UPDATED "Proof of Funds"

[niwrrehs]

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
Family Members Funds Required
(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

You do not have to show that you have these funds if you have arranged employment in Canada.

How much money should you bring?
Find out how much it costs to live where you are planning to settle in Canada.

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 (for example, stocks, bonds, debentures, treasury bills) or
•negotiable instruments in bearer form (for example, bankers’ drafts, cheques, travellers’ cheques or money orders).


CIC

 

[virgiemaricel]

Does this mean then that we need to bring this amount of money to Canada? I mean the updated amount and not the amount they required 6 months ago to us?

 

[niwrrehs]

NO. this information is intended for 2011 applicant only. you will follow the intended amount on the year you have applied.

niwrrehs

 

[napoleonbg]

do i need to carry all the money (required fund) with me???or i can carry the amount i want???

 

[niwrrehs]

You need to carry the required amount for you. You can carry Cash, demand draft, Travellers Check. No other else. But in CAD, Us. dollar and euro only.

niwrrehs

 

[pittabread]

do i need to carry all the money (required fund) with me???or i can carry the amount i want???

hi!

there is no minimum amount to carry. you don't need to carry exact $11086. you can carry little if you like. my friend carried $4000 and my brother carried $2000. they asked at airport how much they carrying and both told the exact amounts. no objection was made why were they not carrying $11086.

 

[napoleonbg]

thanks

 

[niwrrehs]

hi!

there is no minimum amount to carry. you don't need to carry exact $11086. you can carry little if you like. my friend carried $4000 and my brother carried $2000. they asked at airport how much they carrying and both told the exact amounts. no objection was made why were they not carrying $11086.

How lucky they are.