Canada Startup Visa Proof of Funds Requirement

Canada Startup Visa applicants must show sufficient settlement funds to support themselves and their families in Canada. These funds ensure newcomers can manage living expenses without financial stress. world overseas services assists applicants in calculating and documenting funds correctly.

The required amount depends on family size and is updated annually by the Canadian government. Funds must be readily available, unencumbered, and legally obtained.

Acceptable proof includes bank statements, fixed deposits, or other liquid assets. Property valuations or borrowed funds are not accepted. Immigration officers carefully review fund history to ensure authenticity.

Applicants should maintain consistent balances over time. Sudden large deposits without explanation may raise concerns. Proper financial documentation improves transparency.

Proof of funds is required even if the startup receives support from a designated organization. This requirement is strictly enforced.

Accurate fund planning prevents refusals and processing delays.