Immigrating to Canada

Savings going good!

I am almost there with the Settlement Funds I need to apply. I have however has mixed messages about the amount of money I will need. The Official immigration sites say about $10,200, whilst others range from $7,000 to $12,000. I think I am going by the official ones for now.

I have read something that I am not too impressed about. I will have the funds in about 2 to 3 months time, but at least £1,500 of those funds are held in Premium Bonds. I have read that the Immigration Department gives a set amount of time in which to liquidate these funds. It's not going to be a problem to liquidate them, it takes only 8-10 days to cash them in, but I really don't want to. They are valuable, especially at the moment, I just don't want to get rid of them unless I really have to. I don't see why they would force me to cash them in, especially as they are considered valuable. The way I see it is that they are there as a backup, and if I know in my head that they are only to be cashed in in an emergency then I will have more incentive to get a job. As far as I see it they are there as a psychological safety net, and nothing more.

I am going to have to get some clarity on this. If it is the case that they will have to be cashed in no matter what then I will have to consider the possibility of delaying the application for another year.

posted by Marie17183 @ 11:44