Funds Required for Skilled Workers and Professionals in Canada!

It is mandatory for the prospective Immigrant applicants to provide proof of ample financial assets and net worth to support self and dependants (is any) after you land in Canada. There are other mandates linked with your living in Canada. They are:

  • No financial assistance would be provided from the Canadian government for initial settlement.
  • You must be able to make use of your financial assets to support the entire cost of living of yourself and your clan in Canada.
  • The applicant is required to show proof of financial condition and net worth to the Canadian Visa office at the time of the submission of the application. The size of your family determines as to how much money is you are required to support yourself and your clan in Canada. Here is the table (the amounts are amended annually).
Number of
Family Members
Funds Required
(in Canadian dollars)
7 or more$29,337

In case the applicant has arranged employment in Canada, he/she is not required to have this much funds in Canada. It is mandatory to inform the Canadian official when you land in Canada. Failing to do so, you may be taken into police custody.

Consult an Immigration expert for more info on this.

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