Q. I have been approved as a Skilled Worker but need to know how much funds I need to settle in Canada?
________
A.
Under the Skilled Worker category of Immigration, the Canada Immigration Officer assessing an application must be satisfied that you have enough funds for settlement in Canada. The funds must be transferable and must the net amount minus your debts or other financial obligations. The requirement for settlement funds is waived if you have Arranged Employment in Canada.
The required settlement funds must be equal to or greater than the sums listed below for each family size. A current bank statement usually suffices to proof your settlement funds. The bank statement should not be just a print out of your financial transactions but should have your name, name of the bank and your account number to prove it is yours.
Below is a chart* for the settlement fund you would require for a Skilled Worker depending on your family size
| Number of family members | Funds required |
| 1 | 11,115 |
| 2 | 13,837 |
| 3 | 17,011 |
| 4 | 20,654 |
| 5 | 23,425 |
| 6 | 26,419 |
| 7 or more | 29,414 |
Of course you have to meet the required points under the Skilled Worker category to be approved in the first place.
* This chart is valid as of 2012
Any information provided here does not constitute legal advise and is intended for general information only. Should you require legal advise, you are encouraged to contact a lawyer directly. All blog postings are public and are not subject to solicitor/client confidentially. Case results depend on a variety of factors unique to each case, and case results do not guarantee or predict a similar result in any further case undertaken by the lawyer.
i am currently in Pakistan and want to get settled in canada
how much capital do i need to get immigration at once?
Hi,
I have a question:
A friend of mine had applied for PR. He was given an application number. He provided all required documents including Bank statement. But the bank statement just showed a his balance and transaction for a period of 5 days! He was later asked to provide a 6 months bank statement. He provided that. But since he didn’t have enough money in his account in that period, his application was rejected.
As you have mentioned here, He just needed to provide a current bank statement and he did it .So why was he rejected?
Hello J
Yes sometimes the Embassy will ask for 6 months or more to verify that the applicant has enough financial support. Your friend may want to consider appealing this refusal to the Federal Court but the appeal will have to be submitted on time otherwise it will be too late.
Regards
Michael Niren