This document contains a financial plan and explanation of funds for a Bachelor of Science in Computer Science program. It details the sources of income for the student's mother and father. The mother works and owns a property, with a total yearly income of 70.4 lakh Taka (equivalent to $94,180 CAD). After expenses, she can sponsor 60 lakh Taka ($80,267 CAD). The father owns a steel company and is managing director, with a total yearly income of 40 lakh Taka ($53,512 CAD) after expenses. Documents from both parents proving income are included. The total estimated costs for one year of study are 63,049 CAD. With the funds available from both parents totaling $
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Financial Explanation Letter of Canada Student visa.
1. Table of Content
No Name of documents Page No
1 Financial plan and Explanation letter 1
2 Bank Solvency and Bank Statements 2-6
3 Sponsor Mother’s Document:
4 Original letter of Employment 7
5 ID Card and Business Card 8
6 Four-Months Salary Statement 9-12
7 Income Tax Assessment Certificates (last two years) 13-14
8 Sponsor Father’s Document:
9 Business Registration/Trade License (English) 15-16
10 Shares in the Business 17
11 Business Tax Assessment Certificates (last two years) 18-19
12 Audit Authorization Copy 20
13 Capital Verification report 21
14 Recent Audited Financial Statement and Capital verification
report
22
15 Properties Income
16 Yearly Income 23
17 Rent voucher 24
17 Financial Declaration affidavit 25-28
2. Financial Plan
Bachelor of Science (Bachelor of Science - Computer Science program)
Explanation of Sources of Funds:
My mother works in a renowned company where she is well paid with a fine amount salary of
taka 12,00,000 BDT per year, besides this, she is the owner of our Bilkis Villa, she receives taka
61,20,000 BDT rent per year from this property, after deducting taka 2,80,000 BDT for the
maintenance cost the remaining balance is taka 58,40,000 BTD. Yearly, my mother’s total
income from her job and property is taka 70,40,000 in total. (In CAD $94180.59) After meeting
all our living costs and other expenses including tax payments, she saves taka 60,00,000 (In
CAD $80267.55) lacs per year. My mother is willingly sponsoring me in my studies, the
affidavit of my mother is attached below.
I will have attached my mother’s employment letter, salary statement, business card, two-year’s
tax return certificates, properties rent receipt copy and utility cards in this section.
My father is the owner of the BENZ steel manufacturing industry, where he holds 55% of the
total shares of the company, he receives taka 30,00,000 BTD (after paying all taxes) per year as
dividends from his shares. On the contrary, he is also the managing director of BENZ steel, from
his services he receives an amount of taka 24,00,000 BTD per year. After paying all taxes and all
our expenses, his remaining balance is taka 40,00,000 BTD. (In CAD 53511.70)
I will have attached my father’s trade license, BIN certificate, business tax return, audit copy of
financial statement, tax return and job letter in this section.
My parents are willingly sponsoring me for my studies, for which they have provided an
affidavit combinedly. I have attached all the necessary documents for this financial segment in
this certain file below so that it is easily understandable to you.
List of costs for 1 year FUND REQUIRED IN
CAD $
Tuition 2022-23 $31,622.25
Ontario International Recovery, Insurance, Board & Lodging and other Fees 14,727.07
Books $1700.00
Living Cost $10,000.00
Miscellaneous expenses $5,000.00
Total Expenses $63,049.32
Available funds FUND have IN CAD $
Total available funds $64,630.38