From 2020 to 2023, Canada will welcome more than one million new immigrants! There are many ways to immigrate to Canada and secure permanent residency in Canada, but the InsideNobs team strives to keep things simple.
Canadian immigration programs at a glance
There are more than 80 ways to immigrate to Canada! To keep things simple for our readers, we will outline the broad categories of Canadian immigration
Economic and business immigration opportunities
Immigration for economic and business reasons is for professionals whose skills support the Canadian economy. Each program varies greatly in the skills required, so a blanket description is not possible.
Categories of immigration for economic and business reasons include:
- Provincial Nominee Programs
- Express Entry
- Quebec immigration
- Programs for investors
- Programs for entrepreneurs and the self-employed
- Other federal immigration programs such as the Caregivers Program, the Atlantic Immigration Pilot, the Rural and Northern Immigration Pilot, and the Agri-Food Pilot are also options that fall under the umbrella of economic immigration to Canada.
Family sponsorship is an immigration category open to family members of Canadian citizens and permanent residents.
Family members eligible for sponsorship include:
- Spouse or domestic partner/domestic partner.
- Dependent child (adopted or biological).
- Parents and grandparents
In certain circumstances, you may also sponsor other family members outside of the above categories. If you have no other eligible relatives, you may sponsor the following family members:
- Orphaned brother or sister
- Orphaned nephew or niece
- Orphaned grandchild
Humanitarian and Refugee Immigration
Canada has an international reputation for being a leader in welcoming new refugees and other immigrants for humanitarian and compassionate reasons. A significant portion of Canada’s annual immigration goal is for refugee admissions.
How much money do you need to immigrate to Canada?
How much money you need to immigrate to Canada varies widely. Some immigration programs require no more than the processing fees for your application. Others require a significant investment in Canada. Below we will break these down by category.
Economic Immigration: For most economic immigration categories, you will need to prove that you are able to support yourself while you settle in Canada. However, for some this is not the case. For the economic immigration categories that do not require proof of financial means to settle, the applicant must usually have Canadian work experience or a Canadian job offer. This is because these applicants do not need financial resources to resettle in Canada, as they have already integrated into the Canadian workforce.
Immigration for business reasons: All forms of immigration for business reasons require significant investment in Canada. This may mean that the applicant has invested in a Canadian business or has taken out an interest-free loan with the federal or provincial government.
Family sponsorship: in most cases, you do not need to provide financial information to sponsor a spouse or dependent child. If you wish to sponsor other family members such as parents or grandparents, you must meet a financial requirement to apply.
Humanitarian Aid and Refugee Sponsorships: If you are applying for humanitarian or compassionate reasons, there are no financial requirements. Financial information is only required in this immigration category if the refugee is a privately sponsored applicant. In this case, the Canadian group sponsoring the refugee must demonstrate that it has sufficient funds to finance the resettlement of the applicant.