The cost of Canada immigration varies depending on the path you choose. Whether you are applying through the Express Entry system, the Provincial Nominee Program, Family Sponsorship, Business Immigration, or for a Study Permit, each pathway has its own set of fees and expenses. Well, this blog covers how much money do you need to immigrate to Canada. So, make sure you read it till the end to gather the entire information. 

Cost Of Common Immigration Pathways To Canada 

When planning your immigration to Canada, it is crucial to understand that the cost associated with each immigration path can vary significantly. Each program has its own fee structures and requirements, thus making it essential to choose the path that best suits your situation and budget. Below is the overview of the most common immigration paths and their cost descriptions. 

Express Entry 

The Express Entry system is one of the most popular ways to immigrate to Canada. It is designed for skilled workers who wish to become permanent residents. It includes three federal immigration programs, i.e., the Federal Skilled Worker Program (FSWP), the Federal Skilled Trades Program (FSTP), and the Canadian Experience Class (CEC). 

The main cost of the program includes application fee, language test fee, and educational credential assessments. The application fee for a single applicant is approximately CAD 1,325, which includes the processing fee and the right of permanent residence fee. Additional costs include language tests and educational credential assessments. 

Provincial Nominee Program 

How much money do you need to immigrate to Canada via the Provincial Nominee Program? 

Well, the PNP enables Canadian provinces as well as territories to nominate applicants who wish to come to Canada and who are interested in settling in a particular province. Each province has its own specific criteria and streams. 

The cost of PNP varies by province. Generally, applicants can expect to pay a nomination fee ranging from CAD 250 to CAD 1,500, depending on the province. Additional costs include language tests, educational credential assessments, and federal application fees, similar to those for Express Entry. 

Family Sponsorship 

Family Sponsorship allows Canadian citizens as well as permanent residents to sponsor their relatives to come to Canada as permanent residents. The program aims to reunite families by allowing close relatives to live, work, and study in Canada.  

The fee for the program includes sponsorship fee and application fee. The total fee for sponsoring a spouse, partner, or child is approximately CAD 1,050. Additional costs might include biometrics fees and medical exams. 

Business Immigration 

Business Immigration programs are designed for individuals who can invest in or begin a business in Canada. This category includes programs like the Start-up Visa Program and the Self-employment Persons Program.  

The cost associated with Business Immigration can be substantial, including investment requirements and application fees. For instance, the Sart-up Visa Program requires a minimum investment of CAD 200,000 from a designated Canadian venture capital fund. Application fees are approximately CAD 1,575. 

Study In Canada 

How much money do you need to immigrate to Canada via a study permit? 

Well, obtaining a study permit allows international students to study at a DLI, i.e., designated learning institution in Canada. This path also leads to permanent residence via various programs available to graduates.

The cost of studying in Canada includes tuition fees, which range from CAD 7,000 to CAD 29,000 per year, depending on the institution and program. Additional costs include the study permit application fee, biometric fees, and living expenses. 

Temporary Worker In Canada 

The Temporary Worker Program allows foreign nationals/ immigrants to work in Canada for a specific employer and for a specific time period. This program is beneficial for those looking to gain Canadian work experience. 

The costs for a temporary work permit include the application fee and biometrics fee. Employers might also be required to pay additional fees, like the employer compliance fee. 

Other Costs Related To Immigration 

1. Passport Updates 

One of the side costs you need to keep in mind when immigrating to Canada is ensuring that your passport is valid for a minimum duration of your study/ work permit. Depending on the country of origin, the process of updating or renewing your passport can vary in cost and time. On average, passport renewal fees range from CAD 50 to CAD 200. 

2. Flying Tickets 

The cost of flying to Canada varies depending on where you are landing, the time of the year, and the airline. On average, one-way tickets to Canada can range from CAD 500 to CAD 2,000. Booking your flight well in advance and being flexible with your travel dates can help you find the best deals, moreover, you must also consider additional baggage fees if you plan to bring more than the standard allowance. 

3. International Insurance 

Having international health insurance is vital when immigrating. It offers coverage for medical emergencies and healthcare needs until you become eligible for any provincial healthcare plan. Also for some study and work permits, having international insurance is mandatory. Moreover, the cost of international insurance varies based on your age, health condition, as well as coverage plan. The plans range from CAD 50 to CAD 200 per month. 

Conclusion    

When considering how much money you need to immigrate to Canada, it’s essential to account for various pathways and associated costs. Whether you’re applying through Express Entry, Provincial Nominee Programs, or as a student or temporary worker, each option involves distinct fees for applications, language tests, and other requirements. Additional expenses, such as passport updates, travel tickets, and international insurance, must also be factored in. 

Understanding these financial requirements helps you plan effectively, ensuring a smooth immigration journey. Researching your chosen pathway and budgeting for both expected and unexpected costs will set you on the path to a successful move to Canada.

If you seek information on how to begin your Canada immigration application process, you can talk to our NavaImmigration experts at 1800-918-8490, or you can drop us an email at [email protected].