POF Query

[Waqas.vikc]

Hi All,

I have a simple query related to POF and let me ask in very simple manner.

Once i receive ITA and i prepare myself to apply for PR, how old should be the 13,000 approx Canadian dollars.

For instance if i apply in November 2016 which of the following scenarios are possible:

1. Can i inject money into my account 2 weeks before applying and take out money after a month or so

2. I inject money before 2 weeks and let be stay into my account till i get a PR

3. I have to inject money 6 months or before and have to be there till i get PR

4. I know this is a stupid question, but i have been in UK for couple of years and my bank account is still alive, although i have no valid visa. Can i show bank statement of that account provided i will be applying from Pakistan.

Thanks

 

[istari]

It has to be option 3. The money needs to be in your bank for 6 months before you apply, and until you land in Canada (not just until you get your CoPR; you will be required to show an updated bank statement when you land).

For question 4: that's fine; CIC doesn't care which bank your money is in.

 

[sushsmart15]

You can show money in any bank account (or a few bank accounts) which is in your name and it can be in any country provided that the total amount shown is equal to or more than that required in Canadian Dollars.
As long as you are able to show the source of your funds, then it is not mandatory that the funds should be held in your bank account for minimum six months. But it is better that you have them held it for a long period - the longer the period the better.
You need to maintain the funds in your bank account till you land in Canada. Do not think of withdrawing them before you land.

 

[Waqas.vikc]

Is it mandatory to insert required money before 6 months?

 

[IMTS]

I read in the forun that funds should be under your name for at least 90 days.

I wknder if a deposit certification/fixed deposit trabsferrable to my bank account on request and cashable is a valid proof.

 

[istari]

Is it mandatory to insert required money before 6 months?

No, but if the funds are newer than 6 months old, you have to provide proof of where the money came from (a deed of sale for a car, a gift deed, etc.).