since we are on the topic of proof of funds.... we've done our medicals and submitted all the required documents in which proof of funds were not asked. seemed they were satisfied of the fund we showed initially in terms of land etc. anyhow we dont have liquid asset... i was also told that the bank statement should show atleast six months of funds. our consultant said that since they did not ask for POF along wid medicals, now we only have to show the bank statement at the time of our immigration so its okay if we deposit the amount even a month before cos we can say that we sold the land etc....
so will it be a red flag or not?
To my understanding and experience of others on this forum tells that you can have POF only in one of these forms
clearly mentioned on the website and Immigration Guide.
1- Cash in Canadian Dollars (some members said US dollars were also accepted)
2-Traveler's cheque and/or Bank draft.
3- Bonds,stocks etc.
Following is a quote from official website and the link is:
http://www.cic.gc.ca/english/immigrate/skilled/funds.asp
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:
1-cash
2-securities in bearer form (for example, stocks, bonds, debentures, treasury bills) or
3-negotiable instruments in bearer form (for example, bankers' drafts, cheques, travellers' cheques or money orders).
It is no where mentioned that bank statements are acceptable.
So I suggest you not to take any risk. If Visa officer asked to show the POF then you have to show in one of the forms as mentioned above.
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