CANADA NEW PROOF OF FUNDS : Avoid These 10 MISTAKE For Your Canada Proof of Funds To Be Accepted
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- Опубликовано: 28 июн 2024
- In this video, I talked about how to show proof of funds for Canada immigration, canada study permit and canada visa. I also talked about How much is Needed For Proof of Funds, and documents needed to show for proof of funds.
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For 2024, a single applicant will need to show they have $20,635, representing 75% of LICO, in addition to their first year of tuition and travel costs. This change will apply to new study permit applications received on or after January 1, 2024.
I mentioned $10,000 in this video. I did this video before the new POF increase
Hi Peter Can I use my uncle's business account bank statement, along with his business certificate, as proof of funds?
Wao.Thank you so much for this info
Hi Peter ,
Trust you are doing okay .
I recently got admission to study a post graduate studies and to prepare for this I sold a land worth 40 million money was transferred to me once , Although the account this a transactional account that has huge transact turnover and I am also planning on doing affidavit for my land sales
Hello Peter, Thanks for your email. I will be expecting more from you.
If my dad sends the money to my account and I explain that the money is from a savings account my dad created and saved for my studies and explain what his business is will that be okay?
There is something that is still confusing about this proof of fund. When you submit your proof of fund you are not expected to tourch the money.until a decision is made.Why is that?
You’re not to touch it till you even travel to the country
Please what if I am a forex trader, affiliate marketer and crypto trader.. so if they ask for the proof of the lump sum... What is the right word to explain to them about what I do for a living or how the lump sum got to my account as a forex trader.. what would I say
Pls what exchange rate can someone use Bcos for UK we used oanda convert can someone use it too for Canada
What happens if you don’t submit optional documents when applying for canadian study permit,the (IMM 5257 E : Application for visitor visa (temporary resident visa) and is there a way i can still add it after submission
Thank you sir for the video....if it is a small bussines...how do we jusify the amounts in the statements of accounts especially ...kindly assist with this and also is it good to put remarks on every transaction in the statement of account thank you very much
You will need a professional guide on this. For more information, visit my website
www.gradnext.com
Please, does the sponsorship bank statement have to be a business bank statement?
Please what about if am sponsoring my wife and am coming with her will the money be in her account or it doesn’t matter?
Dear Sir, your video is informative. I have a question to you regarding the POF. I am going to apply soon, and I have a fixed deposit and loan against it. Then, loan amount also kept as fixed deposits. Can I show both (Own fixed deposit and bank loan amount fixed deposit) as POF.
If i take a loan from a bank, does the money have to stay in the bank account for 3 months? Or the tenor doesn't matter?
First to watch
With this new proof of fund, how much is required to be paid by Bachelor degree students?
Hello Peter! I'm from Rwanda
Your friend can be your supporter?
So if m coming alone and leaving my family behind .do I still need to show the 4k and 3 k
Hi Peter
What is biometric validity letter
Thanks Mr peter may Almighty God reward you aboundantly (Aameen) pls I have submitted my application along with my husband and kid for may 2024 intake in college for diploma but I am waiting for decision from them I don't know maybe they are suspend it now .I submitted it before they made new rule on 22 of january
Hi greetings to all.
I would be happy if you can clearify me on my question sir 🙏🏼🙏🏼🙏🏼
Please, is post diploma the same as postgraduate diploma
Hi sir.do you do masters class on how to follow you express entry application by your self?
Noted
Please what if your sponsor doesn't have the total amt, but the account is a transactional n active one. Will it be allowed or still it will be termed as insufficient funds.
They don't really care about inflow and inflow. They care about closing balance
What if I sell a property that amounts to over 20k CAD with proof of sales is this okay?
Bro. Peter, please, I support my wife in her business (sole proprietorship), and she gives me GHC (Ghana Cedis) 700.00, sometimes too GHC 500.00, GHC 600.00 every month, sometimes too if the market is good , she gives ne GHC 1000.00 as a monthly salary / income.
But sir, no payslip shows that she pays me?
Though the business is registered with certificate.
What should I do, please?
Yes 2nd
Do i need to show proof of fund for 1yr even when my program is less than a year
Can one use student loan for POF
Good day Sir, please what is new proof of funds for dependent
It hasn't changed
Please the new update now is 20,000
Hello Peter
Please, can a bank statement of a rural bank be used for proof of funds?
I hope my question is given the necessary attention
Thanks
If it's legit,why not?
Can my mum be my sole sponsor and I submit her bank statements even if I’m the main applicant
I need the one-on-one mentorship
www.gradnext.com
I have been admitted to pursue a master in automotive engineering and have a business and a personal accounts, do I need to transfer the money to my personal accounts? Though I am the only signatory.
Same problem
Hello Dr,
Please s it a must to show my previous employment contract. Even after i left the work 2 years ago. Will it be enough to just show my current employment contracts, payslips and refernce letter as documents for my fund.
Previous employment contracts are not compulsory
Thank you Dr
This new POF ia it the requirement for only student visa or all for all visas applications?
Mostly for students for now.
Sir do I still need to show the complete of my tuition fee in the case that I have pay some part of my school fees to the school.
Yes
I had my visa approved in August 2023 for winter start (January 2024) but the university deferred my program to Fall 2024. Can this have any effect or my visa or future studies in Canada. Any advice.
