Chapter 16

Required Fees and Funds

 

Immigrating to Canada under the Independent Immigration Program can be expensive. You should be able to raise enough money to be able to complete your application process and finally settle in Canada.

The fees and funds required are divided into 2 categories 

One, required Fees related to processing your application 

Two, required Settlement Funds 

 

Required Fees

When you apply for a landed immigrant, you would be required to pay processing fees to the Canadian Embassy.

Below is the list of fees that the Canadian Government requires from the applicants. All prices are in Canadian Dollars. You may want to use our Currency Converter  ( you should be connected to the internet to use this ) to help you in determining the equivalent amount in your currency.

Required Fee Schedule
[All fees are in Canadian dollars]
 

Type of Fees

Amount

Multiply by

Number

of Persons

 

Total Fees

Processing Fee -  Principal applicant

$550

1

$550

Processing Fee -  Spouse or fiancé (any age)

$550

1

$550

Processing Fee - Dependent 22 years and over

$550

 

 

Processing Fee - Dependent 21 years and under

$150

 

 

Right of Landing Fee - Principal applicant

$975

1

$975

Right of Landing Fee - Spouse or fiancé (any age)

$975

1

$975

Right of Landing Fee - Dependent 22 years and over

$975

 

 

Right of Landing Fee - Dependent 19 years and under

0

0

0

     Add up your Total Fees

 

 

 

Processing Fees. Processing fees are collected at the time your application is submitted to the Visa Office. This is non-refundable even if your application is refused.

Right of Landing Fee. The Right of Landing Fee (ROLF) is required for every adult aged 19 or over in your family but, unlike the Processing Fee, is refundable if a Permanent Resident Visa is not issued or used, or if you withdraw your application or if your application is refused. 

The ROLF can be paid at any time during the application process, but must be paid before a Permanent Resident Visa can be issued. Don’t worry, if you did not pay your ROLF when you submitted your application, the Visa Office will contact your when it is time to pay the ROLF.  

Do I have to pay fees for non-accompanying family members?  

No. Processing Fee and ROLF are not applicable to non-accompanying family members, or to family members who are already permanent residents of Canada.

Are there any other fees or costs?  

You will also have to pay other fees such as those related to obtaining a valid travel passport, medical examination and a police certificate.  

 

Required  Settlement Funds

 

What do you mean by Settlement Funds?

The Canadian government expects the independent immigrants to be able to financially support themselves at least during their first six months of  stay in Canada. 

You are required to show proof of your funds, for example bank statement or a letter from your bank.

These funds should be in liquid form such as cash, stocks bonds, shares, treasury-bills and should not include real estate.  

How much is the required Settlement Funds?

The funds that you need to show would depend on the family size. For example, if you are a single applicant you need to have a minimum net worth of at least Can $9,186.  But if you are a married applicant with 4 accompanying dependents, you need to show a net worth of at least Can $19,323. See table below.

Remember, you don’t have to include in your computation of settlement  funds any dependent not accompanying you to Canada.  

Required Funds Schedule 

[All fees are in Canadian dollars]    

FAMILY SIZE

REQUIRED FUNDS *

1

$9,186

2

$11,482

3

$14,280

4

$17,286

5

$19,323

6

$21,360

7 or more

$23,397

To help you easily convert the Canadian Dollars to your currency please click this link to our Currency Converter  (you should be connected to the internet to be able to get the up-to-date conversion rates)

What is the basis of the required Settlement Funds?

The Canadian government uses the most current annual Low Income Cut-Off (LICO) published by Statistics Canada established for the size of the applicant's accompanying family.

The  LICO to be used for all independent immigrant's application will  be that of urban areas with a population of over 500,000. For example, according to Statistics Canada, a family unit of three persons would need an income of at least $14,280 in order to meet the LICO. Therefore applicants with two accompanying dependants would be required to demonstrate that they had available funds of at least the same amount.

.What is the purpose of the settlement funds?

The settlement funds  is to ensure that the applicant does not apply for financial assistance from Social Services upon arrival in Canada.

I don't have enough money. Will my application be automatically disapproved?

You don't need settlement funds if there is a job waiting for you as the applicant or your spouse in Canada. This has to be an arranged employment approved by HRDC.