canada immigration: proof of funds

Since Canadian government does not provide financial support to immigrants, all skilled class immigrants have to show that they have enough money to support themselves and and their dependants after arriving in Canada. Immigrants cannot borrow this money from another person. They must be able to use this money to support the costs of living for their family. Proof of funds have to be provided to the Canadian visa office in applicant's home country when application is submitted immigration.

  • Proof of Funds are not required if applicant has Arranged Employment in Canada
  • The amount of money is determined by the size of applicant's family. These amounts are updated every year. See Table on right.
  • If you are carrying more than C$10,000, tell a Canadian official upon arriving in Canada. Failing this you may be fined or put in prison.
  • Funds may be in 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 or money orders).
  • Bring as much money as possible to make moving and finding a home in Canada easier.
  • Temporary foreign workers program changes

    New rules to strengthen Canada’s Temporary Foreign Worker Program came into effect on April 1, 2011. Citizenship and Immigration Canada (CIC) and Human Resources and Skills Development Canada (HRSDC) will be making significant changes to the current procedures impacting both foreign workers and Canadian employers.

    New IELTS Requirements for Applicants in Skilled Workers Class.

    Canadian government has decided to reduce the IELTS score requirement for Canadian Immigration Points system. Immigration Canada has now decreased the IELTS band requirement criteria for Canada Skilled worker Immigration points. Minimum IELTS score requirement for 4 points of Immigration has now been reduced.