How Much Money Will I Need To Immigrate To Canada?

No doubt, Canada remains the major destinations for immigrants and skilled workers who are searching for greener pastures. Its friendly immigration policy has also encouraged high skilled workers to come to the country.

The immigrants or newcomer who wants to migrate to Canada, often remain confused about the financial requirement for immigration to Canada, therefore today we will like to help you figure out the question “ how much money will I need to immigrate to Canada? We will explain these from two perspectives!

Immigration Through The Express Entry Program

If you are eligible to apply and obtain your invitation to apply (ITA) in the Express Entry pool it may take you up to six months to get your Permanent Residence. And in most cases you will need to prepare some money for the processing fees:

The process begins with a $1,750 payment per individual to get all the documents and pay all the required fees, which include the Express Entry Fee of $790 and the Right of Permanent Resident fee of $700. If you have a dependant, you will pay the additional sum of CA$150.

Another processing fee will be required for medical examination $700, and police record checks $40 and fingerprinting $55. For educational requirements, you will need to pay for the IELTS another $300, plus the Educational Credential Assessment (ECA) $275, and another $150 to get college transcripts and diplomas.

For those applicants who start the Canada immigration application process with an attorney or any legal expert, the sum may go up to another $1,500 – $6,500 investment.

After obtaining a permanent resident visa and want to travel to Canada, you might also need to present settlement funds, to show that you have enough money to support yourself and your family members when you immigrate to Canada. For a single individual, it cost $9,250.

Immigration Through Work Permit Visa

On the other hand, if you qualify to immigrate to Canada through a Work Permit which will enable you to live and work on a temporary basis in Canada, you will first have to make sure you go through the whole application process and pay the processing fees.

The processing fee for a work permit itself is $155. but if you apply for an open work permit the fee will be $100. You will also be required to pay for an Electronic Travel Authorization (ETA), which will cost about $7, plus the fee to be fingerprinted and photographed which sums up to $85.

Furthermore, In case you are planning to stay in Canada for a long time, you are going to have to show that you are in a good health position. You will need to get a medical test done at $350 and obtain what’s called a police certificate at the cost is $28.

Like every Canada immigration process to Canada, you will have to be prepared to pay the processing fees and wait a little while to immigrate to Canada.