As a matter of fact, there is no mention of bank statement as POF. It can be a DD or cash, but that money sitting in your home country is of no use unless it is brought into Canada. The reason for bringing this money is to keep you going for your initial period in a new country based on the cost of living for an average individual. It is always best to bring in money in the form of CAD, so if need be it can be used right away and you do not have to wait for getting money transferred from your home country to Canada when you are in dire straits.
From CIC website:
Proof of funds – Skilled workers and professionals
The Government of Canada does not provide financial support to new skilled worker immigrants.
You must show that you have enough money to support yourself and your dependants after you arrive in Canada. You cannot borrow this money from another person. You must be able to use this money to support the costs of living for your family.
You will need to provide proof of your funds to the Canadian visa office in your home country when you submit your application for immigration.
The amount of money you need to support your family is determined by the size of your family. These amounts are updated every year.
Number of
Family Members
Funds Required
(in Canadian dollars)
1
$11,115
2
$13,837
3
$17,011
4
$20,654
5
$23,425
6
$26,419
7 or more
$29,414
You do not have to show that you have these funds if you have arranged employment in Canada.
How much money should you bring?
Find out how much it costs to live where you are planning to settle in Canada.
Bring as much money as possible to make moving and finding a home in Canada easier.
Disclosure of funds
If you are carrying more than C$10,000, tell a Canadian official when you arrive in Canada. If you do not tell an official, you may be fined or put in prison. These funds could be in the form of:
•cash
•securities in bearer form (for example, stocks, bonds, debentures, treasury bills) or
•negotiable instruments in bearer form (for example, bankers’ drafts, cheques, travellers’ cheques or money orders).
Yahoo0 said:
Hi there,
I will appreciate if you please advise me, if bank statement (of last 3 months) acceptable at POE as POF?
Looking forward for your replies.
Regards,
Yahoo0