Money is everything you need, or should I just say it is the most important thing you need to live a good, great life!
Okay, now you must be thinking- So, how much money do we need to live a happy, good life in a country abroad- Canada? Well, the answer is it depends. Depends on the purpose you are immigrating to Canada, and which standard of life you want to live.
It also depends on the path you are getting through whether you are choosing to enter via the Express Entry system, the PNP, Family Sponsorship, Business Immigration, or for a Study Permit.
Every path has its own set of benefits, and fee structure attached to it.
I know, it is confusing especially when you don’t know how expensive the country is, and what kind of pay you will be getting there. So, getting through any of the Canadian schemes is a great option for the first movers.
But first, gather every piece of information about the scheme or the path you are opting for. This will not only help you know everything better, but also help in making decisions, and planning for finances much easier.
So, where can you get all this information? Don’t worry, you don’t have to google search every path separately. You’ll get all the information on this single webpage!
So, why waste time, when you can utilize it to learn something new and finalize your decision on pathways to Canada?
Know every detail, with this complete guide. Read it till the end, know the changes, and enjoy your life abroad- in Canada. Successfully!
Let’s get started!
Table of Contents
What is the cost of common immigration pathways to Canada? How much will I have to pay?
Canada is one of the most flourishing markets in the world. With thousands of opportunities ready for getting availed, a world-class education system, and whatnot. So, I understand why you want to move to Canada.
However, there are several paths to enter, and which path to opt for, is totally your call. If you have already made up your mind to move there, then all you need is a proper plan and its execution.
Every path is different from others, and each has its own structure, requirements, and expenses. So, choose one that benefits you, that suits your situation and budget.
Here are some pathways to Canada, and their general cost description.
Express Entry
The first thing that must have struck your mind is what exactly is this program- Express Entry?
Relax, I am here to tell you every minute detail.
The most common way to Canada is Express Entry. Nearly every other person opts for Express Entry for immigration purposes.
This pathway is specially designed for skilled laborers, like tech people, developers, financial technicians, nurses, and more and more. Who wants to immigrate to Canada to become a permanent resident?
If you are one who belongs to any of these categories of labor, Express Entry should be your go-to option. Express Entry includes three more federal immigration programs
- The Federal Skilled Worker Program.
- The Federal Skilled Trades Program.
- And the Canadian Experience Class.
Now, what is the cost of immigration via Express Entry?
First, know where you have to spend your money.
- Application fees: it will cost you around CAD 1325, including your processing fee, and the right of permanent residence fee.
- Language test fees: it will further cost you around CAD 300.
- Educational credential assessments: this will cost CAD 200 for a single applicant.
Provincial Nominee Program (PNP)
Provincial Nominee Program popularly known as PNP provides immigrants with a benefit. Let’s know what.
If you are interested in having a life in one particular province of Canada, you can do so with this program. This program allows Canadian provinces and territories to nominate people like you to immigrate to Canada.
However, each province and territory has its own set of specific streams and selection criteria. And the cost of living in each province varies from another.
But, I can give you an approximate cost that you will be covering if you opt for PNP. Your cost will range somewhat between CAD 250 to CAD 1,500.
Family Sponsorship
Family Sponsorship Program is nothing but a way to live with your family in Canada. If you are a citizen of Canada or have a relative in Canada, you can avail of this program.
The Family Sponsorship program allows Canadian citizens and permanent residents to welcome their family in Canada as permanent residents.
Sounds great right? Well, it is.
It allows you to reunite with your beloved family, live together, work together, and study together all in Canada.
The cost of Family Sponsorship is not much, if you include the application and sponsorship fee, it will cost you around CAD 1050. Which is basically the total fee for sponsoring your spouse, partner, or child.
You may also have to pay additional costs of CAD 1050 including biometrics fees (CAD 85 per person) and medical exams.
Business Immigration
Business immigration programs are basically business-oriented immigration pathways which include Start-Up Visa programs.
The Start-Up visa program, popularly known as the SUV program of Canada, is nothing but a business immigration program. That allows foreigners with exceptionally brilliant business ideas to start their business, and obtain a permanent residency in Canada quite easily.
The cost of getting a business immigration program is substantial. That means, your cost will include some basic requirements like investment requirements and application fees.
To get your very own Start-Up visa, you will need to have a minimum investment of CAD 200,000 from any designed Canadian venture capital fund. Plus, an application fee that would cost you somewhat around CAD 1,575.
Study in Canada
Do you really want to move to Canada for study purposes? If yes, then this is your call- Study Permit. However, to get a student visa, you will need to be accepted by one of the educational institutions in that country. Only then you will be eligible for a student visa.
Let me tell you a fact, a secret- this study permit can help you get a permanent residency in Canada too!
And the cost you will be incurring will not be much. It will cost you around CAD 7,000 to CAD 29,000 per year including your tuition fees. It all depends on which institute you want to study in, and what program you are opting for.
You may also have to pay additional costs on biometrics fees (CAD 150 per person) and medical exams.
Conclusion
So, you read the whole blog successfully? Great job dude.
In this blog, we discuss the minute details and cost of moving to Canada, and the different programs you can opt for.
Immigrating to Canada is quite a tough task, you need to apply for it, need proper financial support, a proper program, and whatnot.
But with guidance, you can make your place in Canada. Don’t worry we got you! We will help you from the very start to the end. From Express Entry to PNP, our team of experienced consultants will help you create a perfect plan that will maximize your chances.