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How Much Money Do You Need to Immigrate to Canada?

Moving to a new country is a big decision; if you choose Canada, you've made a good choice. However, it's essential to consider moving to Canada because it can be expensive. But the good news is that there are many benefits to moving to Canada, and it will be worth it in the end.

DreamyHub by DreamyHub
August 13, 2022
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Compared to other popular immigration destinations, Canada is still reasonably affordable regarding immigration costs. A family of four immigrating to Canada is paying approximately CAD 11,000 less than a family of four immigrating to Australia. That’s a significant amount saved!

The process of immigrating to a new country is long and expensive, but the result is worth it. You will have a new life, better opportunities, and a bright future for yourself and your family. The amount of money you need to immigrate to Canada depends on the size of your family and the type of immigration program you apply for. You will also need settlement funds, visa processing fees, and the required documents. You may also need to bring your pet with you.

How Much Money Do You Need to Immigrate to Canada?

Number of Family MembersCost
1 – 2$13,213 – $16,449
2 – 4$20,222 – $24,553
5 – 6$27,847 – $31,407

For each additional member: $3,560.

If you’re thinking about moving abroad, you should start to save save save. If you don’t already have a job lined up in Canada, you’ll need adequate savings to get you through the first three months while settling into your new life.

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As soon as you arrive in Canada, you’ll need to pay for necessities like groceries, rent, transportation, and utilities. (Once you taste Poutine, it’ll be your new weekly treat.)

To ensure you don’t run out of money before receiving your first paycheck, the Canadian government requires that all permanent resident applicants have adequate savings, as indicated in the infographic above.

IRCC Settlement Funds for Canadian Immigrants

Immigration, Refugee, and Citizenship Canada (IRCC) created the Express Entry system, the most popular immigration pathway to Canada for skilled foreign workers and their close family members. The IRCC settlement funds change every year. In 2021, a single applicant without a spouse, common-law partner, and dependent children must have a minimum of CAD 13,213 savings to qualify for permanent residency.

A couple immigrating to Canada must have a combined sum of CAD 16,449 in settlement funds. You must add CAD 3,560 in savings for every additional dependent family member, even if they don’t move to Canada with you.

Important

Note that the number of family members includes those who will immigrate with you and those who will not. Even if your spouse or children do not immigrate to Canada with you, your savings must still reflect their share.

Express Entry Processing Fees

Creating an Express Entry profile is free. You will only need to pay a visa processing fee of $825 when you receive an ITA and submit a complete application. This fee includes your spouse or common-law partner. However, you will need to pay an additional $225 per dependent child accompanying you to Canada.

Also Read: Types of Immigration Categories in Canada

Processing Fees and Settlement Funds for PNP Candidates

The 11 Canadian provinces and territories have their own Provincial Nomination Program (PNP) for immigrants. Candidates hoping to increase their chances of immigrating to Canada can apply to a PNP. Each province and territory sets its application or processing fees and the federal immigration fees that successful provincial nominees must pay to apply for permanent residence.

To qualify for a nomination from a Canadian province, you must first have the required amount of money as specified by that province. The amount varies depending on the cost of living in that province. Once nominated, you must meet the slightly different settlement funds requirements set by the Immigration, Refugees, and Citizenship Canada (IRCC). Below are the settlement fund requirements for the provinces of Saskatchewan and Ontario.

Saskatchewan PNP Settlement Funds
Number of Persons in HouseholdMinimum Funds Required (CAD)
One Person$12, 669
Two People$15, 772
Three People$19, 390
Four People$23, 542
Five People$26, 701
Six People$30, 114
Seven People or More$33, 528

 

Ontario PNP Settlement Funds
Number of Persons in HouseholdMinimum Funds Required (CAD)
One Person$12, 164
Two People$15, 143
Three People$18, 617
Four People$22, 603
Five People$25, 636
Six People$28, 913
Seven People or More$32, 191

 

Right of Permanent Residence Visa Fee

The right of the permanent resident fee is $500 per adult applicant. The fee can be paid with the application fees to help reduce delays during processing. If the application is not approved, the fee will be refunded.

Temporary Visas and Immigration Documents Costs

If you want to experience life in Canada before immigrating, you can apply for a temporary visa, like a visitor visa or work permit. Having Canadian work experience or a Canadian qualification will increase your chances of success with your immigration application. Suppose you are ready to commit to life in this incredible country. In that case, you’ll need to collect a few documents needed for your immigration application, such as language test results and a medical examination.

