While landing, is it compulsory to have minimum required POF in physically

[Wolverine17]

You only need the latest bank statement. You can use the old letter that you submitted to IRCC. You cannot carry more than 10K CAD in cash/check. If you do, you will have to declare it, and it will be confiscated until you declare documentary proof of the source.

Ok great so what if i carry 10,000 canadian dollars in cash and show the remainig amount of funds as 6 month bank statement,is it ok?also will i need a bank letter with the statements or statements alone are fine?thanks

 

[Wolverine17]

Ok great so what if i carry 10,000 canadian dollars in cash and show the remainig amount of funds as 6 month bank statement,is it ok?also will i need a bank letter with the statements or statements alone are fine?thanks

Sorry one more question i will need the latest bank statement only or 6 month statements?

 

[DiNaV]

Everyone is talking about bank statements . I have a term deposit that I had shown as POF and its certificate I had submitted with my application. Now what do I need to carry as POF? That same term deposit certificate? If yes, the original one or copy will do?

 

[Wolverine17]

Everyone is talking about bank statements . I have a term deposit that I had shown as POF and its certificate I had submitted with my application. Now what do I need to carry as POF? That same term deposit certificate? If yes, the original one or copy will do?

Try to carry the same one you used for application,original is better i believe

 

[Wolverine17]

Ok great so what if i carry 10,000 canadian dollars in cash and show the remainig amount of funds as 6 month bank statement,is it ok?also will i need a bank letter with the statements or statements alone are fine?thanks

Bump for an answer

 

[rockytg]

Try to carry the same one you used for application,original is better i believe

Can term deposits be used as proof of funds at POE. The reason being when one is actually moving to Canada then the money should be readily available. There can be restrictions on breaking a term end deposit.

I, too had term deposits as proof of funds in my PR application. However, before I was to move to Canada I ensured that there was enough money in my bank account Sans the term deposits, hence moved the money of term deposits to my bank account.
So, not saying that term end deposits are not accepted as proof of funds at POE but just wanted to play safe. Could be this step was just not required.

 

[Wolverine17]

Can term deposits be used as proof of funds at POE. The reason being when one is actually moving to Canada then the money should be readily available. There can be restrictions on breaking a term end deposit.

I, too had term deposits as proof of funds in my PR application. However, before I was to move to Canada I ensured that there was enough money in my bank account Sans the term deposits, hence moved the money of term deposits to my bank account.
So, not saying that term end deposits are not accepted as proof of funds at POE but just wanted to play safe. Could be this step was just not required.

I am not sure let other members tell you their opinions

 

[DiNaV]

Can term deposits be used as proof of funds at POE. The reason being when one is actually moving to Canada then the money should be readily available. There can be restrictions on breaking a term end deposit.

I, too had term deposits as proof of funds in my PR application. However, before I was to move to Canada I ensured that there was enough money in my bank account Sans the term deposits, hence moved the money of term deposits to my bank account.
So, not saying that term end deposits are not accepted as proof of funds at POE but just wanted to play safe. Could be this step was just not required.

You could be right. Actually I will not be able to show this term deposit as POF at the airport when I land because they need to see liquid cash i.e. either cash or travel cards or bank statements (from Canadian Bank). And that cash I plan to take from my other account rather than break my term deposit. I got to know this from a travel agent. Also he said that not more than 3500 canadian dollars in CASH can be carried with you. Plus the remaining about that is 12600(this is the min. amount for single primary applicant) - 3500 = 9100 should be in form of travel cards/travellers cheque/or bank statement of Canadian bank with you when you land. Is this true?

If yes, then I am confused about the declaration. So when they ask me how much money I have to declare...what am I suppose to declare? Only the cash that I have or the full amount that I am carrying in form of cash + card?

 

[rockytg]

You could be right. Actually I will not be able to show this term deposit as POF at the airport when I land because they need to see liquid cash i.e. either cash or travel cards or bank statements (from Canadian Bank). And that cash I plan to take from my other account rather than break my term deposit. I got to know this from a travel agent. Also he said that not more than 3500 canadian dollars in CASH can be carried with you. Plus the remaining about that is 12600(this is the min. amount for single primary applicant) - 3500 = 9100 should be in form of travel cards/travellers cheque/or bank statement of Canadian bank with you when you land. Is this true?

If yes, then I am confused about the declaration. So when they ask me how much money I have to declare...what am I suppose to declare? Only the cash that I have or the full amount that I am carrying in form of cash + card?

One can carry upto 10000 Canadian dollars without any restrictions. Refer below link for more details

http://www.cbsa-asfc.gc.ca/travel-voyage/ttd-vdd-eng.html

 

[rockytg]

Regarding the declaration part I am not sure on whether one needs to declare the card/travellers cheque or not or it is only limited to cash when more than 10000 Canadian dollars. But again declaration is not an issue till the time the money can be traced to be from a legal source.
Your case in case you buy a card or a travellers cheque ensure that you have a copy of receipt for the above purchase.(needs to be confirmed this part on whether receipt is really required)

 

[rockytg]

What I see is that you have money in another account of yours. If that is the case then you can have bank statements of that very account and a letter from the bank(on bank letter head) and stamped that you have X amount on Y day. Indian bank statements are valid.
Also ensure that internet banking is working for you, rarest of rare case if the Immigration officer is not satisfied you can log in to your account and show him the amount exists.

Few of the steps would not be required , however that would just add to your confidence that you would not have any issues with Proof of funds.

 

[DiNaV]

What I see is that you have money in another account of yours. If that is the case then you can have bank statements of that very account and a letter from the bank(on bank letter head) and stamped that you have X amount on Y day. Indian bank statements are valid.
Also ensure that internet banking is working for you, rarest of rare case if the Immigration officer is not satisfied you can log in to your account and show him the amount exists.

Few of the steps would not be required , however that would just add to your confidence that you would not have any issues with Proof of funds.

Thats what I want to do. Carry some cash and show rest amount leave in my bank here (yes, I have online banking too and that wont be a problem if I need to show it to the officer) so that I can transfer it online once I open a bank account in Canada. But I am not sure if immigration officer will accept this or not. Do you know any case where this has worked?

 

[Wolverine17]

Thats what I want to do. Carry some cash and show rest amount leave in my bank here (yes, I have online banking too and that wont be a problem if I need to show it to the officer) so that I can transfer it online once I open a bank account in Canada. But I am not sure if immigration officer will accept this or not. Do you know any case where this has worked?

I dont think that there will be any problem and anyways in most cases they dont even ask for pof at landing but always be prepared

 

[DiNaV]

I dont think that there will be any problem and anyways in most cases they dont even ask for pof at landing but always be prepared

Thanks buddy!

How I wish I could get a job before I land! All this nuisance of POF will come to an end then!!! It's troubling me more than the WHOLE EE experience! Phew!

 

[rockytg]

Thats what I want to do. Carry some cash and show rest amount leave in my bank here (yes, I have online banking too and that wont be a problem if I need to show it to the officer) so that I can transfer it online once I open a bank account in Canada. But I am not sure if immigration officer will accept this or not. Do you know any case where this has worked?

No such case I have heard of

I was not asked for any proof of funds. Plus I had my bank statements and a balance certificate from the bank. So, the chances of getting it verified online were minimal. It was just an extra measure from my side to make me feel confident that I have enough of evidence with me of proof of funds to prove to the IO.