FINANCIAL PROOFING FOR SETTLED IN CANADA 2023

Immigrating to Canada is becoming easier and easier until 2023. If you intend to enter and live in this country but do not understand the immigrant visa categories and the financial proof procedures, do not ignore the following article compiled by SunValue.

Settlement in Canada

Canada has one of the highest immigration rates in the world for the following great reasons:

• Canadas immigration demand increases sharply in the next 3 years, specifically y 2021 (401,000 immigrants), 2022 (411,000 immigrants), and, 2023 (421,000 immigrants).
• Time to get a permanent resident card quickly: It takes about 12-16 months for you to have a chance to get PR.
• There are many immigration streams with application requirements that are not as strict as many other countries.
• The job market is abundant and will grow even stronger in the future.
• The quality of education is good, and the development environment is among the top in the world.
• There are many social security benefits, if you have a permanent resident card, you will be entitled to benefits under Canadian Citizenship.

Moreover, as settling in Australia or the United States becomes increasingly difficult, Canada becomes an ideal destination for global citizens.

Instructions to prove the savings book for Canadian immigration to study abroad

A savings book is the most effective form of proof of financial capacity, successfully applied by many people. A passbook is considered a budget that ensures that you can cover tuition fees and living expenses in Canada. Therefore, the value of the savings book must guarantee the deposit amount of CAD 30,000 (600 million). The best time to open a book is from 3 to 6 months before planning to study abroad.

You should use the service of opening a savings book at reputable visa-specializing units so that the financial proofing process goes smoothly, without affecting your study visa application plan. Proof by passbook will include the following documents:

• Bank account balance confirmation.
• Passbook original + copy. (The original in case of an interview, the Consulate requires).

Instructions to prove the savings book for Canadian permanent residence

If you are working in Canada, proof of funds is required, unless you receive a valuable job offer from a Canadian employer. In addition to proving with income or other assets, proving a passbook raises the level of confidence that you can afford the expenses of yourself and your family.

The total amount to prove will vary from year to year and depends on the number of family members: CAD 12,164 (1 member), CAD 15,143 (2 members), CAD 18,617 (3 members), 22,603 CAD (4 members), 25,636 CAD (5 members), 28,913 CAD (6 members), 32,191 CAD (7 members or more).

How do we able to prove financial

In general, all countries have the same requirements for proof of finance, and are generally applicable to all immigration, tourism, and study abroad programs for that country. There are ways to prove finances as follows:

• Bank passbook
• Real Estate (including owned property and rental income)
• Investment, business, salary (own company, individual business household, income sources from shares, stocks, business activities....)

The nature of financial proof is the same in all countries. Consists of two clear a part: a passbook and proof of income. These two parts complement each other. Passbook proves the ability to pay tuition fees, living to expand lenses, and travel expenses. The income proof records show monthly and annual income... It answers the quof question of where the money in the savings book comes from.

For appraisal documents to prove that the property is for study or settlement purposes, SunValues deed will be made and issued in English. With appraisers with international certifications and the ability to make appraisal reports in English, our certificate ensures the most accurate in professional language as well as in compliance with international standards.