Rejection for a Canada Visa may seem devastating news for anyone looking to move to Canada and Settle. While there are many reasons an application could be rejected y IRCC, some of the most common reasons are proof of funds and ties to home country.
While Proof of funds especially for visitor visas, sponsor visa and in some cases student visa is one of the primary reasons for the rejection but can be rectified and can be turned around. Next time you apply for such a visa you will know how to present proper proofs of funds to get your application approved.
Why Proof of Funds Rejection happens in first place
Visitor Visas (Tourist Visas)
Rejections for Proof of funds can be seen most commonly in Visitor Visa. Rejections in Visitor Visas often happen due to concerns over the applicant’s ability or intention to leave Canada at the end of their visit this could be because of insufficient funds, lack of travel history, or incomplete documentation.
Common Reasons
- Insufficient Funds: The applicant has not shown enough funds to cover their stay in Canada, including accommodation, meals, transportation, and other expenses.
- Unverified Sources: The source of the funds is unclear or cannot be verified, such as large recent deposits that don’t seem regular.
- Lack of Recent Bank Statements: Failure to provide recent bank statements to demonstrate current financial status. These Bank Statments could be inconsistent and sometimes not recent.
Study Permits
Another Visa that gets rejected mostly because of Proof of Funds is Study Visa. This mostly happens because immigration officer is not convinced of the applicant’s genuine intention to study, lack of ties to their home country, insufficient funds, or if they fail to meet the requirements of the intended educational institution.
Common Reasons
- Insufficient Funds for Tuition and Living Expenses: The applicant has not demonstrated that they have enough funds to cover tuition fees, living expenses, and return transportation.
- Unverified Financial Support: If relying on a sponsor, the sponsor’s financial ability is not well documented or verified.
- Inconsistent Financial Documents: Mismatched or inconsistent information in financial documents, for example, documents that seem inconsistent and false.
Work Permits
Even if you’re moving to Canada for work, still Visa can be rejected because of proof of funds. The reason could be insufficient proof of job offer legitimacy, inadequate qualifications for the job, or concerns about the applicant’s intention to leave Canada after the permit expires.
Common Reasons
- Insufficient Personal Savings: The applicant does not have enough personal savings to support themselves until they start earning a salary in Canada.
- Lack of Financial Support from Employer: The job offer does not include enough financial support, such as relocation expenses or initial accommodation.
Super Visas
These visas are for parents and grandparents of Canadian citizens or permanent residents. Rejections can occur due to concerns about the applicant’s health, insufficient financial support from the Canadian host, or doubts about the applicant’s ties to their home country.
Common Reasons
- Insufficient Financial Support from Host: The Canadian host (child or grandchild) does not meet the minimum income requirements to support the applicant.
- Lack of Proof of Income: The host fails to provide sufficient proof of their income, such as recent tax returns or employment letters.
- Unverified Financial Documents: Financial documents, such as bank statements or pay stubs, cannot be verified or appear to be unreliable.
- Inconsistent or Incomplete Documentation: Missing or inconsistent financial documents, such as not providing proof of income for the required period.
What to do after Proof of Funds Rejection?
1. Understand the Reasons for Rejection
Carefully review the rejection letter from the visa office to understand the specific reasons for the denial related to proof of funds. This could be one of the above reasons mentioned above.
2. Gather Additional Financial Documents
If you think your application was rejected due to misinformation then you should start gathering all the necessary documents:
- Bank Statements: Provide recent and detailed bank statements showing sufficient funds.
- Employment Proof: Include pay stubs, employment letters, and tax returns to verify income.
- Savings and Investments: Show proof of savings accounts, investment accounts, or other financial assets.
- Affidavits of Support: If you have a sponsor, ensure they provide a notarized affidavit of support along with their financial documents.
3. Clarify Sources of Funds
Sources of Funds should be clearly documented and explained. This includes providing evidence of how funds were the funds came in at first palce, especially if there are large deposits or transfers.
4. Consistent and Accurate Documentation
Ensure all financial documents are consistent and accurately reflect your financial situation. Make sure you haven’t made any large deposits recently and if you have consistent paystubs then you should be fine.
5. Reapply with Improved Documentation
Once you have gathered and organized the necessary financial documents, you can reapply for the visa. However, this time you must make sure you prove all the documents improved and with a proper letter of explanation.
Preparing a Strong Reapplication
- Detailed Cover Letter: You must add a detailed cover letter explaining how you have addressed the reasons for rejection, including a summary of the additional financial documents you are providing.
- Updated Financial Statements: Include updated bank statements and other financial documents that clearly show your current financial status.
- Proof of Continuous Funds: For visas like work permits and Study permits, make sure you add long-term finances availability that includes GIC and other important financial documents.
- Evidence of Stability: Show evidence of financial stability, such as long-term employment or substantial savings, to reassure the visa officer of your ability to support yourself.
Proof of Funds Requirements
| Visa Type | Minimum Funds Required | Required Proof of Funds Documentation |
|---|---|---|
| Visitor Visa | CAD 100 to CAD 150 per day of stay | Bank statements showing sufficient funds for accommodation, meals, transportation, and other expenses. |
| Study Permit |
|
Bank statements, proof of payment, or funds to cover tuition and living expenses. |
| Work Permit | Sufficient funds to support yourself until you start earning | Bank statements, employment letter, pay stubs. |
| Super Visa | Based on Low Income Cut-Off (LICO)
For 1 person: CAD 26,620 Increasing with household size |
Financial support documents from host, including tax returns and employment letters. |
Proof of Funds Documentation (General)
- Recent bank statements (4-6 months).
- Proof of Canadian bank account if funds are transferred.
- Proof of student loan (for study permit).
- Financial support documents from host (for Super Visa)
Conclusion
Getting a refusal for a Canada visa because of proof of funds may be disappointing, however, this reason for a rejection can be rectified. If you need any further help from professional you can contact us through the contact page.