Wow! Would like to know too
Please, can I get your contact? Email or...? I need your help in my application🙏🏿
Hello, please can you help with consent letter to travel with your child
Send me an email
Gradnext1@gmail.com
Sir Peter, but it stated 1 year tuition, why do I need to show for all the number of years?
i believe it's because over the years, there is this "feeling" that those who show money for more years are given preference or have more of a chance to be given the permit. but you are correct it says 1 year tuition and I have used 1 year tuition.
What are document required for extending your study permit especially of i am going a new institution
Same type of document you used to apply initially
*you forgot sir, Cost of living is now 20,000 cad dollars.
For 2024, a single applicant will need to show they have $20,635, representing 75% of LICO, in addition to their first year of tuition and travel costs. This change will apply to new study permit applications received on or after January 1, 2024.
I mentioned $10,000 in this video. I did this video before the new POF increase
Mr. Peter, it means that a family of (4) four must show proof of funds of $20.635+$4.000+$3000+3000=$30.635?
You’re meant to show 41+ million cad
@Toriash979_ 😮😮😮😮 that figure u wrote is wrong pls. Do u know what 41+ million cad?
She's probably from Africa where everything is in millions @@ihuomaanthony8800
SIR CAN I SHOW MY PERSONAL savings ACCOUNT WITH MY CAC as prove of fund.
Yes
Brother
Please how can I request for my GSM report to understand the details of my study permit denial. Thank you kindly assist me
Send me a message.
I can help you with that.
Gradnext1@gmail.com
Okay
Hi Peter. If you are getting support from your brother, do they need to deposit the money in your account or can you submit their bank statement and letter of support to show that the money will be coming from them?
It's best they send the money to you
I got admission with humber college sept 2024
Hi peter how much can a family of 5 should have as proof of funds
From the ircc website, Cost of living for a family of 5 CAN$43,492. Add your tuition amount to that.
Good morning sir, is it possible to use my sponsor’s” RSA Account” as a document to support my proof of funds?????
Not the best option.
RSA is not really what you have access to readily
@@PeterIsesele thank you sir🙏🏼
Just incase you have the new proof of funds , is it compulsory to pay the full tuition fee?😢😢
Not compulsory. You must show at least tuition deposit
Please sir,we are family of four and we have submitted our application and I'm the only person that has received a biometric letter but others haven't..what should I do
Only people above above 18 that do Biometrics. And for SOWP, it might take 1 to 3 days to get Biometrics letter
@@PeterIsesele thank you sir,
Mine came after 2days but my husband's own is yet to come
@@PeterIsesele that means the kids won't be doing BIOMETRIC but how will they get Visa..
Also my husband own is taking longer time what you advise us to do next sir..your teaching has been so helpful
Can I have a pending reconsideration process and still reapply?
Same question here
Can my husband's brother sponsor me?
Can you tell us about GIC
Will do a video on it
Hello Peter i want to sign up for your mentorship program SILVER package, i have gotten an admission for masters degree in Memorial University New Found Land , spring May 2024 i want you to help me in study visa application. How do i get started?
Check out my website
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Hello 👋 Peter, can the company I work for sponsor me?
Yes...But it may not be the best option.
Good day sir and thank you very much for your wonderful videos. Please my wife got admision in a Canadian college and I am sponsorship my wife and I am traveling with her. I am sponsoring the whole thing with my business. Please can it fly please.
You have to use your personal account
Hello mr peter. Is 24 million naira good for 2024 proof of funds?...for a study permit application?
It depends on your tuition and if you are applying alone. Do the calculate and convert the CAD to naira.
@@PeterIsesele I'm applying alone and am paying $18700 cad ......so will 24 million be good?
@@PeterIsesele cause the thing is that I'll would like to hear from a good source
@@funnymomentsandnewscarrier5613I think it’s okay
@@PeterIsesele I just received a rejection....like right now 😢😭 with 24m proof of funds and still saying i don have enough asset for started purpose of travel
I am married but still using my last name. Can my brother in-law be my sponsor with a name change
Yes. But you have to show proof of relationship
Sir, I watched one of your videos about private career colleges. I applied to one of these private career colleges, applied for visa and I have been asked to submit my passport but fortunately for me, I applied to Conestoga college for a year program starting in September 2024 and I just received my LOA from Conestoga college. I'm confused on what to do because my course in the private career college starts in April next year. Please Sir, what do you think I can do because the course I was offered in Conestoga has a co-op internship i
I pray to get my admission in same college to for September 2024.
@@tolastandarchconsults7442 how can we connect?
Thank you for this sir. Pls can my brother in law sponsor me sir?
Yes...if you can show proof of relationship
He has a real estate company tho. Prolly if I show my birth certificate and that of my sis and also their marriage certificate. Would that work?
Your face show ...
Hello sir pls i just got a visa rejection base on not being convinced that I'll leave by the end of m stay. Please how can i contact you i need your guadiance as i would like to apply again
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Please, where is the upfront medical test done?
Is there any specific hospital, or I can do that in any of the government hospitals?
Also, I supported a friend with my money to travel abroad, and now he wants to pay back the money I gave. gave him, definitely it going to be a lump some.
In this case, please, how should I explain it in my financial statement or letter of explanation? 15:05
Thank you.
Sir, thank you for the update. Please, l am requesting the one on one mentorship. I have sent a WhatsApp message 😊
If my dad sends the money to my account and I explain that the money is from a savings account my dad created and saved for my studies and explain what his business is will that be okay?
Provided he justify the source of the funds, it'd okay
@@PeterIsesele please can you tell me how to properly justify it
Its 2 registered personally owned businesses we pay tax etc