The bank balance is a very important detail if you want to apply for a visitor visa. The bank statement is often requested by officials to determine if you can easily manage your finances during your stay in Canada. Therefore, applicants who are wondering what amount of money in their account would be sufficient for a visitor visa should have this information.
How much money you will need depends mainly on how long you will be staying in Canada and whether you plan to stay in a hotel or with relatives or friends. However, you need to know why you need a visitor visa and what a visitor visa is.
What is a visitor visa?
A visitor visa is a document issued to travelers who wish to spend some time in Canada for various reasons. Without this visitor visa, applicants cannot be granted an application (i.e. they are not allowed to enter Canada).
Why you need a visitor visa
Have you ever dreamed of traveling to Canada for one reason or another? Be it for sightseeing, business or vacation? You should know that you are not allowed to enter Canada without a visitor visa.
However, apart from the financial requirements, there are other important requirements that you need to fulfill in order to apply for a visitor visa.
To apply, you must:
- Have a valid passport or travel document
- Be in the good health condition
- Have no immigration-related convictions
- Convince that you have prior ties to your home country and will return once the visa expires, such as a home, job, family, or financial assets
- Convince that you return to your home country at the end of your Canada visit.
In addition, you can have an amount saved up for these;
- Flight tickets
- Traveling domestic (buses, flights, trains, cabs, etc.)
- Some shopping, and
- Tickets for local attractions like aquarium, ferries, rides, safari, Ripley’s, CN tower, and others depending on your destination (they’re pretty expensive too)
In my opinion, for one person this amounts to $4,000-$7,000; however if possible make arrangements for $10,000 just to be sure. If you don’t use it, it’s in your bank so nothing to lose. Also, the officer requires the applicants to submit their assets values to make sure they can handle their finances while in Canada. In addition, the officer requires you to prove the strong ties you have to your home country. This is to make sure you do not have plans to stay more than expected in Canada.
How Much Money Applicants Need
Since not all fingers are equal, applicants should keep in mind that the above $10,000 is not final. That is, the number of family members is a determining factor. The price range is estimated at $10,000 per person. So if you’re figuring for two people, it would cost a whopping $20,000.
If you have more than five members, you should know how much applies to you. If for some reason you don’t pay the fees, your application may either be delayed or denied, depending.