23. How much money do you need to immigrate to Canada?
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There is no income requirement for immigrants who arrive under the family class, however the person sponsoring a family class immigrant will need to assume financial responsibilities.
Skilled workers overseas need to meet the settlement funds requirements of the given federal or provincial program they are applying under. Some exceptions apply, such as if you have an eligible job offer in Canada. Otherwise, you need to prove to the government you have enough money to be able to support yourself and your family upon your landing in Canada. The amount of money skilled requires require depends on the size of your family. Here is the amount of money required by Canada’s federal government:
| Number of family members | Funds required (CAD) |
| 1 | $12,960 |
| 2 | $16,135 |
| 3 | $19,836 |
| 4 | $24,083 |
| 5 | $27,315 |
| 6 | $30,806 |
| 7 | $34,299 |
| For each additional family member | $3,492 |