June 25, 2022

Are you interested in becoming a permanent resident in Canada and want to know what to budget for? If yes, then this post is for you!

One question I get a lot of times is, how much will I spend to become a permanent resident in Canada as an immigrant?

The answer to this question is, however, not as straightforward as many people think. But this is a budget template to guide you on what to prepare for.

As of April 2022, you will spend AT LEAST $2,090CAD to become a permanent resident in Canada. This is based on certain conditions further explained here. And a breakdown of the budget is also presented below.

In addition to this, you will also show your proof of settlement funds, this is based on the program you are applying for, and the number of family members in your application.

Any time I get the question “how much will I spend to be a permanent resident in Canada?”, the first answer in my head is “it depends”. What you will spend depends on many things (family size, profile, PR Program, exchange rate, etc).

When applying for permanent residency in Canada, the general things you will spend money on are:

  • Language Tests
  • Degree Assessment (Educational Credential Assessment)
  • Medical Test
  • Application and Biometric fees
  • Police Certificate
  • The settlement funds (you only need to show proof of the money you have for this)
  • Other miscellaneous documents (i.e International Passport, Transcripts, Courier Services, etc)

The $2,090CAD budget above is based on the conditions that you are:

  • A SINGLE applicant
  • Writing only one of the language tests (English/French), and writing it once
  • Doing your application yourself (no authorized representative)
  • Cost of getting your transcripts for the Educational Credential Assessment (and other fees, i.e for passports and courier services are not included)

Budget Breakdown

  • IELTS: $250 or more (if you are applying as a family and your spouse is doing the language test as well, or if you are doing a second language test in French).

  • Educational Credential Assessment: $220 or more (if you are applying as a family and your spouse needs to do the assessment to give your application more points).

  • Medical Tests: $135 or more (this is a Naira equivalent and may be more based on the country you are doing the test. It is also a higher fee if you are applying as a family and doing the medical test for other family members).

  • Application and Right of Permanent Residence Fee: $1,365 (this amount is for one person and you will pay an additional $1,365 if you have a spouse, and $230 for each child you have if you have children in your application). It covers

  • Biometric fee: $85 (this amount is for one applicant, and the biometric fee is $170 if you are applying as a family)

  • Police Certificate: $35 (this is a Naira equivalent of the Police Certificate for one person in Nigeria. The amount may be more based on the country you are getting the certificate from, or if you need it for more than one person).
  • Settlement funds (this is based on the program you are applying for and the number of family members)

As earlier mentioned, you may also need to show proof of settlement funds. This will depend on the PR program and family size. Click on the link in each program below for details of the total amount you need for your application.

For Express Entry

For Atlantic Immigrant Pilot Program

For Rural and Northern Immigration Pilot

Who does not need proof of funds

You don’t need to show that you have enough money to support yourself and your family if

  • you’re applying under the Canadian Experience Class or
  • you’re authorized to work in Canada and you have a valid job offer, even if you apply under the Federal Skilled Worker Program or the Federal Skilled Trades Program

What is accepted as proof?

Funds must be readily available to you. For example, you can’t use equity on real property as proof of settlement funds.

You also can’t borrow this money from another person. You must be able to use this money to pay the costs of living for your family (even if they aren’t coming with you).

If your spouse is coming with you, you can count money you have together in a joint account. You may be able to count money in an account under their name only, but you must prove you have access to the money.

The funds must be available both when you apply and when (if) we issue you a permanent resident visa. You must prove to an immigration officer that you can legally access the money to use here when you arrive.

For proof, you must get official letters from any banks or financial institutions where you’re keeping money.

Letter(s) must

  • be printed on the financial institution’s letterhead
  • include their contact information (address, telephone number and email address)
  • include your name
  • list outstanding debts such as credit card debts and loans
  • include, for each current bank and investment account, the
    • account numbers
    • date each account was opened
    • current balance of each account
    • average balance for the past 6 months

Additional costs for all applicants:

  • If you, your spouse, or other family members (who are over 18 years of age) have lived in any other country for 6 months or more in a row in the last 10 years, you also need a Police Certificate from those countries. You do not need a Police Report for the time spent in Canada.

Lastly, you may also incur additional costs on:

  • Transportation
  • Getting your transcripts or certificates
  • Rewriting your IELTS
  • Writing a second language test (in French) for more points
  • Degree assessment or language test for your spouse, and/or
  • Provincial nomination (if needed)

Final Note

My advice for you is to take it one step at a time!

If you have little money, start with getting your passport. Then start the degree assessment (because this takes more time to finalize), then write your language test, and start saving for your proof of settlement funds, etc.

If there’s one thing I know for sure, it is that only a few people have all the amount they need when they started the journey. This is a marathon, not a sprint….. and there is a lot of figuring out along the way.

And for those asking, you will only provide your proof of settlement funds, and pay the application and biometric fees when you are ready to submit all final documents.

For Express Entry applications, this is after you have received the Invitation To Apply (ITA). You will also be given up to 60 days from when you are invited to submit all final documents and to make the required payments. This gives you more time to put things together.

I hope this is of help to someone, and if you find it useful, do not forget to bookmark and share it with others.

For more information on the permanent residence application process, requirements, and other information to ensure a successful application, please see the resources already compiled here.

NB: The posts and information on this website are not legal advice.

© Olu of Canada

7 thoughts on “How much do you need to become a Permanent Resident in Canada?

  1. Hello, am a student currently studying masters in public health in the United Kingdom. Would love to know the best and possible way to migrate to Canada and how to kick start about this. Would love to hear from you. Thanks

  2. Hello,i’m a zimbabwean currently in china.I wanted to know if it’s possible to apply for a permanent residence while outside the county (Canada).If not possible what other available options i can take to move to Canada

  3. How can I apply. I am a Nigerian who study computer Engineering. Am also done with my National Diploma trying to apply for a Bsc scholarship in Canada.

  4. Hello sir, concerning the proof of funds, can it be done in another way like another person helps if someone doesn’t have means to gather such amount?

    1. For Permanent resident applications, the money must be in your account, and in your name. Or in the name of your spouse if you are immigrating with your spouse. Family members can support you and give you the funds as a gift, but they must have released the funds to you to put in your account.

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