What is Proof of Funds?
Proof of funds are required to support yourself in Canada during your first month of stay in Canada in other terms uttered as Show money or proof of funds
Potential Immigrants looking to settle down in Canada under PR must prove to the Canadian government that they have sufficient funds to take care of them and their family in the initial stages of reaching Canada. Proof of Funds are also called Settlement Funds or Show Money.
In which stage of the Canada PR Process proof of funds needs to be shown?
Proof of Funds is mandatory for Canada PR process. But during the initial stages of the process proof of funds is not necessary. Once we receive ITA (Invitation To Apply) from the Canadian Government we must submit a Proof of funds Document along with other documents to be verified by the government. On an Approximation we might require proof of funds in 6 to 8 months of the process.
How many Months old should my bank account be for Proof of funds Canada?
Your Bank account must be at-least 6 months old.
In whose name the bank account should be for Canada PR?
The bank account must be in either primary applicant or secondary applicant nameJoint account within primary and Secondary applicant is also accepted.
