Thanks Koko for this informative video. Is it safe to assume that it’s not compulsory to have the POF for a minimum of 6 months? I have always assumed that the POF must be in your account way before you get an ITA. I’m glad to also hear that you can use your/spouse’s pension acct as a POF. Thank God we are not dashing the PFA our meney when we leave Nig.
Thank you Mr Micheal, the last letter you wrote with your hand writing . what letter is that and who need to write the letter. Pls help explain in your response .
That's the letter my spouse wrote to confirm that I have access to the money in her account for the purpose of our settling down in Canada. Thank you for watching.
No. An account statement is not a requirement for proof of funds. You only need it as a support document if you couldn't get a well-detailed reference letter from your bank.
Good day boss. Thanks for all you do. I just sold my land, can I use the proceeds as proof of funds. If yes, would ONLY a deed of assignment be sufficient proof of sale?
Thanks for watching my videos. Yes, deed of assignment and your account statement showing when the money entered should be fine. However, don't forget the other requirements for your bank reference letter too. Also, add a LOE as described in the video. All the best.
Hello sir, pls what do you advise on the POF one can do to apply immediately? My infant is involved that is why i cant wait for the 4-6months statement.
You mentioned to save as pdf for these documents. How do I submit it to them? Am I supposed to show them a physical document or I have to upload these to a portal?
Thanks a lot.. this was so informative... Please I have a question, After applying for PR as a couple and we got an Invitation to apply, can my spouse do his own biometrics from another country or he compulsorily has to come to Nigeria for his biometrics.. I am the primary applicant, presently in Nigeria but he is in another country..
Thanks for watching. I'm glad you found it informative. So sorry, I don't know the answer to your question. You want to follow the specific instructions in your biometrics request letter. You can also search on the Government of Canada's official website. All the best.
Please check the government's website for guide on POF - www.canada.ca/en/immigration-refugees-citizenship/services/immigrate-canada/express-entry/documents/proof-funds.html
For the stanbic investment mutual account is the date I start the investment matter like must the investment be 6months old also like the 6months of normal savings account
Hello sir, please they just requested an additional document concerning my proof of funds😢…, I didn’t do all of this letter of explanation, although I am not joining funds with my wife and I used a fixed deposit for my proof of funds so now they are requesting that I send a letter from the bank to prove that I can access the money and I was given 10 days to do that… please be honest with your answer…is there still a chance?
thank you for your video. Sir please my question is. I got admission in Canada, I work and also do business which is registered with CAC. In my personal account I have 10000cad which has stayed about 6months now but the remaining 10000cad is in my business acct which I use to do business and you no is not always in the acct steady. So now if I transfer the money to my person acct does it mean I have to leave for six months before I can use it? Waiting to hear from you
Hello, Please my case is a bit complicated. I have my salary account with inflow and outflow of 18.9M and 18.3M respectively for the whole year 2022 with a balance of less than 1M due to some ongoing project. When I received my LOA, I needed to raise funds so< i obtained a loan of 2 million from a bank and was enforced to use their own account whereby, I won't be able to move the money to my salary account which I accepted. I converted this new account to my salary account with my 13th month and December salaries paid into this account ( both values roughly 2 million). I have paid my full tuition for the 1 year and only needed about 5 million for my living expenses and Miscellaneous. By ending of this month, I will be able to raise the remaining part of the money but by Feb which I plan to submit my application, the new account will only be 3 months by then. Can I use 3 months' SOA with the majority of my POF and add my previous salary account SOA already printed for a whole year showing 18.9M inflow and 18.3M outflow? NOTE: 3 months SOA with 6M, 12 months SOA with a balance of 800k ( Inflow and outflow of 18.9M and 18.3M respectively). I have 25% of my 14M RSA also available with a reference letter but my major concern is if I will be able to use 3 months SOA combined with SOA for a whole year with little balance
Hello Sir. Thanks for the video. It's so helpful. However plan using My Stanbic IBTC Mutual fund and my LEADWAY PENSION account. Will this two financial institutions be enough as proof of funds. Moreover, all the money in Stanbic IBTC mutual fund can be liquidated and I can access 25% of my leadway pension fund. PLEASE ADVISE. Thanks
Thanks for watching, I'm glad you found it helpful. Inasmuch as you can get the required reference letters from the financial institutions and the total amount is up to or more than POF for your family size, it should be okay. If you're not confident about it, please speak to a regulated immigration consultant. Wish you the best.
