Your statement of account for Canada study permit must show genuine flow of money in and out of the account so it does not pass of has MONEY LOGEMENT.
The money in there should suggest a genuine source.
The source of funds should correlate with your profile.
The money in there should suggest a genuine source.
The source of funds should correlate with your profile.
For example,
A banker's salary of 120k a month for 3 years which he has worked totals
N4, 320,000
Assuming his expenditure is half of his salary, it means he only saves 50% per month which totals N2,160,000 in 3 years.
A banker's salary of 120k a month for 3 years which he has worked totals
N4, 320,000
Assuming his expenditure is half of his salary, it means he only saves 50% per month which totals N2,160,000 in 3 years.
This same banker applies for study permit and show N10m in his account.
What is the source of the money?
Does he have other sources of income?
Did he make an investment that yielded heavily?
All of these have to reflect in his profile.
What is the source of the money?
Does he have other sources of income?
Did he make an investment that yielded heavily?
All of these have to reflect in his profile.
● Also, if your study application is based on self sponsorship, make sure to calculate your net worth, nortorize the document and submit along with your application.
