Proof of funds
The Government of Canada does not provide financial support to new skilled worker immigrants. You must show that you have enough money to support yourself and your dependants after you arrive in Canada. You cannot borrow this money from another person. You must be able to use this money to support the costs of living for your family.
You will need to provide proof of your funds to the Canadian visa office in your home country when you submit your application for immigration. The amount of money you need to support your family is determined by the size of your family. These amounts are updated every year.
Number of ........... Funds Required
Family Members ... (in Canadian dollars)
1 ....................... $11,115
2 ....................... $13,837
3 ....................... $17,011
4 ....................... $20,654
5 ....................... $23,425
6 ....................... $26,419
7 or more ............ $29,414
Note:
You do not have to show that you have these funds if you have arranged employment in Canada.
How much money should you bring?
a) Find out how much it costs to live where you are planning to settle in Canada.
b) Bring as much money as possible to make moving and finding a home in Canada easier.
Disclosure of funds
If you are carrying more than C$10,000, tell a Canadian official when you arrive in Canada. If you do not tell an official, you may be fined or put in prison. These funds could be in the form of:
• Cash
• Securities in bearer form (eg. stocks, bonds, debentures, treasury bills) or
• Negotiable instruments in bearer form (eg. bankers' drafts, cheques, travellers' cheques or money orders).
Ref:
http://www.cic.gc.ca/english/immigrate/skilled/funds.asp#tphp idtphp
Date Modified:
2010-12-15
