How much money do you need to immigrate to Canada?

If you’re thinking of immigrating to Canada, you’re likely wondering how much money you’ll need. The process of immigrating to Canada can be expensive, but it’s worth it! In this blog post, we will discuss the different costs associated with immigrating to Canada and provide some tips on saving money.

The government processing costs for a permanent or temporary resident visa are based on the number of family members accompanying the main applicant. They are separate from any payments made to an immigration consultant or attorney. Please note that these prices are subject to change at any time by IRCC.

Cost of Visa

Permanent residence fees differ from program to program, depending on the immigration stream you apply. Applicants should keep in mind that after their application has been accepted, they will be required to pay the Right of Permanent Residence (ROPR) Fee, a separate payment that is required of all approved applicants regardless of which program they apply under.

Principal applicant                               $CAD 825 plus $CAD 500 ROPR fee

Spouse Add $CAD 825 plus $CAD 500 ROPR fee

Children Add $225 per dependent

Cost of IELTS exam

For people who want to study or work in an English-speaking country like Canada, the IELTS (International English Language Testing System) is the most common English proficiency test. The cost of taking the IELTS exam varies depending on the location, but it typically costs between CAD 250 and 300.

Cost of Education Assessment (ECA)

An ECA (Educational Credential Assessment) is required for any applicant who wants to use their foreign education to apply for permanent residence in Canada. The cost of an ECA can range from CAD 230 to 300, depending on the country where you obtained your degree and the credential assessment agency that you use.

Cost of Travel

You’ll also need to factor in the cost of your travel to Canada. This can be a significant expense depending on where you’re coming from. If you’re immigrating from outside of North America, you’ll need to pay for a plane ticket to Canada. You may also need to pay for transportation once you arrive in Canada, such as a bus or train ticket.

Cost of Living

Finally, you’ll need to consider the cost of your living expenses in Canada. This includes the cost of housing, food, and other necessary expenses. The cost of living varies depending on which city you live in, but you can expect to spend at least $1000 per month on living expenses.

How much proof of funds is required?

The amount of money you’ll need to show varies depending on your circumstances. For example, if you’re immigrating as a skilled worker, you’ll need to show that you have at least $13,213 in savings. If you’re immigrating with a spouse or common-law partner, the combined total must be at least $16,449. And if you’re immigrating with a dependent child, the total must be at least $20,222.

The following are the acceptable proof of funds:

Cash

Stocks, bonds, and other documents that show you own property or have payable to you.

Banker’s draft, checks, and other documents that guarantee payment of a specific sum of money to you.

To summarize, the total cost of applying for a Canadian permanent residence visa from India is shown below:

Charges applied for    Cost

Canada PR Fee for Primary Applicant CAD$ 825 Right of PR Fee CAD$ 500 Spouse or Partner processing fee CAD$ 825 Dependent Child (Per child) CAD$ 225 ECA fees              CAD$ 230

ILETS Test Rs 13250

Medical Test Rs 5,500

PCC Fees Rs 1000

These are just general guidelines – please consult the IRCC website for specific requirements.

So, how much money do you need to immigrate to Canada? The answer is: it depends. The cost of your visa, travel and living expenses will all play a role in how much money you need to immigrate to Canada. However, with some careful planning and budgeting, you can make the process of immigrating to Canada more affordable.

If you have any questions about immigrating to Canada, or if you need help with the process, we can help. Contact us today to get started. We’re here to help you every step of the way.