Every country of the world has a fixed set of rules for immigration under different categories. In the ongoing article, we will particularly talk about the Express Entry Federal skilled worker program. In this program, an aspirant is supposed to present proof of funds besides other documents. With the help of the ongoing article, I will update you about all the latest changes in the policy of the Canadian government and the new norms for proof of funds for Canada immigration.
Before we move further, I want to tell you one thing that if you really want to settle down in a foreign nation then, first of all, you should select a reliable and trustworthy consultation platform that can provide you with the correct advice regarding your migration.
If you are in touch with the experts of the segment like Vinfinity Immigration then you will get the correct advice from the experts of the industry which will make the procedure of immigration robust and hassle-free.
How to show proof of funds for Canada immigration?
Once you decide to migrate to Canada then one of the most prominent questions that can bother any of us is – how to show proof of funds for Canada immigration?
In order to get the correct answer to this question, you need to understand a few basic concepts related to Canadian immigration.
So I will try to explain everything in a very simple manner so that you would be able to understand all the procedures and formalities clearly. So here we go.
When do you have to present the proof of funds?
If you do not have Canadian skilled work experience and you want to apply for permanent residency then you have to show proof of funds.
Through such proof, you can show that you have enough funds to settle down and meet the basic requirements of your family. As far as family members are concerned, the amount increases with the addition of every new member, like if you alone want to get settled down then you need to show proof of $13,213.
But if you want to stay with your spouse then the amount for two persons would be $16,449. Similarly, if you want to add your kids then it further goes high. For proof of funds for Canada immigration, you need to know the exact amount required for the number of persons.
Like if you are three members then you need to show the proof of $20,222. If the count goes to four then you need to show the proof of $24,553. If it is for five then you have to show proof of $27,847.
If it is for six then you have to show proof of $31,407. If it is for seven then you have to show proof of $34,967. After seven you have to add $3,560 per person.
As per the notification issued by the Canadian government for proof of funds for Canada immigration. There would be the following requirements in the proof of funds.
- It should be printed on the letterhead of the bank or financial institution.
- The proof should include the bank’s address, phone number, and email.
- The statement should have the name of the applicant. If you have a joint account then the name of the both the applicant should be clearly mentioned.
- The proof of your statement should also include all your loans and overdues. If you have any due credit card bills then such information should also be included in your proof of funds.
- The next important point that you need to keep in mind that, in your funds proof you need to mention the account opening date and other relevant details of all the bank accounts.
So remember all these points and prepare your proof of funds accordingly. If you miss any of the above-mentioned points then it may be a reason for the rejection of your permanent residency application. So if you don’t want to take any unwanted risk then carefully check all the above-mentioned points in your statement.
If you have any confusion regarding how to show proof of funds for Canada immigration then you can connect with the immigration experts of Vinfinity Immigration to get the best advice on any matter related to proof of funds.
What Vinfinity Immigration Provides?
Complete Guidance
The highly experienced immigration experts of our platform will provide you complete guidance regarding the proof of funds for Canada immigration. After having a consultation with our immigration experts you will not have any single doubt in your mind.
Robust response
We do not believe in unwanted delays and always respond to all the applications that come to our platform in a timely manner. Whenever we receive any application regarding immigration consultation we take quick action on a priority basis.
On the other hand, if you visit any other platform then you will have to wait for several weeks to get any response on your application.
Reliable information
Whenever you come to our platform and ask how to show proof of funds for Canada immigration then you will get highly reliable information as we appoint only the expert professionals who have complete knowledge regarding the immigration formalities of different countries.
If there are any changes in the immigration policies of any nation then we will keep ourselves updated about that and share such information with all the clients quickly to avoid any kind of miscommunication.
We are always updated about the new rules and regulations of the different countries of the world.
Conclusion
We hope that this article will provide you with complete information regarding the proof of funds for Canadian immigration and you will find the best answer for your question – how to show proof of funds for Canada immigration.
If you want to seek any other advice related to Canadian immigration or any other country of the world then come to Vinfinity Immigration to get expert advice.