Income, Financial and Eligibility Requirements for Canadian Relocation /Immigration

Income, Financial, and Eligibility Requirements

Permanent Residency in Canada

🔗Proof of Funds Requirement - IRCC

2. Temporary Residency in Canada

Temporary status allows you to live, work, or study in Canada for a set period.

🔹 Options include:

• Visitor Visa (TRV): Short-term stays (usually up to 6 months).

• Study Permit: For those enrolled at a designated Canadian institution.

• Work Permits: Employer-specific or open (e.g., through spousal sponsorship or youth exchange).

📌 Steps to Apply:

1. Check eligibility on the Government of Canada Temporary Residents page.

2. Gather documents (passport, proof of funds, purpose of stay).

3. Submit application online or via VAC (Visa Application Centre).

4. Provide biometrics if required.

5. Wait for approval and enter Canada with permit.

💰 Income Requirements: Must show enough funds to support yourself during your stay (varies by program).

Becoming a Permanent Resident gives you the right to live, work, and study anywhere in Canada, plus access to healthcare and social benefits.

🔹 Main Pathways:

• Express Entry: For skilled workers. Based on age, education, work experience, and language ability.

• Provincial Nominee Programs (PNP): Provinces nominate candidates with in-demand skills.

• Family Sponsorship: Canadian citizens/PRs sponsor spouses, children, or parents.

• Start-Up Visa Program: For entrepreneurs with investor support.

📌 Steps to Apply:

1. Determine eligibility via the Express Entry system.

2. Create an online profile and enter the pool.

3. Receive an Invitation to Apply (ITA) if you score high enough.

4. Submit application with supporting documents.

5. Complete medical and police checks.

6. Receive Confirmation of PR (COPR).

💰 Income Requirements:

• For Express Entry: Proof of funds ranges from ~$14,690 CAD for 1 person to $38,346 CAD for a family of 7 (updated annually).

• Express Entry:

  • No set minimum income for singles, but proof of funds is required (approx. CAD $14,690 for a single applicant; CAD $27,297 for a family of four).

  • Exceptions: if you already have a valid job offer or are working in Canada.

• Study Permits: Must show proof of tuition + approx. CAD $20,000 for living expenses.

• Work Permits: Employer must meet wage standards in your province.

🔗 Proof of Funds Requirement – IRCC