How much money to bring
Lesson 2 of 8 in Pre-Departure Financial Setup · 25 minutes
How much money should you bring? Learn the IRCC amount. Then see our estimates for your first 90 days in six Canadian cities.
What you'll learn
- Find the IRCC settlement-funds amount for your family size
- Plan how much money you need for your first 90 days in your new city
- Know which money you must have now, and which money you can move later
From the lesson
How much money should you bring? There are two answers. One is the IRCC rule. The other is real life. You need to know both.
The IRCC amount and the real cost
The IRCC rule: settlement funds
Are you coming through Express Entry, in the Federal Skilled Worker or Federal Skilled Trades program? Then IRCC asks you to show 'settlement funds'. You do not need them if you have permission to work in Canada AND a valid job offer. The Canadian Experience Class does not need them. The amounts change every year. From July 7, 2025, the amounts are: 1 person: CAD 15,263. 2 people: CAD 19,001. 3 people: CAD 23,360. 4 people: CAD 28,362. 5 people: CAD 32,168. 6 people: CAD 36,280. 7 people: CAD 40,392. Each…