How much funds are required for Canada PR?
How much funds are required for Canada PR?
When it comes to settling abroad, a large number of immigrants show their interest for Canada Permanent Residency because of its liberal immigration policies and a wide range of Canada immigration pathways. Generally speaking, there are four major pathways through which an applicant can apply for Canada PR visa program from India 2019
Four major pathways for Canada PR visa
Skilled or economic immigration pathway:
As the name implies, skilled or economic immigration pathways issued Canada PR visa to those prospects that have skills and experience to contribute to the growth of the economy of the country. For instance, Canada immigration Express entry program checklist and Quebec skilled worker program process are some of the most popular economic programs.
Employer-based immigration pathway:
As the name implies, Employer-based immigration pathway issued permanent residence visa to those prospects that have a job offer in hand from the employer of an overseas country.
Sponsorship based immigration pathway:
As the name implies, Canada PR sponsorship based immigration pathway issued permanent residence visa to those prospects that have a sponsor like a parent, spouse, brother, or sister in a foreign country with citizenship or permanent resident’s status in that country.
Business-based immigration pathway:
As the name implies, Business PR for Canada -based immigration pathway issued permanent residence visa to those prospects that have enough money to invest and manage in a business in an overseas country.
Among all these programs, Federal Express Entry points 2019 has been one of the most important pathways for Canada PR visa program from India 2019. It was introduced as a transparent and quick Canada immigration program to select and nominate eligible candidates. It has three immigration categories including, Federal Skilled Worker Class (FSWC), Federal Skilled Trades Class (FSTC) and Canadian Experience Class (CEC).
Three main Canada immigration Class
Federal Skilled Worker Class:
This economic category is an appropriate choice for those skilled worker immigrants who qualify Canada express entry minimum points and contribute to meet the labor shortage in the country.
Federal Skilled Trades Class:
This category invites semi-skilled foreign nationals with some basic requirements of education, work experience, language proficiency and more. To apply for this program, an applicant must qualify the Canada Federal Skilled Trades Program checklist.
Canadian Experience Class:
This category invites applicants who have work experience in Canada or who have studied in a Canadian university. Canadian Experience Class eligibility points include a minimum of CLB level 7 in language proficiency tests like IELTS, one-year work experience and more.
So if you are interested in Canada PR via Express Entry, then you need to show Proof of funds required for Canada PR from India 2019 necessarily. The amount of money varies according to the number of dependents in the family of an applicant. For an individual who is single or never married, the required amount is around 7,00,000 in INR whereas if an applicant is married, then its 7,00,000 for primary applicant, 1,50,000 for the secondary applicant (spouse) and 1,50,000 for every dependent kid.
|Number of family members||Funds required in Canadian Dollars|
|for each additional family member||3,414|
However, remember the Canadian government accepts only liquid assets or dissolvable funds as a part of Canada PR Visa Requirements 2019 which can be available to applicant for immediate use in Canada after immigration. For instance, borrowed money or equity on real property cannot be treated as proof of funds.
For further any information, feel free to contact experts of countrywide visas. Countrywide visas is one of the best Canada Immigration Consultants in Delhi for Canada PR with a large, devoted team of Canada Immigration experts offers hassle-free and professional services to its clients for filing their applications for various immigration programs.
You are welcome to call us or send us an email with your immigration questions and inquiries. You may contact us on 011-41075840 / 011-41045840 or leave a mail at firstname.lastname@example.org. You may also fill the Technical Assessment Form for free to get a call back from our Immigration Specialists. All you need to do is fill an assessment form and let our immigration experts assist you over the phone call or by meeting you in person and give you the best available options to fulfill your dreams of settling abroad.