Do you know how much money you need to bring to Canada? Before moving, think of the following:
- Cost of living
- Read How much does it cost to live in Manitoba?. Take note of:
Read the latest Canadian news and events. Learn about developments that can affect you financially. Go to CBC News and other Canadian news sites.The size of your family
- Personal costs
- Housing costs
- Commuting distance
- Compare living cost in Manitoba to the rest of Canada.
Your settlement plan
- Your budget will depend on how many family members are coming with you.
- Consider a budget for medical or health needs.
- Get additional health insurance if you or a family member needs regular care or medicines.
- Go to Health Care Coverage from Manitoba.ca for more information.
- The amount you need to bring also depends on:
- Your housing arrangement (renting or staying with relatives or friends?)
- What you will do when you get here (look for a job, study, start a business, etc.)
- Available supports
- Your lifestyle
- Include timelines when you plan. Remember, time is money.
How much money should you bring?
- Bring as much as you can to support yourself and your family.
- The minimum amount depends on the immigration program you applied to.
If bringing C$10,000 or more, you have to declare it.
- For Skilled immigrants (Express Entry):
You don’t have to show proof of funds if:
- you are currently authorized to work in Canada
- you have a valid job offer from an employer in Canada
- you have been invited to apply under the Canadian Experience Class
- Otherwise, you have to show proof that you have enough money to support yourself (and your family) when you arrive. For individuals, C$12,164 is required (check link below for updated rates).
- For couples or families, the amount depends on the number of family members coming with you: check Proof of funds – Skilled Immigrants – Express Entry.
- For other immigration programs, check with Immigrate Manitoba.com.
Know the law in your home country. There could be limits on the amount you can take out and bring with you.
- Declare it on your CBSA Declaration Card. You can also say it to the border services officer.
- Fill out the form (Form E677), Cross Border Currency or Monetary Instruments Report – Individual.
- Read Canada Border Services Agency’s (CSBA) How to Report.
What can you bring?
- You can bring your settlement funds in the form of:
- Documents that show property or capital payable to you:
- treasury bills, and others
- Documents that guarantee payment of a set amount of money payable to you:
- bankers’ drafts
- travellers’ cheques
- money orders
- Banks in Manitoba may have partner banks in your home country. Check Banks operating in Canada. It will make it easier to transfer funds.
- Check your immigration program’s rules for presenting proof of settlement funds.
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