Oh thanks for this video...so the naira account balance can serve as POF. I always thought it must be a dollar account like a domiciliary account which unfortunately must be funded using black market rate.
Per IRCC, the POF letter from your bank should show 6 months average balance in your account. Please do your own research or speak to a licensed immigration consultant.
Hello...please I recently recieved ITA SINP. I wasn't aware of the 90days pof timeline. Please I see I can use RSA- does this mean the entire amount or the amount I have access to upon attaining retirement age.
POF is money readily available to you, not future value. You likely only have access to about 25% of your retirement savings after being out of work for 4 months. Hence, it's not a reliable POF. Avoid using it if you can.
Thank you so much for this video, it has been really helpful to me. Please kindly help me with my questions. I noticed you rounded up your POF CAD equivalent figure from "..., 078.5361" to "...,078.54". I just want to confirm that it is okay to round up the figures. Also, is IRCC's address as seen in your bank reference letter still the same till today? Thank you.
Please can you help us on every step. Have already gotten the Express link trying to follow up. I fill in some details which They reply,they sent me and email just don’t want to make mistake. Please any help you can offer will be very appropriated. Thank you God bless you. Good evening from Nigerian.
POF is a requirement for FSW. However, read up on Canadian Experience Class, you don't need POF for that program. Do note that I am not an immigration expert, so this is not professional advice please.
@@MykokosDiary okay thanks..... My wife's dad wants to send us the money, please what will be needed for us to do to complete the process... I know he must write a letter stating that he already gave use the money.. but is there any other letter we are to write.
Thank you so much for the detailed video. My question is that when applying for a study permit, can I have both the tuition and living cost in one account (mine)? Do I need a sponsor if this money is in my account? Thank you
Good morning sir pls I need you help, my uncle is the one sponsoring me to Canada 🇨🇦 though federal skilled worker program, Please sir can we use me uncle account as proof of funds, we don’t answer same surname, he really has the money
For FSW, I don't think sponsorship is an option. Your uncle can gift you the required POF amount and write you a gift deed. I suggest you speak to an immigration professional, also check this link for info on POF www.canada.ca/en/immigration-refugees-citizenship/services/immigrate-canada/express-entry/documents/proof-funds.html
Pls where can I put my bank statement I just gain admission in Canada i apply for the school my self we u advice me to apply for visa my self pls if yes can u pls guild me I beg
This depends on the visa type and family size. Check below link for POF requirements for Express Entry. www.canada.ca/en/immigration-refugees-citizenship/services/immigrate-canada/express-entry/documents/proof-funds.html
Hi sir,thanks for all you do here. Please,can I have my POF in two different banks,should I send the bank statement of the two different banks?Also do I need to stay the two banks in my LOE. Treat as urgent,sir.Thank you.
This is the exact scenario I talked about in this video. You can also read CIC's guide here www.canada.ca/en/immigration-refugees-citizenship/services/immigrate-canada/express-entry/documents/proof-funds.html Thanks for watching my video
Please am a Christian and my Sponsor is a Muslim . Can he still sponsor me since we have complete different names but he is financially sound to sponsor me. I need your help on this . Thanks
![Felix "Unfair" | [Stray Kids : SKZ-PLAYER]](http://i.ytimg.com/vi/Oswujxm2Ag0/mqdefault.jpg)
thanks a lot for this. this is super helpful
I'm glad you found it helpful. Thanks for watching
Hello! Wanted to thank you so much for this video. I used this for my application and received PPR in just 6 weeks!! ☺️
Wow! 6 weeks! Congratulations 🎉🎉🎉 I'm glad the video was helpful, and thank you for this awesome feedback.
What 6 weeks. I connect to this speed ooo
wow...congratulations
Thanks Koko for this informative video. Is it safe to assume that it’s not compulsory to have the POF for a minimum of 6 months? I have always assumed that the POF must be in your account way before you get an ITA. I’m glad to also hear that you can use your/spouse’s pension acct as a POF. Thank God we are not dashing the PFA our meney when we leave Nig.
Be careful with pension account tho, remember that you only have access to about 25% of it after being out of work for 4 months.
Man! This video is a bomb!!!! Thanks for sharing.
I'm glad you found it helpful. Thanks for watching!
