How to prove the money to study in Canada?
Getting things right is the most important thing for this process. Let's avoid silly mistakes that can cost us the application.
In this video I explain in detail how to demonstrate financial solvency.
With love,
Immiland
Hello Hello Very good morning to all
Welcome to a new video Welcome
to my channel as you know my name
is Ed Ramirez and my goal is to help you to
you to arrive in Canada by the end of the day.
legal as it has to be today quio que
let's talk about a topic that everyone
know what is how much I require for
to travel to Canada to study but it is not
about amounts but how to demonstrate
financial solvency, I would like to tell you that
one of the most typical reasons for
Canadian visa denial is part of the
the visa is denied by funds
but many of my clients who come to
me after the rejection they do not understand
What happened tell me but edy me when
I applied for my Visa and I sent all the
evidence that I had my account x amount of
money, i.e., for example, if Canada Me
I asked for 40,000 I sent 45,000 I went for
above Then why the visa was
denied if I sent the funds that
required Well that's what I think we'll talk about today
your visa for the economic part can be
refused its application for two reasons
first, because the required solvency
was 40,000 and you submitted evidence
that he had in his account
33,35 5000 39000 or even 40,000 if
mandates exactly what the government
requests its application may be denied by
that in imiland we always recommend to go
above that exact solvency
required as having at least 5000
extra to avoid visa rejection
for having exactly what they ask for
because that is the minimum let's always go
with the most to know how much
you require to travel for
study in Canada you can watch my videos
to the one I am talking about but
basically it is solvency in the first year
tuition plus maintenance first year
for the student the partner and the children
If you are traveling as a family and I am going to Canada to
study two or three years deb Show
solvency for the remainder of the time The
answer is that it is not just the
first year of studies now to what
we came today how I demonstrate that
solvency and what are the reasons for
Even if you had in your
more funds than required but
send the evidence wrong or
erroneous documentation about how to
How to support that these funds have their
application will still be denied and here
I will tell you how to avoid it the first point
is to understand where the
money the money must be an account of
bank in a bank recognized in your country
home or abroad does not allow you to
recommend or may not be
Simply neither in bitcoin nor in PayPal.
neither in stripe nor in
some cloud of money that is not a
bank account because the application
can be denied second point
important if it is a bank account of your
country or a foreign country may be in
the national currency of that country should not
be in Canadian dollars and other than
it is important that it is an account of
savings or checking account There are now
many people who save for example
in Colombia the cdts are called cdts or cdts in
any country an investment account
you can have the funds there yes
provided that the funds can be
extracted from the account without any
problem and that the date matures duration
of the Bond is the date on which you
please travel to Canada to study
sends evidence that if the funds are
investment account OR fixed savings account
can be taken out by the date on which
are you traveling to Canada This is the basic
There are the funds now from Who
was the account the preferred account
will be the visa applicant's is
the principal student or the
couple or half and half or one-fourth and one
fourth and so on but between the two What happens
if we put in the application of a
external figure i.e. edy i am going to
Canada to study but my mom or dad
will give me the financial solvency here.
it is necessary to look very carefully at the profile of the person
applies if you are a person who
depends on his parents has never worked
He has not finished his studies and a
person dependent on his or her parents in a
normal age for dependence on parents
100% solvency can come from
them there is no problem But between
the more independent you are, the less
backing the familiar So for
example if you are married As the
government only understands that you are
independent does not have to rely on
your parents if you have a child if you
is a worker and lives in his
own home, i.e. the more autonomous it is
you less solvency of the parents or of
a third party if you are going to use creditworthiness
a parent or a third party is well able to
use as long as this solvency does not
100% of what is required, e.g.
that the study part is
covered by the parents and the
support for yourself and your partner
in case you come with a partner or if you are not
single As you yourself are also
You may not use the
solvency of their parents but of some
I recommend that the relationship
between you and the sponsor is the most
possible for you to avoid the
chances of rejection because the relationship
It is very far away when you use a
a sponsor someone who gives you money
there are two ways to use these funds
may be that the funds are in your
your personal bank account, i.e.
that the sponsor sent the money to its
bank account or that the sponsor
has his bank account whichever
is the scenario is 100% recommended
that you use what is called a
officer of or affid David or a
affidavit in which that person
says I, so-and-so, pledge myself to
pay my nephew's tuition to me.
my son to my grandson in Canada or I sent my son to
the bank account of my nephew x so that
pay for your studies here you can see it
with this affidavit in yilan we offer a
affidavits service which I leave you the
link below we can now use a
external figure who is not at their parents' side
if possible we can use for
For example, a bank loan can be
a personal education bank loan
a line of credit or even a
private or public student loans will be
can be done without any problem as long as
and when you demonstrate that you have
to cover your living expenses, again I repeat, avoid
use 100% external gingivae There are now
people who use account statements
of companies No sir the statement of account
must be from a person if a company
you are paying for your studies is
recommended that this fund be in the
your bank account, because if that
your personal company may have to be
complicated application okay on the other hand
The statements of account have to be
the last three and will be sent to the
months of statements for
demonstrate that these funds are in their
account for the last 6 months
6 months is preferably better and that
amounts you have not made a deposit
There's a crazy 000 d What happens if
you suddenly put in your account
Bank 30,000 to apply for the visa if
you in the application does not explain those
30,000 Where they come from The officer can
deny you a visa Then I recommend that you
greatly that if you make a
transaction in your account and a
large target deposit in your application
evidence that you sold any
property and that is why it is using those
amounts to apply for a visa for another
side there are many people who
travel to the United States open an account
bank and apply because they think it is
better or, for example, are countries such as
Argentina Venezuela Nicaragua that has
economic instability if you make
that is 100% valid but they cannot
open the Banco account today and request the
visa in one month they have to have that
Bank account open for at least 6
months and still demonstrate that these funds are
where they come from so that their application is
I am going to give you a valid tip that is something
we are using new in and Milan that
is something that is almost unseen and it is that in
Canada There is a plan called student
Direct Extreme in which some
students from some countries of the world
can apply for a study visa
accelerated for you to do that have
to send your money to a bank account of
investment in Canada here what you
can do is to open that account in
investment in Canada at a distance that is
a bank account already in Canada in the
that you no matter what you do not
are covered by the study
you if you wish to go more to the
can securely send their funds once
to Canada in this investment account that
I leave you the information below for
that you right there the GC speak that
bank account in Canada and
automatically your funds are already in
Canada and the official will have much more
clarity that the funds are already here
ready to invest in the college and its
studies in the country Then this way
is a much more organized way to
apply for a visa now that information
I have just given you because I do it with the
basic objective that you do not have
your visa rejected for creditworthiness
economic however simple the
possibility that it is happening and in case of
may it be your wish that yilan will be
to apply or reapply to your company's
We are here with great pleasure to welcome you
at your service below is a link to
quotation of our services For
to see the cost of milá's services
to apply for your visa or you can send us
an email to info @ilanosh1