The most important aspect of relocation to a new country is financial security. Without Money, there can be no relocation, and there cannot be any immigration. The smart applicant should always start with the immigration proceeding after calculating the number of funds they will require to move to another country. They need to have a settlement fund requirement set for the coming interim months.
There are many applicants who are clueless about the fund's requirement for Canadian immigration when they plan the proceedings. for ease of such appellants, let us divide the fund's requirement into two halves-
- First - The funds that will be required for processing and other immigration proceedings
- Second - Funds that will help you settle and will act as proof of fund in the documentation procedure.
It should be noted that there are more than 80 programs through which the applicant can immigrate to Canada, and every program will have its own cost and fund requirement depending on the applicant's profile and also the number of candidates immigrating. The most popular program of relocation is express entry program and provincial nominee program. This piece looks at the average cost of a Canada PR visa applicant through the express entry pathway.
What is the general cost of getting a Canada PR visa through the Canada Express Entry Program?
- Language ability test - IELTS (International English language Testing System) Examination = Rs. 14,000 /-
- Transcripts and documents from the university = Rs. 1000 /-
- Educational Credential Assessment (ECA) = CAD 230 /-
- Creation of an Express Entry Profile = NIL
- Medical Test and Police verification = Rs. 6000 /-
- Get a Permanent Residency (PR) Status on the CIC website = CAD 825 /- Plus 500 (RPR) Per persona) Primary Candidate fee – CAD 825 /-b)Secondary Candidate fee – CAD 825 /-c)Dependent Child fee (under 22 years of age) – CAD 225 /-
- Right of PR fee = CAD 500 /-
The calculation mentioned above is only for the Skilled worker category, and the calculation can change as per the category the candidate is applying in for the Permanent residency status of Canada.
What are the funds required for a Canada PR visa through the Express Entry Program?
They immigrate to Canada; the applicant needs to prove that he has acceptable funds for himself in the interim settlement period and also help his family settle.
The proof of funds of the candidate is an important document required for immigration to Canada, and it includes the following:
- Bank account statements
- shares / debentures / bonds
- Loans and credit documents
- The previous salary paycheck details
- The property or asset valuation
A smart candidate will undertake the initial steps of immigration to Canada, and only after carefully planning the loans, income, and scanning the security of his family members will he undertake the step of immigration
|
Number of Family Members |
Funds required |
|
1 |
CAD 12, 960 |
|
2 |
CAD 16, 135 |
|
3 |
CAD 19, 836 |
|
4 |
CAD 24,083 |
|
5 |
CAD 17,315 |
|
6 |
CAD 30,806 |
|
7 |
CAD 34,299 |
0 Comments