Proof of Funds

[Badmus]

The Government of Canada does not provide financial support to new skilled worker immigrants.

You must show that you have enough money to support yourself and your dependants after you arrive in Canada. You cannot borrow this money from another person. You must be able to use this money to support your family.

You will need to provide proof of your funds when you submit your application for immigration.

The amount of money that you need to have to support your family is determined by the size of your family.

Number of
Family
Members Funds Required
(in Canadian dollars)
1 $10,168
2 $12,659
3 $15,563
4 $18,895
5 $21,431
6 $24,170
7 or more $26,910

You do not have to show that you have these funds if you have arranged employment in Canada.

How Much Money Should you Bring?

Find out how much it costs to live where you are planning to settle in Canada.

Bring as much money as possible to make moving and finding a home in Canada easier.
Disclosure of funds:

If you are carrying more than CDN $10,000, tell a Canadian official when you arrive in Canada. If you do not tell an official you may be fined or put in prison. These funds could be in the form of:

cash;
securities in bearer form (for example: stocks, bonds, debentures, treasury bills); or
negotiable instruments in bearer form (for example: bankers’ drafts, cheques, travellers’ cheques, money orders.)

 

[iluvbaguio]

Based on CIC you dont have to show a proof of fund if you have arrange employement. Just show them proof that you have an employer waiting in Canada.

Good luck

 

[jeby]

Now the amounts changed. Please follow the link:
http://www.cic.gc.ca/english/immigrate/skilled/funds.asp

 

[rocky272727]

The Government of Canada does not provide financial support to new skilled worker immigrants.

You must show that you have enough money to support yourself and your dependants after you arrive in Canada. You cannot borrow this money from another person. You must be able to use this money to support your family.

You will need to provide proof of your funds when you submit your application for immigration.

The amount of money that you need to have to support your family is determined by the size of your family.

Number of
Family
Members Funds Required
(in Canadian dollars)
1 $10,168
2 $12,659
3 $15,563
4 $18,895
5 $21,431
6 $24,170
7 or more $26,910

You do not have to show that you have these funds if you have arranged employment in Canada.

How Much Money Should you Bring?

Find out how much it costs to live where you are planning to settle in Canada.

Bring as much money as possible to make moving and finding a home in Canada easier.
Disclosure of funds:

If you are carrying more than CDN $10,000, tell a Canadian official when you arrive in Canada. If you do not tell an official you may be fined or put in prison. These funds could be in the form of:

cash;
securities in bearer form (for example: stocks, bonds, debentures, treasury bills); or
negotiable instruments in bearer form (for example: bankers' drafts, cheques, travellers' cheques, money orders.)

Number of
Family Members Funds Required
(in Canadian dollars)
1 $11,086
2 $13,801
3 $16,967
4 $20,599
5 $23,364
6 $26,350
7 or more $29,337

 

[winnycanada]

must be in canadian dollars?

can the funds be in any other currency, the equivalent is still over the required canadian amount?

 

[Mezo2009]

Thanks for the update.

Number of
Family Members Funds Required
(in Canadian dollars)
1 $11,086
2 $13,801
3 $16,967
4 $20,599
5 $23,364
6 $26,350
7 or more $29,337

 

[indira_prab]

Re: must be in canadian dollars?

can the funds be in any other currency, the equivalent is still over the required canadian amount?

Obviously yes, it can be in any currency, as long as it can be exchanged when required

Thanks,

Indira Prabhakaran.