrats.
Mar. 8th 2010 at 11:15 pm EST
By april10
hi carlproject,
we decided to land in Vancouver for the following reasons,
1. climate (not so cold compared to Alberta)
2. 4th livable city in the world
3. we have friends that will help us upon arrival
but,we are still open for some possibilities of settling to another provinces, it will depend then to the work opportunities of me and my husband. Thanks!
Mar. 9th 2010 at 12:02 pm EST
By carlproject
Thanks April10!
Hope to hear from you soon once you arrive in Vancouver.
Congrats again.
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