 

Temporary Visas and Immigration Documents Costs
Visa Type or Immigration DocumentsCosts in CAD
Study Permit$150
Permanent Resident Federal Fee$1, 325
Work Permit$155
Visitor Visa$100
Visitor Visa (Family)$500
Working Holiday Visa$153
IELTS (English) Language Test$319
TEF (French) Language Test$440
Medical Examination$100 – $500
Police Clearance$20 on average
Education Verification$160 for a course-by-course evaluation and $100 for a document-by-document evaluation.

 

 

Immigration Agency Costs

Applying with an immigration agency can help you have a successful application process that is faster and easier. Regulated Canadian Immigration Consultants (RCICs) will manage all your paperwork for an additional fee and provide personalized guidance and advice throughout the process.

Below is a breakdown of the services you’ll be paying for;

Step 1: Eligibility Consultation with Consultants

They check if you meet the requirements to immigrate to Canada, including good health, a clean criminal record, and qualifying age.

Step 2: Immigration Program Evaluation By an RCIC

You will need to complete a detailed online questionnaire, which will be looked at by a professional Regulated Canadian Immigration Consultant (RCIC). They will figure out which of the more than 100 immigration and visa programs you qualify for and what province in Canada offers you the most opportunities.

Step 3: Document Verification & Application Submission

If you decide to move forward with your immigration application, you’ll be given a retainer agreement to sign. This allows our immigration specialists to handle your paperwork on your behalf. This includes collecting your documents, liaising with the Canadian government or your employer on your behalf, optimizing your final application, and submitting it to the IRCC.

Step 4: Receive Your Application Results

Ready to start your exciting, life-changing journey with professionals to help you along the way? Just fill out our application form to get your eligibility assessment today. The RCIC will update you on your immigration application status as soon as it changes.  

Frequently Asked Questions On Immigrating to Canada

What are the advantages of moving to Canada for singles, Couples, and families?

Moving to Canada has numerous advantages for couples, singles, and families.

  1. Canada is quite welcoming to newcomers.
  2. The nation has numerous social benefits, including free healthcare in the public sector and free schooling for children.
  3. Canada offers a variety of job possibilities for immigrants.
  4. The crime rate in the country is lower than in many other advanced countries.

What are the best and most popular methods to relocate to Canada for singles, Couples, and families?

The most well-known ways to go about it are through one of the programs, the Express Entry or Provincial Nominee Program. Another option is the family sponsorship program. However, only when you have relatives in Canada.

What’s the typical cost for moving into Canada for singles, Couples, and families?

It will depend on the number of people who are moving to Canada. For instance, an individual’s typical price of moving into Canada is CAD 15,498. However, it is for a couple, around 21,019 CAD. If you’re traveling as a family with two children, you’ll need to budget around 3013 CAD. This number only estimates and doesn’t include meals, lodging, or flight tickets.

Why do You need to relocate to Canada?

Moving to Canada as a result of improved life for yourself and your spouse and the child (if you have children), Canada should be the first option you consider. Additionally, Canada is a free country that doesn’t discriminate against any individual. Most importantly, you’ll enjoy the freedom to move and speak and unlimited possibilities in Canada.

What is the most appropriate moment to move to Canada for singles, Couples, and families?

The ideal time to relocate to Canada is during October. This is because, during that time, summer vacationers would have arrived at an end, and accommodations costs, transportation costs, and food prices would be back to normal. Additionally, summers tend to be more humid also. Therefore, it is recommended that you decide to move to Canada at a time when the weather is more enjoyable.

Conclusion

Moving to Canada for singles, Couples, and families is a thrilling experience. Nothing is as uncomfortable as leaving your home zone for a new country. But, preparation is essential. Moving to Canada isn’t so great when you think about the benefits of making a move. However, it’s your responsibility to plan and determine the best route to enter Canada. With proper budgeting and planning, you can accomplish many things. See you in Canada!

 

Tags: Canada ImmigrationCanadian immigration programsproof of funds letterTourism in Canada

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Immigration plays a vital role in shaping and developing a country’s economy. It strengthened the social structure and made a significant contribution to the growth of the labor market.Canada is one of the most popular destinations in the world. With diverse cultures, fascinating scenery, a stable economy, and high-quality public services, it is not surprising that many people aspire to emigrate to be part of the country’s rich heritage.

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