Proof of funds is one of the requirements for Canadian Immigrants from Immigration, Refugees and Citizenship Canada (IRCC) to determine whether the applicants have sufficient funds to stay and live in Canada while supporting their family members.
Furthermore, this money does not include equity on properties and also it can not be borrowed from another person. IRCC officer will ask for proof of accessibility of this fund upon arrival in Canada.
Who needs to show proof of funds?!
Applicants who applied through Federal Skilled Worker Program (FSWP) or Federal Skilled Trades Program (FSTP) are required to prepare proof of funds for their application.
Proof of funds requirements based on the number of family members
As of June 9th, 2022
|
Number of family members |
Number of family members |
Funds required in CAD |
|
1 |
1 |
$13,310 |
|
2 |
2 |
$16,570 |
|
3 |
3 |
$20,371 |
|
4 |
4 |
$24,733 |
|
5 |
5 |
$28,052 |
|
6 |
6 |
$31,638 |
|
7 |
7 |
$35,224 |
|
Additional family member |
Additional family member |
$3,586 |
Note: These numbers change every year based on different factors subjected by the government of Canada.
Why choose us?
We have been helping many applicants to become permanent residents for years and have a high success rate. Our clients from almost 20 different countries have experienced this with us and you can be the next successful. We know how to prepare documents and how to make your immigration process smooth and easy for you. Contact us HERE to start the process today!
If you are not a Canadian Permanent Resident yet and you are not sure what the best way for you to immigrate to Canada is, please fill out our assessment form and we will get back to you with your possible options.
