Categories: Nova Scotia Nominee Program NSNP

NSNP Nova Scotia Nominee Program Financial Requirements

Nova Scotia is a province known for its beauty, tasty cuisine, and high standard of living. If you are interested in living in this vibrant province, its Provincial Nominee Program may be the route for you.

Nova Scotia has opened its doors even wider with its Regional Labour Market Demand Stream of its Provincial Nominee Program. What’s so great about this Stream? You do not require a job, as long as you intend to pursue an occupation that is in demand in the province.

One of the questions you have to ask yourself before considering applying under the Regional Labour Market Demand Stream is whether you have the funds required to establish yourself in the region in Nova Scotia where you intend to live.

How Can I Assess Whether I Have Sufficient Funds?

It is important to determine whether the Nova Scotia Provincial Nominee Program will consider you to be an applicant with enough funds to be eligible for the Regional Labour Market Demand Stream.

Consider the following checklist in assessing your financial situation:

You have enough funds to support yourself and your dependents
Funds must be in your name alone or in the name of yourself and accompanying dependents
You cannot borrow the funds you will be using to establish yourself in Nova Scotia from an institution or from another person
You must be able to use this money for settlement and to initially support the costs of living for you and your family

Supporting Your Family

When assessing whether you have the required funds for the Provincial Nominee Program Regional Labour Market Stream, one of the key considerations is whether you are able to support your family.

The amount of money you need to support your family, for the purposes of the Regional Labour Market Stream is summarized in the following chart:

Number of Family Members	Funds Required(in Canadian dollars)
1	$11,115
2	$13,837
3	$17,011
4	$20,654
5	$23,425
6	$26,419
7 or more	$29,414

How Much Money is Enough?

The best way to determine how much money will be considered sufficient for the Regional Labour Market Stream, is to look into the cost of living in the region you intend to reside in.

A good rule of thumb is to bring as much money as you estimate you will need to move and find a home. But, keep in mind Canada Customs Regulations when bringing in large sums of money into Canada.

Shabnam Akrami

Shabnam Akrami is the Managing Partner and Founder of Akrami & Associates. p> Prior to receiving her Paralegal Diploma with Honours, she completed her Law Degree from the UK at the University of London as well as completed a Post Graduate Diploma. In addition, she has also graduated from York University where she received both her Bachelor in Criminology and Masters in Socio-Legal Studies. She is also a Member in good standing with Law Society of Upper Canada. Prior to opening her own firm, she gained extensive experience in corporate immigration law; specializing in work permits, temporary resident permits and rehabilitation cases. She has in depth and hands on experience in all Canadian Immigration and Citizenship matters. These matters include preparation and submission of applications for permanent residence, work permits, NAFTA applications, labour market opinions, temporary resident permits, sponsorships, and business investors. Shabnam is dedicated to all her clients and committed to the successful completion of all the immigration matters in her care. With Shabnam, there is always a way!