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Home Canada Immigration Ontario fund settlement

Ontario Fund Settlement

For immigrating to Ontario it is essential to meet the funds requirement for Ontario PNP. The province does not require migrants who are unable to support themselves in Ontario. This is the reason that most provinces of Canada asks for fund settlement proofs.
Hereby, the Ontario government has decided the OINP Funds Requirements for you depending upon the family size that can be reviewed here:
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Number of Family Members Funds Required (in Canadian dollars)
1 $12,475
2 $15,531
3 $19,093
4 $23,181
5 $26,292
6 $29,652
7 $33,014
For each additional family member $3,361
The amount mentioned above is updated every year. Connect To Manager

Ontario PNP Settlement Funds for Human Capital Stream:

It is necessary to possess sufficient funds and/or income to meet you and yours family member settlement costs in Ontario. Dependent family members can include your spouse or common-law partner, your children under the age of 22.

How Can OINP Fund Settlement Requirements Be Met?

The Ontario PNP fund settlement requirement can be accomplished with one or a combination of the following:

  • Funds such as bank statements or fixed term deposits or mutual funds that can be readily converted to cash.
  • Annual earnings from existing job in Ontario
  • A job offer from Ontario

Ontario PNP Settlement Funds for Masters Graduate Stream

Applicants applying for Masters Graduate Stream there is essential requirement to show funds/income to cover costs for yourself and your dependent family members, whether they are accompanying you to Ontario or not. The dependent family members include- children below the age of 22 years, common-law partner or spouse. The province of Ontario wants to know whether you will be able to sustain yourself or not.

The fund settlement for OINP can be met through one or combination of both:

  • Funds such as bank statements or fixed term deposits or mutual funds that can be readily converted to cash.
  • Annual earnings from existing job in Ontario
  • A job offer from Ontario
  • List of acceptable documents for OINP Fund Settlement:
  • Recent bank statements
  • Official letters/statements from financial institutions

It is suggested to connect with our immigration experts to know about the Ontario funds and other Canada PR requirements. Get in touch with one of the experts by filling the free assessment form!

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