IRCC recently updated the amount of funds necessary for the Federal Skilled Worker and Federal Skilled Trades Programs. Number of Family Members Funds Required (in Canadian dollars) 1 $12,474 2 $15,530 3 $19,092 4 $23,181 5 $26,291 6 $29,652 7 $33,013 The applicant should include themselves, their spouse or partner, their dependent children and their spouse’s dependant children when calculating the size of their family. This calculation includes spouses and dependent children who are permanent residents or Canadian citizens. Funds need to be transferable and available and unencumbered. Settlement funds must solely be in the name of the principal applicant. They cannot be co-owned or held in partnership by anyone else. These funds must be available both at the time of application and when a permanent resident visa is issued. The applicant will need to prove to an immigration officer that they are able to legally access those funds to settle in Canada when they arrive. Please note that Canadian customs regulations require that all travelers to Canada must declare if they are bringing more than CAN $10,000 into Canada. Failure to do so could result in a fine and the funds being seized. Back to all posts Share this post: Facebook-Logo Twitter-Logo Linkedin pinterest Mail-Logo
Madhuker Akula Associated with Borders Law Firm for 13+ years, I have nothing but the best things to say about their services. Devika and Andres are very knowledgeable and they treat you with respect and compassion. Working with Jenny, their Associate Lawyer during the most recent recent experience has further assured that the firm has the best people portraying their wealth of experience in all aspects of Canadian immigration law.
Amit Pandey We wanted to write sincere thanks to John, Devika and Borders Law firm for the help throughout the process. John was extremely kind and thorough and he counselled with suitable options available for me on migration to Canada, documentation submissions, query resolutions, visa processing and continued personal support and follow up until the last step I am beyond grateful for their kindness and service. I will be using them for any changes to our companies immigration needs going forward. Would recommend this firm for anybody blindly looking for immigration help. They would guide you with complete transparency and professionalism. Thank you once again.
Khalil Ahmad I have had a great experience with Borders Law firm through out my son's citizenship and my wife's PR application. Devika, John Yoon, and Brendan are well knowledgeable and always gave the best advice. John Yoon, I can't thank you enough he made sure all the paper work is in order and dealing with 3 different department at the same time at he tail end of my wife's PR application, always there to answer my questions even after hours. John was just wonderful though out I have had a great experience with Borders Law Firm and I would strongly recommend this firm.
Abin Abraham Borders Law firm is one of the best immigration consultants & lawyers in Ontario, Canada. Their way of service is outstanding & Ms.Devika’s service is really appreciable. She will clearly tell the best option that suits you. Special thanks to Jenny, she helped the documentation part in a professional way. I will 100 percentage suggests borders law firm for immigration-related services. Thank you so much for your service.