When you apply for permanent residency in Canada, there are various charges applicable at different stages of your application process, i.e. right from fee required for required documents, such as IELTS test result and ECA to Canada PR visa fee as well as the proof of funds requirements.
Let’s take a look at all the Canada PR charges applicable one by one. Since express entry is the fastest and most popular immigration system of Canada, let’s see the charges in terms of EE process.
To create a profile in Express Entry, you need two key documents, i.e. IELTS test result for English proficiency and ECA from WES or any other approved authority.
Economic immigration (including Express Entry), Fees apply to:
|Your application (without right of permanent residence fee)||
Include your spouse or partner
|Include your spouse or partner (without right of permanent residence fee)||
|Include a dependent child||
Proof of funds is a document presented in front of Canadian Immigration authority in the form of a security, bank or custody statement. The main purpose of this document is to ensure that you have sufficient funds to settle in Canada.
If you receive an ITA (Invitation to Apply), then you must give written proof to IRCC that you have enough funds to financially support the livelihood of your family and yourself in Canada.
But, the first thing you should know about Canada immigration is that there is no application cost for Canada PR if you apply via the Express Entry program.
You need to show Proof of Funds Canada Provincial Nominee Program. PNPs comes attached to a processing cost. Some PNPs like Saskatchewan ask for a non-refundable fee, so it is advisable to check these details before applying.
The total amount of money you need to support your family s living depends on your family s size. To calculate your family s size, you must include:
You can refer to the table below, showing the updated minimum settlement fund requirements for Express Entry. In case you have extra money, you can list the complete amount in your application or profile.
Number of Family Members
|Funds Required (in Canadian dollars)|
|For each additional family member||$3,492|
Proof of funds required for Canada Immigration
For proof, you must show official letters from any financial institutions or banks where you keep your money. Letter/s must list:
You need to show proof of funds documents to meet the required criteria of:
You have not required the need to show that you have sufficient amount of funds to support your family and yourself, if:
If you find the above information relevant and seek more information and updates regarding immigration funds requirements, you can visit Canada PR Avenue. This online portal is owned and managed by Visas Avenue and is nothing less than an encyclopedia of Canada Immigration.
You can find detailed write-ups and latest news about Canada immigration process, fee structures, changing laws and rules and more. With a team of well-qualified and informed immigration experts and writers, you can be sure about the authenticity of every piece of information published online.
So, you don t need to be an uninformed applicant, struggling to understand and cope with tricky visa formalities. With Canada PR Avenue by your side, you can start your immigration process.