How much money do I need in my bank to move to Canada?

Planning Your Move to Canada

Moving to Canada is an exciting step, but immigration authorities want to ensure you have enough financial cushion to support yourself and your loved ones after arrival. The exact amount of money you need in your bank account depends entirely on your family size.

For a single applicant, the current requirement is set at $15,263 CAD. If you are moving with a partner or children, that threshold increases to accommodate everyone in your household. For instance, a family of two needs $19,001 CAD, a family of three requires $23,360 CAD, and a family of four must show at least $28,362 CAD.

Keep in mind that these figures act as a baseline established by Immigration, Refugees and Citizenship Canada (IRCC). Because major cities like Toronto and Vancouver have high living costs, building a generous savings buffer beyond these minimum amounts is always a smart strategy for a smooth transition.