Here are general guidelines for providing proof of funds:
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- Bank Statements: Provide official bank statements for the past few months, showing your financial transactions and balance. Ensure that the statements are in your name and clearly display your financial stability.
- Conversion to Canadian Dollars: If your funds are in a currency other than Canadian dollars, you may need to provide evidence of the equivalent amount in CAD. Use the official exchange rates to make this conversion.
- Liquid Assets: Include information on any liquid assets, such as savings accounts, fixed deposits, or other easily accessible funds. Investments that can be quickly converted into cash may also be considered.
- Debt Obligations: If you have outstanding debts, such as loans, provide information on these obligations. It helps immigration authorities assess your overall financial situation.
- Affidavit of Support: In some cases, a letter of support or an affidavit from a sponsor may be required. This is a document where someone else pledges to financially support you during your stay in Canada. The sponsor may need to provide their financial documents as well.
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