Menu

Start-up Visa Settlement Funds Available

Posted in Start-up Visa

Settlement funds

The applicant must clearly demonstrate that they have sufficient and available funds to meet the requirements. These funds must meet the requirements at the time the application is made, as well as when the application is finalized.

The funds must be:

  • available and transferable;
  • unencumbered by debts or other obligations.

Officers must be satisfied that the applicant has at their disposal, with sufficient liquidity, and with the ability to transfer those assets, the necessary threshold of funds to support their establishment in Canada on arrival.

The amount of funds is assessed according to the applicant’s family size using 50% of Statistics Canada’s most current low income cut-off (LICO) for urban areas with populations of 500,000 or more.

Note: In terms of funds required, the number of the applicant’s family members includes both accompanying and non-accompanying dependants.

Although the amount may change yearly, at time of publication the required funds are equal to or greater than the amount listed below for each family size:

Number of family members

Funds required

1

$11,115

2

$13,837

3

$17,011

4

$20,654

5

$23,425

6

$26,419

7 or more

$29,414

Examples of proof of funds include, but are not limited to:

Bank statements, personal net worth statement, securities in bearer form (stocks, bonds, debentures, treasury bills, etc), negotiable instruments in bearer form (bank drafts, travellers cheques, etc).

Tags: Canadian Permanent Residence Canadian Immigration Business Immigration Start-up Visa

Book a Consultation with Akrami & Assocaites

Book a Consultation Session!

One of our immigration specialists will assist you with your matter. Book Now!

Call Akrami & Assocaites

Call or Email us for more Information!

+1-416-477-2545 | Toll Free: 1-877-820-7121 | This email address is being protected from spambots. You need JavaScript enabled to view it.

Write to Akrami & Assocaites

Write Us (Online Form)

Leave us your information and one of our immigration specialist will contact you. Click here

  • Reviews

    Akrami & Associates was extremely professional and the most efficient legal team I have ever had the pleasure of dealing. They responded to my emails quickly, never missed a phone call and explained the process to me in such a way that anyone could understand, even me. Thanks to them, I was able to hire the workers my business needed mush sooner than I had ever expected. You can’t go wrong with them.

    Fahim S. Rating StarRating StarRating StarRating StarRating Star
  • Reviews

    I got my visitors visa thanks to Shabnam. I just want to thank her and all the team for her hard work. They all did a very good job.

    Lucy A. Rating StarRating StarRating StarRating StarRating Star
  • Reviews

    Reception was very nice and was sure to answer the questions he could but made sure I was taken care of by a rep at the firm. Shabnam was extremely helpful and I will be calling again when I am ready to proceed.

    Salvatore M. Rating StarRating StarRating StarRating StarRating Star
  • Reviews

    Fantastic news, I entered Canada without a hitch. Once the guard at the border saw the package you had prepared for me, he took about ten minutes and handed me my permit. What I relief! I don’t know why I ever tried this without you guys! Thank you!

    Paul R. Rating StarRating StarRating StarRating StarRating Star
  • Reviews

    Shabnam, I wanted to personally thank you for all your hard work and dedication to me and my wife. Our new lives together are all thanks to you. Considering the unique circumstances that initially prevented her, I had lost hope. I will make sure that if anyone I know needs immigration help, I will be sending them your way. Again, I can’t thank you enough.

    Frank T. Rating StarRating StarRating StarRating StarRating Star
  • Reviews

    We have used Akrami & Associates for all of our immigration needs. They have never let us down and we couldn’t be happier. They took care of us from start to finish with little effort on our part. An excellent group of legal professionals.

    Michael W. Rating StarRating StarRating StarRating StarRating Star