What is the total financial Cost of Express Entry Canada Visa in Nigerian Naira (₦). Read on if you want the answer to this question and to any of the below similar questions:
- Cost of permanent resident visa Canada.
- How much does it cost to migrate to Canada?
- How much fund for Canada immigration?
- Canada Express Entry total cost.
- Express Entry application fee.
- Cost of WES evaluation for Canada immigration.
Cost of Express Entry Canada Visa
Express Entry can become easily quite expensive, below is a breakdown of the total cost of express entry for a single person:
|Category||Amount of Money in Canadian Dollars||Amount of Money in Nigerian Naira or equivalent in Naira|
|Language Test – IELTS General Training (payable to the British Council in Nigeria)||–>||₦75,000|
|Educational Credential Assessment – ECA (payable to IRCC’s designated|
|Educational Transcript Request Fee (payable to your educational institution)|
* The amount varies depending on your institution. An average has been used here.
|Medical Examination (payable to IRCC’s designated hospital in Nigeria)||–>||₦35,000|
|Police Report (payable to the Nigerian Police Service)|
* This amount varies depending on your negotiating skills. An average was used here
|Application Processing Fee (payable to IRCC)||$550 CAD||₦150,700|
|Right of Permanent Residence Fee – RPRF (payable to IRCC)||$490 CAD||₦134,260|
|Other Misc Expenses: passport photograph, courier delivery fee, affidavits, etc.|
* An average was used here.
|TOTAL COST FOR PR APPLICATION (for a Single Applicant)||–>||₦538,180|
- The cost for Educational Credential Assessment (ECA) Fee, varies depending on the ECA organization and the document delivery option you chose. Below is the ECA cost for the various ECA organizations that are designated by IRCC:
- International Qualifications Assessment Service (ICAS), $120 CAD –> ₦32,880
- World Education Services (WES), $280 CAD –> ₦76,720
- Medical Council of Canada (MCC) – $600 CAD –> ₦164,400
- Pharmacy Examining Board of Canada (PEBC) – $600 CAD –> ₦164,400
In summary, the total cost of express entry Canada visa will depend on your family size, and your occupation (i.e. whether you need to practice as a pharmacist or physician/doctor). For example, below are scenarios of the amount of money in Nigerian Naira it will cost for Canadian PR application depending on your situation:
The budget cost of Express Entry Canada visa for a single applicant who is NOT in the healthcare industry will be approximately ₦538,180 if they use WES for their educational credential assessment.
The full cost of Express Entry Canada visa for a single person who needs a license to practice as a pharmacist or a physician/doctor will be higher, estimated at ₦625,860 as they’ll have to use either MCC or PEBC for their ECA.
The comprehensive cost of Express Entry Canada visa for a couple (husband and wife, no kids) will be between ₦1,069,360 and ₦1,244,720 for the applicant with their spouse depending on their profession as medical professionals cost more.
A complete cost / budget requirement for the entire process for a family of four (Husband, wife and 2 kids) to do the Express Entry program will be within the range of ₦1,214,560 and ₦1,389,920. See the following note:
- $150 CAD Application Processing Fee for each dependent child –> ₦41,100 each = ₦82,200 for 2 kids.
* Application processing fee for children is lower than the $550 CAD for adults. Also, kids do NOT pay the Right of Permanent Residence fee.
- Medical Exam –> ₦35,000 for each child = ₦70,000 for 2 kids.
RELATED POST -> What is the Cost of Express Entry in Canada?
READ ALSO -> Canada Express Entry Eligibility Requirements
Are there additional fees for Provincial Nomination?
If you decide to go through the Provincial Nominee Program (PNP) there may be additional fees, depending on the province. Approximately between 250 CAD (New Brunswick) and 1,500 CAD (Ontario).
Below is a summary of the Provincial Nominee Program (PNP) Fees:
|Provincial Nominee Program (PNP)||Fee for each PNP application (CAD)||Fee for each PNP application (₦)|
|Alberta Immigrant Nominee Program (AINP)||$500 CAD||₦137,000|
|Nova Scotia Nominee Program (NSNP)||$0 CAD||₦0|
|Northwest Territories Nominee Program (NTNP)||$0 CAD||₦0|
|Yukon Nominee Program (YNP)||$0 CAD||₦0|
|New Brunswick Provincial Nominee Program (NBPNP)||$250 CAD||₦68,500|
|Newfoundland and Labrador Provincial Nominee Program (NLPNP)||$250 CAD||₦68,500|
|Prince Edward Island Provincial Nominee Program (PEIPNP)||$300 CAD||₦82,200|
|Saskatchewan Immigrant Nominee Program (SINP)||$350 CAD||₦95,900|
|Manitoba Provincial Nominee Program (MPNP)||$500 CAD||₦137,000|
|British Columbia Provincial Nominee Program (BC PNP)||$700 CAD||₦191,800|
|Ontario Immigrant Nominee Program (OINP)||$1,500 CAD||₦411,000|
* Effective October 1, 2020, AINP candidates are subject to a $500 processing fee. Before this date the fee was $0.
