Proof of funds, or “show money” is needed when submitting an application to immigrate to Canada. This will be money in your bank account at the time of your application.
WHY DO I NEED TO PROVIDE PROOF OF FUNDS?
Unless you have arranged employment, you will not have employment upon arrival in Canada. You will need to have enough money to cover rent, transportation, food, utilities and clothing until you get a job.
HOW MUCH MONEY DO I NEED IN THE BANK AS PROOF OF FUNDS?
How much you need depends on how many family members you have. You will need to have this money readily available to you. It needs to be there when you submit your application, and at the time you are granted your permanent residency.
SHOW MONEY PER NUMBER OF FAMILY MEMBERS
1 – $12,669
2 – $15,772
3 – $19,390
4 – $23,542
5 – $26,701
6 – $30,114
7 – $33,528
Additional family members (in excess of 7) – $3,414
WHERE CAN I GET A CERTIFICATE FOR SHOW MONEY?
You can get a certificate from your bank or financial institution. The proof of funds must have the following details:
it must be printed on the bank’s official letterhead
it must include the bank’s contact information (address, telephone number and email address)
it must indicate your name
it must list outstanding debts such as credit card debts and loans
for multiple banks and accounts:
each individual account number
the date each account was opened
the current balance of each account
the average balance for the past six months
Want to know how much air fare is to Yukon? Click here : http://bit.ly/Airfare_to_Yukon
One of the first things you have to do in Yukon is get yourself a Driver’s License. Click here: http://bit.ly/Yukon_Drivers_Licence
Want to know more about the Yukon Nominee Program? Click here: http://bit.ly/Yukon_Nominee_Program
We’ve put together a great step-by-step guide to the YNP. Check it out here: http://bit.ly/step_by_step_Yukon_Nominee_Program
How long does it take to process an application under the YNP? Find out here: http://bit.ly/YNP_Processing_Time
What are the requirements for the YNP? Click here: http://bit.ly/YNP_eligibility_requirements
You need money to sponsor your family to join you in Canada. Find out how much: http://bit.ly/Proof_Of_Funds
Want to know why Canada has become Filipinos’ destination of choice to visit, study, work and immigrate? Click here:
Every journey begins with a single step. Whether you’re leaving the Philippines for the first time, or you’re a seasoned OFW, there’s always something new to learn!
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