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How much money do you have to show to the bank to come to Canada?

How much money do you have to show to the bank to come to Canada?


How much money do you have to show to the bank to come to Canada?

Table of Contents:

1. How much money do you need to immigrate to Canada?

  • IRCC Settlement Fund for Canadian Immigrants:
  • Express entry processing fee:

2. Processing fee and SETTLEMENT FUND for PNP candidates

  • Saskatchewan PNP Settlement Funds:
  • Ontario PNP Settlement Funds

3. Right of Permanent Residence Visa Fee:

  • Cost of temporary visa and immigration documents:

4. Cost of temporary visa and immigration documents:

Immigration to a new country is a complex and long process that brings a difficult time but the result is certainly great: a new life filled with better opportunities for you and your loved ones and a promising future.

The amount of money you need to immigrate to Canada depends on the size of your family and the type of immigration program you are applying for. This includes settlement funds, visa processing fees, collecting the necessary documents and even bringing your pet.


1. How much money do you need to immigrate to Canada?

  • IRCC Settlement Fund for Canadian Immigrants:

Immigration, Refugees and Citizenship Canada (IRCC) has developed an express entry system that is Canada's most popular immigration route for skilled foreign workers and their close family members. The IRCC SETTLEMENT FUND changes every year. In 2021-2022, a single applicant without a spouse or common-law partner and any dependent child must have a minimum CAD $ 13,213 savings to qualify for permanent residency.  

Couples immigrating to Canada must have a total of CAD $ 16,449 in their settlement fund. Basically, you must add an additional CAD $ 3,560 savings for each additional dependent family member, even if they do not go to Canada with you.

Important:

It is important to remember that the number of family members includes both concomitant and non-concomitant dependents. This means that even if your spouse or children do not immigrate to Canada with you, your savings must reflect their share.


  • Express entry processing fee:

There is no cost to create an express entry profile. This is only when you accept an ITA and submit a complete application that you have to pay a $ 825 visa processing fee. This fee includes your spouse or common-law partner. However, you will have to pay an extra 5 225 for a dependent child to come with you to Canada. 


2. Processing fee and SETTLEMENT FUND for PNP candidates

Provincial application or processing fees are determined by each province and region. These are added on top of the federal immigration fees that allow Successful provincial nominees to apply for permanent residency.

Initially, you must meet the PNP Disposal Fund to qualify for the nomination. Necessary settlement funds may vary from PROVINCE to PROVINCE and depend on the cost of living in that area. However, as soon as you are nominated you will need to replenish the IRCC (see above) settlement fund which is slightly different from PNP.


See Settlement funds for the provinces of Saskatchewan and Ontario below

  • Saskatchewan PNP Settlement Funds:

Per person - 12,669

Two-persons - $ 15,772

  • Ontario PNP Settlement Funds

Per person - 12,164

Two-persons - $ 15,143.


3. Right of Permanent Residence Visa Fee:

Your Permanent Residential Fee costs $ 500 per adult applicant. Fees may be paid at the same time as your application fee to help reduce processing time delays.

  • Cost of temporary visa and immigration documents:

If you want to experience life in the Great North first before taking the leap, you may want to apply for a temporary visa, such as a visitor visa or work permit. The great thing about having Canadian work experience and / or Canadian qualifications is that it significantly increases your chances of immigration success. If you are committed to living in this incredible country, you will need to collect some documents required for your immigration application such as language test results and a medical exam.


4. The cost of temporary visa and immigration documents:

Study Permit = $ 150 + University Application Fee $ 100 - $ 150

Permanent Resident Federal Fee = $ 1,325

Work Permit = $ 155

See Visa Type or Immigration Documents = Cost in CAD

Visitor Visa = $ 100

Visitor Visa (Family) = $ 500

Working Holiday Visa = $ 153

IELTS (English) Language Test = $ 319

TEF (French) language test = $ 440

Medical examination = $ 100 - $ 500

Police clearance = $ 20 on average

Education Verification = $ 160 for course-by-course assessment and $ 100 for document-by-document assessment.

All Information collected from Canada.ca official website. Thanks

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