@Sofia_Haydee: Process of online application is very straight forward. You just to strictly follow the instructions and document specification (including file size).
About the proof of funds, I included a peso and a dollar bank account statements with combined value of approximately $40,000 and a letter of sponsorship from my professor worth $20,000/year for 2 years. As far as I know, you have to have at least funds that can cover your first year expenses (including tuition, accommodation, food, miscellaneous) which usually ranges from $20,000-30,000 depending on your program and school.
Your visa will be processed here in Manila so peso accounts will be fine. You don't need to have bank drafts at these point since your not sure of whether your visa will be granted. You'll need bank drafts when you leave for Canada so you can easily transfer your money from the Philippines to a Canadian bank, unless you already have one.
Other documents like originals, tuition fee payments, accommodation, NBI clearance, Medical certificate, valid passport are only to be submitted once the visa office requests them.