CASH / FUNDS
As a new migrant settling in Canada, there is no minimum amount of fund you need to bring in with you on your first landing. However, you should research how much it costs to live in a place where you plan to settle in Canada. You are responsible to bring sufficient funds to support you and your family for at least 6 months while you look for a job.
Do take note that you are required to have a minimum amount in your foreign bank to immigrate to Canada. It is recommended to bring as much money as you can, or at least the amount of funds based on the number of your family member below:
| Number of family members |
Funds required (in Canadian dollars) |
|---|---|
| 1 | $12,960 |
| 2 | $16,135 |
| 3 | $19,836 |
| 4 | $24,083 |
| 5 | $27,315 |
| 6 | $30,806 |
| 7 | $34,299 |
| For each additional family member | $3,492 |
If you bring more than C$10,000 into Canada, you must declare the amount when you arrive. You must fill out form Cross-Border Currency or Monetary Instruments Report – Individual (E677) [PDF].
This includes:
- cash
- documents that show property or capital payable to you, such as:
- stocks
- bonds
- debentures
- treasury bills
- documents that guarantee payment of a set amount of money, which are payable to you, such as:
- banker’s drafts
- cheques
- money orders
- travellers’ cheques