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!

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View Comments

Prax says:

April 3, 2014 at 2:05 am

Hi,
I am just wondering, I am going to apply for NSNP and only my wife is accompanying me. So, do I need to show 11,115$ or 13,837$ as my financial requirement.
Looking for help soon. Thanks.
Giovanni says:

April 3, 2014 at 1:50 pm

Hello Prax,

Thanks for your posting.

When determining your minimum necessary funds required you need to consider yourself, as the applicant, as well as an accompanying family members. That being said, if it is just you and your spouse that would count as two. Thus, the amount you will require is $13,837.

Be advised that these need to be unencumbered and accessible funds.

Let us know if we can be of any assistance.
waqas bashir says:

April 12, 2014 at 2:27 am

Hi
This is Waqas Bashir.I want to apply for NSNP. Please help me from where should i start . how much should I spend on it,
esthetic says:

April 27, 2014 at 12:28 pm

i'm a dentist . can i apply for the novascotia nsnp ? when it open for application?
Giovanni says:

April 29, 2014 at 8:06 am

Hello, thank you for your posting.

Unfortunately, the Nova Scotia Regional Labour Market Demand stream is now closed and will re-open on January 1, 2015. Part of qualifying for this program requires that your intended occupation falls under a list of In Demand Occupations as set out by the province.

Those who wish to apply under this stream will need to wait for 2015 when a new list will be released. You will not know if "Dentist" is on this list until then. However, there may be other options available to you. Contact us at 416-477-2545 or email us at Info@TheVisa.ca for more information.

Thank you.
Zeeshantabasum says:

May 30, 2014 at 4:49 am

hello Mr Giovanni ..
i willing to apply for this nominee and i ll come individually so how much funds will be required for individual person ??
Regards
Zeeshan Tabasum
raja says:

June 2, 2014 at 5:35 am

Hi ,

I applied for NSNP on Mar 4 and got file number after while I got e-mail from case officer to update some cic forms and update ILETS with proof of funds also he need update on settlement plan, I re-attend the ILETS and got CLB5 also I applied many online jobs. I update all required information also attached many JOB feedback but not sure how I got one mail confirmation from SASK jobs which I also attached.
andrea says:

July 27, 2014 at 12:48 pm

I applied for the NSNP (Regional Labour Market Demand Stream) as an Early childhood educator/assistant but have not gotten any word yet on the status of my application or to whether or not I got accepted to the programme. I am currently in Canada on vacation and would really like to know whether or not I was a successful applicant to the programme. I would really appreciate if I can receive any information whatsoever on my application package please.
thanking you in advance