Home |Canada PR | Do I need to have a bank balance to migrate to Canada?

Do I need to have a bank balance to migrate to Canada?

Answer Notify Me - 2 Notifying - 3
Jean at Adventus Canada immigration Jean at Adventus Canada immigration verified
Answered on December 23,2021

You need to have settlement funds. These funds are you to live in Canada for 6months without a job to support you and your family.  Examples are if you are single you need $13.5K. For a family of 4, you need roughly $21K etc.

How would you rate the answer?


Excellent Good Neutral Poor Bad

Thank you for your response..

Clap Clap 41
Share Share Answer Share Share
Views 1127 views
Mohzin Mohzin
Answered on November 04,2021

Yes. You need to show proof of funds to migrate to Canada. The requirement of proof of funds varies with the number of family members. 

As of 04 November 2021, this is the fund requirement according to Immigration, Refugees and Citizenship Canada (IRCC) Department. Hope this answers your question. 

Number of
family members		Funds required
(in Canadian dollars)
1$13,213
2$16,449
3$20,222
4$24,553
5$27,847
6$31,407
7$34,967
For each additional family member$3,560
Clap Clap 22
Share Share Answer Share Share
Views 1173 views
tesz.in
Hey , can you help?
Answer this question

Related Questions