Thanks for this breakdown. This is one part of my EE application that I have been looking for more clarification. 🙏🏿🙏🏿
I'm glad you found it helpful.
Hi, great video.
If I am completely showing the money from the agreement by selling a property, how long the money should be in the account?
Show proof of the sale transaction, no time period required.
Thanks for this video boss. I really appreciate, your channel has been a blessing
I'm glad you found my videos helpful. Thanks for watching!
Thanks Koko for this video. Please do I need to write ielts with my husband and also do Wes
This depends on your specific situation i.e CRS score. Please speak to a regulated Canadian Immigration consultant.
Hello, pls can this table be in the first page of the POF documents as a summary? Does it have to be in the SOP?
Yes. The example in the video is on POF document not SOP
can you advice on how best to show home ties for someone who doesn't have a property in Nigeria.
Business, job. You should speak to a regulated consultant as I am not one. All the best.
Hello Micheal thanks a lot for this video. I wish to ask if a credit union can issue proof of funds for the express entry process?
Yes, absolutely
I used my business account and my uncle also did GIC for me. Hope this helps
Thanks
Thank you Mr Micheal, the last letter you wrote with your hand writing . what letter is that and who need to write the letter. Pls help explain in your response .
That's the letter my spouse wrote to confirm that I have access to the money in her account for the purpose of our settling down in Canada.
Thank you for watching.
Hello Koko,thank you for your video.
For the 6months account statements ,would the closing balance for every 6months have to always be exact amount?
No. An account statement is not a requirement for proof of funds. You only need it as a support document if you couldn't get a well-detailed reference letter from your bank.
Very detailed information, thank you
Thanks for watching!
Good morning sir, please what if you have the money in your account for more tha six months is those documents till required
Please check the website of the Government of Canada for acceptable POF.
Good day boss. Thanks for all you do.
I just sold my land, can I use the proceeds as proof of funds. If yes, would ONLY a deed of assignment be sufficient proof of sale?
Thanks for watching my videos. Yes, deed of assignment and your account statement showing when the money entered should be fine. However, don't forget the other requirements for your bank reference letter too. Also, add a LOE as described in the video. All the best.
When it comes to conversion rate, do you use black market rate or bank rate
This was answered in the video. Use rates found on international exchange platforms.
@@MykokosDiary thank you
Hello sir, pls what do you advise on the POF one can do to apply immediately? My infant is involved that is why i cant wait for the 4-6months statement.
Please check the website of the Government of Canada for acceptable POF.
Please what if you don't have enough fund? Can you use a sponsored account and get a letter from him as proves?
Please follow the guideline for POF as stated on the government's website.
You mentioned to save as pdf for these documents. How do I submit it to them?
Am I supposed to show them a physical document or I have to upload these to a portal?
It's submitted online
Thanks a lot.. this was so informative... Please I have a question, After applying for PR as a couple and we got an Invitation to apply, can my spouse do his own biometrics from another country or he compulsorily has to come to Nigeria for his biometrics.. I am the primary applicant, presently in Nigeria but he is in another country..
Thanks for watching. I'm glad you found it informative. So sorry, I don't know the answer to your question. You want to follow the specific instructions in your biometrics request letter. You can also search on the Government of Canada's official website. All the best.
Thank you for the information sir, please i want to be clear about something, can i use someone's bank statement as POF?
Please check the government's website for guide on POF - www.canada.ca/en/immigration-refugees-citizenship/services/immigrate-canada/express-entry/documents/proof-funds.html
For the stanbic investment mutual account is the date I start the investment matter like must the investment be 6months old also like the 6months of normal savings account
Yes
Can I use a fixed deposit account of 1month for POF? Or it has be 6ths old
Please follow the guideline for POF as stated on the government's website.
Hello sir, please they just requested an additional document concerning my proof of funds😢…, I didn’t do all of this letter of explanation, although I am not joining funds with my wife and I used a fixed deposit for my proof of funds so now they are requesting that I send a letter from the bank to prove that I can access the money and I was given 10 days to do that… please be honest with your answer…is there still a chance?
Send the document they asked for, should be fine.
You are so detailed
Thank you!
thank you for your video. Sir please my question is. I got admission in Canada,
I work and also do business which is registered with CAC. In my personal account I have 10000cad which has stayed about 6months now but the remaining 10000cad is in my business acct which I use to do business and you no is not always in the acct steady.
So now if I transfer the money to my person acct does it mean I have to leave for six months before I can use it?
