Source of funds

[wyho007]

I will land soon, already setup bank account in Canada and sending money in.

My bank contact has been constantly reminding me to bring proofs for "source of funds" of my money sent. Has the rule changed that Canada is being really strict with money laundering measures suddenly or just my bank contact overly anxious?

Although I don't even have that much money and can easily proof by tax filings from country of origin, just find it strange.

In case it comes down to auditing source of funds proofs, it is the bank or CRA that will do the job?

 

[astralsource]

You will need POF bank statement as close as possible to the date of landing to prove you still have minimal fund requirement. Sometimes they ask for it, sometimes not, but if you dont have it, it will cause a problem.

 

[wyho007]

You will need POF bank statement as close as possible to the date of landing to prove you still have minimal fund requirement. Sometimes they ask for it, sometimes not, but if you dont have it, it will cause a problem.

Not that, I'm talking about the money that was already sent into the Canadian bank account well before landing. My savings from home. Bank requiring to show proof they are legal money.

I'm spousal sponsorship family class, so no need POF to show I can support myself financially as required by skilled workers.