sonrivera Posted September 25, 2014 Share Posted September 25, 2014 My friend and I are going to Australia with our Working Holiday Visas. We are both Canadian. I know that we need a statement of an amount of at least $5000 CAD in our bank accounts and that's fine. What my friend is wondering is if he can use his RRSP savings and/or Line of Credit as the $5000 statement rather than just a savings/chequings statement. Any help would be great. Thanks Link to comment Share on other sites More sharing options...
Ozmaniac Posted September 25, 2014 Share Posted September 25, 2014 The $5000 can be in cash, bank accounts, unused credit on credit cards or any other accessible source of funds. If the other sources you've mentioned are readily accessible, I imagine they would also be acceptable. In any case, they often don't check at all but it's still a good idea to have the funds available in case of emergencies or periods of unemployment. Link to comment Share on other sites More sharing options...
sonrivera Posted September 25, 2014 Author Share Posted September 25, 2014 Perfect! Thank you very much! Link to comment Share on other sites More sharing options...
MaggieMay24 Posted September 25, 2014 Share Posted September 25, 2014 As long as the RRSP isn't locked in, I assume it would be acceptable since he has access to the funds. Link to comment Share on other sites More sharing options...
sonrivera Posted September 25, 2014 Author Share Posted September 25, 2014 The RRSP may actually be locked in... But if the "unused credit on credit cards" is acceptable then he should have no problem at all. This is a fact though, correct? Link to comment Share on other sites More sharing options...
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