Canada Immigration
How much money do you need to immigrate to Canada?
The applicants who wants to get permanent residency in Canada, often remain confused about the funds requirement for immigration to Canada, i.e. PR Visa fee, proof of funds for Canada immigration, etc.
The funds requirement for Canada Immigration can be divided into two parts.
1 ) Firstly, the funds required to create EE profile in the Federal Express Entry system or any other Canada Permanent Residency Program and
2 ) The funds requirement after when submitting Canada PR application (after receiving the Invitation to Apply).
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Find below the table of latest charges applicable for Immigration to Canada:
| Charges applied for | Amount in INR | Amount in CAD$ |
|---|---|---|
| IELTS Test fees | 12,700 | |
| ECA from WES fees (including courier charge) |
21,000 | |
| Canada PR Fees | 28,000 | 550 |
| Right of PR Fees | 25,000 | 490 |
| Medical Test | 5,500 | |
| PCC Fees | 500 |
Here is the breakdown and explanation of all the above applied charges for Canada PR.
Funds required to create online profile
To create profile on express entry, etc. you need two main documents, i.e. IELTS test result and Educational Credential Assessment (ECA). To obtain both the documents, you need to pay applicable fees.
1 ) IELTS Test fee (Over INR 11,300) for English proficiency
2 ) ECA Through WES fee (approx. CAD$200)
Funds requirement while submitting Canada PR visa application
To apply Canadian PR, you have to pay the PR fee for primary applicant, spouse as well as for dependent in the application.
Here is the breakup of charges you require paying:
1 ) The Canada PR visa fee for primary applicant at now is CAD $550 (primary applicant)+ Right of PR fee- CAD $490
2 ) Spouse/common law partner or family member fee- CAD $550+ Right of PR free $490
3 ) Child (Under 22 years of age) – CAD $150
Charges for obtaining Medical and PCC
You need some crucial documents along with the visa application form, i.e.
1) Medical Exam
2) Police Clearance Certificate (PCC )
Funds needed to show as Proof of Funds along with the visa application
To immigrate to Canada, you as an applicant of Canadian PR, need to show acceptable proof of funds Canada in order to convince the immigration authorities that you can support the stay of you and your family members for initial period, until you get your first income in Canada.
How to show proof of funds for Canada immigration
Well, to show proof of funds for Canada immigration, you need to show the adequate amount in your bank account, as desired by the Canadian government. For evidence or proof, an applicant must get official letters from banks or financial institutions where he/she is keeping money.
Proof of Funds Requirement from IRCC for Canada PR (Updated)
| Number of Family Members |
Funds Required (in Canadian dollars) |
|---|---|
| 1 | $12,475 |
| 2 | $15,531 |
| 3 | $19,093 |
| 4/td> | $23,181 |
| 5 | $26,292 |
| 6 | $29,652 |
| 7 | $33,014 |
| For each additional family member | $3,361 |
The applicant must bring as much money as he/she can to make moving and finding a home in Canada conveniently. Canadian customs regulations need an applicant to declare if you’re bringing more than CAN$10,000 into Canada. If an applicant doesn’t disclose the amount, he/she may be fined, and funds could be seized.