Proof of funds – Skilled immigrants (Express Entry)
Proof of funds is how you show IRCC that you have enough money to settle in Canada. This is not money that you will be spending as part of the Express Entry process, but if you receive an invitation to apply (ITA) for Canadian PR, you must provide written proof that you have this money.
Most Express Entry applicants need to provide proof of funds to meet the minimum requirements. However, you do not need to show that you have enough money to support yourself and your family if:
- you’re applying under the Canadian Experience Class (CEC) or
- you’re authorized to work in Canada and you have a valid job offer.
Keep your funds up to date in your profile. The system may find that you’re eligible for more than 1 program. You don’t always know ahead of time which program you’ll be invited under.
IMPORTANT NOTE: If an applicant is required to provide proof of funds documentation but is unable to, their application will likely be refused/rejected. So, may sure you have this sorted out early enough in the process to prevent any form of disappointments/regrets.
Minimum Settlement Funds Requirement
How much money you’ll need to show as proof of settlement funds for express entry Canada visa depends on your family size. To ascertain the size of your family, you must include:
- your spouse/partner (husband/wife).
- your dependent children.
- your spouse’s dependent children.
Please note that you must include your spouse or dependent children in calculating the size of your family, even if they’re:
- permanent residents or Canadian citizens.
- not coming to Canada with you.
Below, you’ll find the minimum amount you need to immigrate to Canada.
|Number of family members||Settlement Funds Required (in Canadian dollars)|
|For each additional family member||$3,492 CAD|
Updates to Minimum Fund Requirements
IRCC updates the minimum amount you need every year, based on 50% of the low income cut-off totals. The changes are small, but there is a chance they could affect your eligibility. Be sure to check the new numbers once they’re posted in January of each year.
You may need to update your settlement fund numbers in your Express Entry profile once the minimum funds’ requirement is updated. Making updates to your profile does not change the date and time that IRCC received it, so you’ll keep your rank if you’re in a tie-breaker situation.
TIP: If you have more money, you should list the full amount in your Express Entry profile or application.
What IRCC accepts as proof of settlement funds:
Funds must be readily available to you. For example, you can’t use equity on real property as proof of settlement funds.
You also cannot borrow this money from another person. You must be able to use this money to pay the costs of living for your family (even if they aren’t coming with you).
If your spouse is coming with you, you can count money you have together in a joint account. You may be able to count money in an account under their name only, but you must prove you have access to the money.
The funds must be available both when you apply and when (if) we issue you a permanent resident visa. You must prove to an immigration officer that you can legally access the money to use here when you arrive.
For proof, you must get official letters from any banks or financial institutions where you’re keeping money. Letter(s) must:
- be printed on the financial institution’s letterhead
- include their contact information (address, telephone number and email address)
- include your name
- list outstanding debts such as credit card debts and loans
- include, for each current bank account and investment account, the:
- account numbers
- date each account was opened
- current balance of each account
- average balance for the past 6 months
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How much is Canada money to Naira?
Canada money is called Canadian dollars (referred to as CAD for short).
For several years, the foreign exchange rate of the Canadian dollar has been lower than the United States Dollars (USD).
For the last few years, the exchange rate of Canadian dollars (CAD) to Nigerian Naira (₦) has fluctuated between ₦250 – ₦300.
The exchange rate we used in this article to determine the Naira equivalent is C$1 (Canadian Dollar) to ₦274 (Nigerian Naira). So, if the actual exchange rate is lower or higher, the Naira (₦) equivalent amount will change accordingly. For up-to-date exchange rates, check out the XE Currency Converter.
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Charee Oisamoje is the founder of CanadaWiz. She leads the editorial team, which is comprised of subject matter experts that aim to create well-researched, highly detailed content related to studying, working, immigrating, and settling/living in Canada as a newcomer.
Charee's personal experiences as a Canadian immigrant and her professional competencies make her uniquely qualified on the subject matter.
With extensive educational credentials, she is an expert at collecting details, verifying facts, and making complex subjects easy to understand. MBA in Finance MScIB CCEA (#CCG 271) CPA Candidate ✔️CIP ✔️BSc Accounting
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