How Much Money Do You Need to Move to Canada?
Are you planning a move to Canada? Here's everything you have to know!
Canada world’s second largest country is constantly and rapidly growing mainly thanks to its welcoming immigrants policy which for years now encourage high skilled workers to come to the country.
Starting a new life in a new place always been overwhelming especially when you are coming from a non-English speaking country, therefore today we want to help you figure out how much money do you need in order to immigrate to Canada?
Immigration thorough the Express Entry Program
In case you are qualified to apply and received your invitation to apply in the Express Entry pool it might take you up to six months to obtain your Permanent Residence most likely you will have to present and prepare some capitals for the actual process such as:
The process starts with a $1,750 payment per person to gather all the documents and pay all the related fees, which include the Express Entry Fee of $790 and the Right of Permanent Resident fee $700. For each depended, you’ll need to pay an additional application fee of CA$150.
Another process is related in to paying for medical examination $700, police record check $40 and fingerprinting $55. For the required educational requirements, you will be requested to pay for the IELTS another $300, the Educational Credential Assessment $275, and another $150 for college transcripts and diplomas.
Most of the people who start the immigration process to Canada usually do that with an attorney or any legal help and that might sum up with another $1,500 – $6,500 investment.
In case you’re moving to Canada as a permanent resident, you’ll also need to show settlement funds, which is another way of demonstrating you have enough money to support yourself and your family members when you complete the immigration process. For a single person, it’s currently $9,250.
Immigration thorough Work Permit Visa
In case you are qualified to move to Canada through a Work Permit which will enable you to live and work in Canada you will firstly need to make sure you go through the whole process right and pay the fees involved.
The starting fee for a work permit itself is $155. If you need an open work permit, which, again, means you aren’t moving to work for a specific employer, the fee will be $100. You’ll also need to pay for an Electronic Travel Authorization (eTA), which will be involving the cost of $7, as well as the fee to be photographed and fingerprinted which sums up to $85.
Furthermore, In case you are planning to stay in Canada for a long time, you’re going to need to prove that you’re in a good health position. You’ll need to get a medical examination done and provide what’s called a police certificate the cost is $28. A medical exam that costs around $350 to $400 depends on your country of residence has to be done by a registered physician, which is a doctor that’s approved by the Immigration, Refugees and Citizenship Canada (IRCC) only.
Like every immigration process immigration to Canada involves fees and takes time but as you noticed you don’t need to be a millionaire in order to immigrate to Canada.
Check Your Eligibility For Canadian Immigration And Begin Your Clear Path To Canada