The cost of migrating to Canada

The immigration cost to Canada by work

Canadian work visa applicants can apply through the Skilled Worker and Express Entry programs. This method has two steps: In the first stage, they must get 67 points out of 100 in categories such as age, education, work experience, language degree, spouse’s condition, and a job offer. Then they can enter the virtual money or pool system.

The immigration cost to Canada by Skilled Worker program is around 10,000 to 12,000 euros, which must be in the applicants’ account. The applicants must also pay a Canadian immigration lawyer fee according to their case. It is one of the cheapest immigration methods, and people can receive permanent residence if they initially receive enough points. The living expenses vary from 1,500 to 2,500 dollars per month, depending on one’s lifestyle.

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Topics reviewed in this article:

• The immigration cost to Canada by study
• The immigration cost to Canada by investment
• The immigration cost to Canada and the income
• The immigration cost to Canada and comparing the living expenses in Canada and European countries

The immigration cost to Canada by study

The applicants can study in Canada at high school, undergraduate, postgraduate, and doctorate levels. They can also study in different high schools in this country for about 16,000 to 45,000 dollars a year. Individuals must provide their diplomas and previous years’ transcripts.

Tuition for Canadian universities depends on the university, field, and degree. University tuition is between 14,000 and 40,000 Canadian dollars. The student living cost varies according to their lifestyle. The amount that universities declare for a student’s financial viability is between 12,000 and 15,000 dollars, which may be less in smaller student cities. On the other hand, it can be higher depending on the lifestyle. For example, people who do not live in a university dormitory and rent a place for themselves have to pay a higher fee.

Examining a student visa application cost is around 150 dollars. Tuition at private colleges ranges from 18 to 25 dollars per year. The English language courses cost for each semester is about 4,000 to 6,000 dollars. It is the cheapest way to immigrate to Canada after work.

The immigration cost to Canada by investment

Canada has various investment programs. It has a 2 million dollar program that has been running for Quebec since 2020. The individuals must show as much cash and non-cash assets. They must deposit about 1.2 million dollars for the Canadian government to obtain permanent residence in Canada. After five years, they can get their full amount back from the Canadian government without any interest. However, some brokerage firms in Canada pay this amount to the Canadian government as a deposit instead of the individual and receive 350,000 Canadian dollars.

The 350,000 dollars is no longer refundable, meaning that people pay 350,000 dollars and buy permanent residency. There are two other entrepreneurship types in British Columbia and are very popular and highly sought after. This method has the lowest risk, unlike the above ways. One of them is 200,000 dollars, and the other is 100,000 dollars. In the 200,000 dollars method, applicants must show 600,000 dollars as financial backing (including cash and non-cash assets and bank accounts) and invest about 200,000 dollars in their business. In the 100,000 dollars method, individuals must show a 300,000 dollars financial backing and invest 100,000 dollars in their business. The applicants can invest these amounts in company registration.

The immigration cost to Canada and the income

The salaries of people who have either immigrated on a student visa and are working part-time or on a work visa and are working full time are very critical. People who work part-time can earn from 20 to 28 dollars an hour. The income in full-time jobs varies depending on the job type, which we discuss in the table below:

You must have about 800,000 to 1 million dollars to start McDonald’s and invest in this famous brand. This investment can have about 150,000 dollars a year for profit. The applicants need about 300,000 to 400,000 dollars to set up a subway, can have between 30,000 to 90,000 dollars a year net profit.

The immigration cost to Canada and comparing the living expenses in Canada and European countries

The living cost in Canada can range from 1,500 to 2,500 dollars per month. In European countries, depending on the country, residence place, and people’s living style will vary from 800 to 2,000 euros per month. The table below shows the living expenses in different European countries.