Waiting to hear from you
Sorry. Not sure I know the answer to this question
Hello,
Please my case is a bit complicated. I have my salary account with inflow and outflow of 18.9M and 18.3M respectively for the whole year 2022 with a balance of less than 1M due to some ongoing project. When I received my LOA, I needed to raise funds so< i obtained a loan of 2 million from a bank and was enforced to use their own account whereby, I won't be able to move the money to my salary account which I accepted. I converted this new account to my salary account with my 13th month and December salaries paid into this account ( both values roughly 2 million).
I have paid my full tuition for the 1 year and only needed about 5 million for my living expenses and Miscellaneous.
By ending of this month, I will be able to raise the remaining part of the money but by Feb which I plan to submit my application, the new account will only be 3 months by then. Can I use 3 months' SOA with the majority of my POF and add my previous salary account SOA already printed for a whole year showing 18.9M inflow and 18.3M outflow?
NOTE:
3 months SOA with 6M,
12 months SOA with a balance of 800k ( Inflow and outflow of 18.9M and 18.3M respectively).
I have 25% of my 14M RSA also available with a reference letter but my major concern is if I will be able to use 3 months SOA combined with SOA for a whole year with little balance
Put all this explanation in a letter. It's not complicated
Hello Sir. Thanks for the video. It's so helpful. However plan using My Stanbic IBTC Mutual fund and my LEADWAY PENSION account. Will this two financial institutions be enough as proof of funds.
Moreover, all the money in Stanbic IBTC mutual fund can be liquidated and I can access 25% of my leadway pension fund. PLEASE ADVISE.
Thanks
Thanks for watching, I'm glad you found it helpful. Inasmuch as you can get the required reference letters from the financial institutions and the total amount is up to or more than POF for your family size, it should be okay. If you're not confident about it, please speak to a regulated immigration consultant. Wish you the best.
i canot under stand i must do statment of bank it is from my bank in jordan, i have sinp from saschwan province to ITA what another paper what the LOA
Please follow whatever guideline you received when you got your ITA. All the best
Thanks for this video, what can be used as a proof for gift deeds? Ie. gift from family member. Thanks
A gift deed itself is proof of funds. Talk to a lawyer to help you draft one.
For POF,. can I use black market conversion rate if funds are available in USD?
No. Always use official rates found on xe or oanda for POF
does the money need to be in my account for that six months or as at when i get the pof till i get to canada
POF is money you'll use to settle down in Canada, so it should "ordinarily" be available to you till you land.
Please can my sister in the Uk sponsor me with her Uk account and what are the documents I need to provide to proof that
I don't understand this question. Sponsor you for what?
Oh thanks for this video...so the naira account balance can serve as POF. I always thought it must be a dollar account like a domiciliary account which unfortunately must be funded using black market rate.
Glad you found the video helpful. Thanks for watching.
Thanks Michael. Could you kindly reconfirm if the statement period requirement is 4 or 6 months?
Per IRCC, the POF letter from your bank should show 6 months average balance in your account. Please do your own research or speak to a licensed immigration consultant.
@@MykokosDiary Will do. Thank you.
@@MykokosDiary please how do I speak to this consultant
hello thanks for this video, is it okay to claim property sale?
Yes, you have to provide the document for proof.
Hello...please I recently recieved ITA SINP. I wasn't aware of the 90days pof timeline. Please I see I can use RSA- does this mean the entire amount or the amount I have access to upon attaining retirement age.
POF is money readily available to you, not future value. You likely only have access to about 25% of your retirement savings after being out of work for 4 months. Hence, it's not a reliable POF. Avoid using it if you can.
@@MykokosDiary thank you for your response. SINP listed RSA plan as one of the accepted pof.
Thank you so much for this video, it has been really helpful to me. Please kindly help me with my questions. I noticed you rounded up your POF CAD equivalent figure from "..., 078.5361" to "...,078.54". I just want to confirm that it is okay to round up the figures. Also, is IRCC's address as seen in your bank reference letter still the same till today? Thank you.
Yes. Please check the official website to confirm addresses.
Please can you help us on every step. Have already gotten the Express link trying to follow up. I fill in some details which They reply,they sent me and email just don’t want to make mistake. Please any help you can offer will be very appropriated. Thank you God bless you. Good evening from Nigerian.
