Mori

Can you move proof of funds after you receive COPR?

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Mori

Proof of funds need to be in your bank account for 6 months before application. So say you do that and you receive your COPR - can you now move the money as you wish or must it stay in account until you convert it to notes or transfer it to a canadian bank account? 

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MaryJane

As far as I know you can move the monies.

But I know that when you land, you are required to bring along proof of having the settlement funds - be it you come with the notes with you or you have an updated bank statement showing you have these funds.

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ZAtoCD
On 10/10/2020 at 4:24 AM, MaryJane said:

As far as I know you can move the monies.

But I know that when you land, you are required to bring along proof of having the settlement funds - be it you come with the notes with you or you have an updated bank statement showing you have these funds.

Awesome. I got my ITA with funds in a 60-day notice account, and I now want to make them completely available to convert to CAD soon by moving them to a transactional (no notice) account with the same bank. So, you're saying there'd be no issue doing that?

Edited by ZAtoCD

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Reibtseb

You can move money, I transferred mine to a Canadian account after I got my COPR, just bring proof of that when you land. Although, I was never asked for it, and I know of a couple others that weren't asked either.

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Mori
On 11/5/2020 at 7:11 PM, Reibtseb said:

You can move money, I transferred mine to a Canadian account after I got my COPR, just bring proof of that when you land. Although, I was never asked for it, and I know of a couple others that weren't asked either.

do you know if you can move it to an account that is not liquid? I plan to move $6000 of the minimum $13000 for one person into a brokerage account and buy shares

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Mori
On 11/5/2020 at 1:20 PM, ZAtoCD said:

Awesome. I got my ITA with funds in a 60-day notice account, and I now want to make them completely available to convert to CAD soon by moving them to a transactional (no notice) account with the same bank. So, you're saying there'd be no issue doing that?

So they accepted the funds in a 60 day notice account? you didn't have to keep them in a transactional account? And did you keep it there for at least 6 months?

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