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Showing posts with the label settlement funds

Immigration Corner | Why does it cost so much to go to Canada?

  Dear Miss Powell, Why does it cost so much to go to Canada? I spoke to a consultant and he said I need to have at least CDN$15,000 to pay to go Canada. Honestly, Miss Powell, if I had that amount of money to give the Canadian government, I wouldn’t need to leave Jamaica. I am a professional with a little savings with my mother, and an old house that my grandmother left me, but I can’t give that money away. Why do they charge so much? Is there a programme that doesn’t need so much money? AF Dear AF, If you wish to apply via the Express Entry System under the Federal Skilled Worker Programme, or Federal Skilled Trade Worker, you must demonstrate that you have the financial means to support yourself and your family when applying for permanent residence, with a few exceptions. The required amount is called ‘settlement funds’. The government of Canada does not take the funds from you. The only fees taken from you after you receive an invitation for permanent residence are the applicat...

How much money do I need to visit and live in Canada

   REQUEST A ZOOM/TELEPHONE MEETING  Dear Ms Powell, I am an insurance executive, and I am interested in Canada for two reasons. First, I would like to visit to see if Canada is somewhere I would like to live. Second, I would like to apply to live there if I find that I like the place. The issue is that I hear that to make any application, I need to show that I have enough money for both the visit and to move there. My question is this. How much money do I need for the visit, and how much money if I were applying to stay there as a self-sponsored person. What documents would they need as proof? Thank you in advance for your time and response. – SA f you are planning to visit Canada, you must provide evidence that you can support yourself and the family members who will be travelling with you. There is no fixed amount that you must show when applying for a visitor’s visa. However, you should clearly show that you have the resources for your travel. This inclu...

Immigration Corner | What Is My Best Migration Option?

Dear Miss Powell, I am looking worldwide for opportunities to do well. I am a 28-year-old recent graduate with a master’s degree from the United States of America (USA). However, with what is happening there, I am wondering where is the best place for me to explore – Canada or Australia. Which has the better immigration system? Can I qualify to live in Canada even if I don’t have family there? I hear that I need to show that I have a certain amount of savings and investments. How much would I need? Thanks in advance for your guidance. – A.F. Dear A.F., Canada and Australia have a similar immigration system. However, many Jamaicans prefer Canada because of its proximity to Jamaica. Both countries have a points-based immigration system, whereby individuals who have the education, skills, work experience, and other factors, may get permanent residence in a matter of months. I will highlight below why I recommend Canada. However, ultimately, the decision is yours. FIND OUT I...

Changes To Canada’s Settlement Funds

Click link to c omplete our free online form to FIND OUT IF YOU QUALIFY TO COME TO CANADA.   Dear Miss Powell, I’m planning   to apply for self-sponsorship to Canada and I wanted to make sure that I have the requirements as it relates to the amount of money that I need in my bank account? Does everyone have to show this amount, or are some people exempted? What is the accepted proof of funds? Thank you for informing us. AK Dear AK, The government of Canada updates the requirements for settlement funds annually and recently released new updates to the settlement fund requirements. Individuals must be prepared to clearly demonstrate that they have the minimum amounts when applying to ‘self-sponsor’ as a Federal Skilled Worker or a Federal Skilled Tradesman. Some individuals do not need to prove the minimum requirements if they qualify under the Canadian Experience Class (CEC); have a valid job offer, supported by a Labour Market Impact Assessment (LMIA), or ...

Immigration Corner | Changes To Requirements To Immigrate To Canada

Dear Ms Powell, I heard that Canada changes the requirements for immigration every year. I’m thinking of applying to immigrate to Canada this year. Can you tell me what are the new changes for 2020? I’m particularly interested in the amount of money required for federal skilled workers. When will I need to submit this proof? What kind of proof do I need? Thank you for your time, and Happy New Year. AR Dear AR, The Government of Canada does make changes on a regular basis to their immigration policies and the requirements for persons who wish to live, work or study in Canada. Although there are no major changes so far this year, the settlement funding requirement has changed. Therefore, individuals who are interested in applying to live in Canada under the Federal Skilled Worker or as a Federal Skilled Trade Worker programmes will need to show the government of Canada that they are able to support themselves and their family in Canada. If you qualify under the Canadian ...

How much money do I need to immigrate to Canada?

Dear Miss Powell, I have a bachelor’s degree and 5 years experience as a manager in a private company and I’m thinking of trying out the express entry programme for Canada. I want to sponsor myself, my son and my wife. My wife is also a professional with a degree so I think we have the required education and work experience to do well in Canada. I’m just wondering if this is something I can afford as people say you need to show a lot of money. How much money do I need to immigrate to Canada?  Is there a maximum? What do I need to show?  Can we use our house and cars as collateral?  Looking forward to your response. Thanks PN Dear PN, If you are applying under the express entry system to live permanently in Canada as a Federal Skilled Worker or as a Federal Skilled Trade Worker, you will need to show the government of Canada that you have the financial means to support yourself and your family, once you are granted permanent residence. The requir...