I already responded on your other comment
@@MykokosDiary thank you
Hello, pls if I am using investment, will it’s statement also be for 6months?
No
I’m a PGWP holder with full time job but no job offer or LMIA, do I still need POF for FSWP?
POF is a requirement for FSW. However, read up on Canadian Experience Class, you don't need POF for that program. Do note that I am not an immigration expert, so this is not professional advice please.
Can domiciliary account be used as POF?
Yes
@@MykokosDiary okay
Thank you so much
For a Bachelor degree am I to have my four years tuition fee and living expenses as my proof of funds
Yes
What if the investment hasn't matured yet?
That's not an issue. You can get a reference letter for that from your bank
Can I show my investment account from an investment company that is not a bank?
Use a CBN regulated financial institution.
Can I use my moms mortgage bank statement for proof of fund?
I don't think so. Please check the website of the Government of Canada for acceptable POF
Please I have an Aiico investment, can I use that as my Proof of funds.
Yes
very informative
Thanks for watching!
Please can the proof of fund be in a single account..for the both of you.
Yes
@@MykokosDiary okay thanks..... My wife's dad wants to send us the money, please what will be needed for us to do to complete the process... I know he must write a letter stating that he already gave use the money.. but is there any other letter we are to write.
Do I need to show my proof of funds in Canada port of entry
An immigration officer can ask for it
Excellent
Thank you for watching!
Hello do I need court documents for a self sponsor study permit
What type of court document are you referring to?
@@MykokosDiary affidavit
Thank you so much for the detailed video. My question is that when applying for a study permit, can I have both the tuition and living cost in one account (mine)? Do I need a sponsor if this money is in my account? Thank you
You should speak to a regulated consultant as I am not one. All the best.
Can all the money come as gift deed?
Yes
@@MykokosDiaryreally? So even if I have just 2 million and the rest from my brother And It will be approved?
@@Derakodje don't forget that I don't work for IRCC neither am I a consultant.
Please I need Canada official website. Thank you for helping me out.
canada.ca
Good morning sir pls I need you help, my uncle is the one sponsoring me to Canada 🇨🇦 though federal skilled worker program, Please sir can we use me uncle account as proof of funds, we don’t answer same surname, he really has the money
For FSW, I don't think sponsorship is an option. Your uncle can gift you the required POF amount and write you a gift deed. I suggest you speak to an immigration professional, also check this link for info on POF www.canada.ca/en/immigration-refugees-citizenship/services/immigrate-canada/express-entry/documents/proof-funds.html
@@MykokosDiary thanks a lot I really appreciate 🙏🙏🙏
Can you show proof of funds with your uba account
Yes
Pls where can I put my bank statement
I just gain admission in Canada i apply for the school my self we u advice me to apply for visa my self pls if yes can u pls guild me I beg
Search on RUclips for step by step guide for Canada study visa application
How can one private chart bro?
Send a DM on Instagram @MykokosDiary
please what's the minimum proof of fund required in total for one's visa to be granted?
This depends on the visa type and family size. Check below link for POF requirements for Express Entry. www.canada.ca/en/immigration-refugees-citizenship/services/immigrate-canada/express-entry/documents/proof-funds.html
Hi sir,thanks for all you do here. Please,can I have my POF in two different banks,should I send the bank statement of the two different banks?Also do I need to stay the two banks in my LOE. Treat as urgent,sir.Thank you.
This is the exact scenario I talked about in this video. You can also read CIC's guide here www.canada.ca/en/immigration-refugees-citizenship/services/immigrate-canada/express-entry/documents/proof-funds.html
Thanks for watching my video
@@MykokosDiary Thank you so much for the prompt response,sir.
Can I use my husband’s account for my study visa
Yes, with enough proof that you have access to the funds in that account.
Please is it compulsory my sponsor leave the money in the account until the visa is issued or they only need the account balance
Please check the Gov't of Canada's official website or speak to a regulated immigration consultant about this.
You didn't discussed funds proof for study permit.
The concept is similar. Read about it here www.canada.ca/en/immigration-refugees-citizenship/services/study-canada/study-permit/get-documents.html
My president
Sir Niyi. I greet you sir!
Please am a Christian and my Sponsor is a Muslim . Can he still sponsor me since we have complete different names but he is financially sound to sponsor me. I need your help on this . Thanks
I don't think religion is an issue here. When you say "sponsor", how do you mean? That's not quite clear.