Moving to a new country often need to go through complex procedures. People who is thinking immigrate to other country need to be not only mentally prepared but financially prepared as well. Some popular immigration destinations are Australia, the USA, the UK and Canada. Moving to Canada is no doubt being a cost-efficient choice that can be much cheaper comparing to other destination countries. Now, let us find out how much money people need to move to Canada.

Proof of saving is mandatory when applying to immigrate. The Canadian visa office need to ensure each applicant have enough money to settle in the country. The immigration fee can be vary depending on which type of immigration program you are applying to and the size of your family. The Express Entry is the most popular immigration path in Canada recent years for foreign skilled workers and their family members. Take this Express Entry program as an example, according to the newest data of 2020, a single applicant must have a minimum of $12, 960 in their bank savings account in order to qualify becoming a permanent resident in Canada. Meanwhile, if you have a spouse who is moving with you, then the settlement fee will raise to $16,135. Other family members will add $3,492 into the account for each additional co-applicant. More than that, fees such as permanent residence visa costs (usually $500 for each successful applicant) and immigration agency costs may also need to be take into account.

Applicant need to pay attention to the cost of living as well since it might be different from the county you currently reside. Canadian household expenses include buying/rent a home, food, clothing, insurance, transportation, and etc. Since the cost may vary depend on which province you are going, applicants are recommended to do some research before moving forward to application process.

Proof of saving is mandatory when applying to immigrate. The Canadian visa office need to ensure each applicant have enough money to settle in the country. The immigration fee can be vary depending on which type of immigration program you are applying to and the size of your family. The Express Entry is the most popular immigration path in Canada recent years for foreign skilled workers and their family members. Take this Express Entry program as an example, according to the newest data of 2020, a single applicant must have a minimum of $12, 960 in their bank savings account in order to qualify becoming a permanent resident in Canada. Meanwhile, if you have a spouse who is moving with you, then the settlement fee will raise to $16,135. Other family members will add $3,492 into the account for each additional co-applicant. More than that, fees such as permanent residence visa costs (usually $500 for each successful applicant) and immigration agency costs may also need to be take into account.

Applicant need to pay attention to the cost of living as well since it might be different from the county you currently reside. Canadian household expenses include buying/rent a home, food, clothing, insurance, transportation, and etc. Since the cost may vary depend on which province you are going, applicants are recommended to do some research before moving forward to application process.

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