One of the most common questions about Canada visa applications is: "How much bank balance do I need?" This guide explains financial requirements for different visa types and how to demonstrate sufficient funds.
General Financial Requirements
While there's no fixed minimum, IRCC expects you to show sufficient funds to cover:
- Travel expenses (flights, accommodation, food)
- Living expenses during stay (CAD $1,000-1,500 per month)
- Return journey costs
- Emergency expenses
Recommended Bank Balance by Visa Type
- Tourist/Visitor Visa: CAD $2,000-3,000 (₹1.3-2 lakh) for 2-week trip. For tourist visa applications, show consistent balance over 6 months.
- Business Visa: CAD $3,000-5,000 (₹2-3.3 lakh). Business travelers should show company financials too.
- Super Visa: Child/grandchild must meet LICO (Low Income Cut-Off). For Super Visa, sponsor's income matters more.
- Student Visa: CAD $10,000+ (₹6.5 lakh+) per year. Students need tuition + living expenses proof.
- Medical Visa: CAD $20,000-50,000+ (₹13-33 lakh+) depending on treatment. Medical visas require treatment cost proof.
Required Financial Documents
- Bank statements (last 6 months) - must show consistent balance
- Fixed deposit certificates
- Income tax returns (last 2-3 years)
- Employment letter with salary details
- Salary slips (last 3-6 months)
Tips to Strengthen Financial Profile
- Maintain consistent balance (avoid sudden large deposits)
- Show regular income source
- Include all income sources (salary, investments, rental income)
- For sponsored trips, include sponsor's financial documents
Financial Support Services
- Canada Visa Consultation - Financial document review
- Canada Tourist Visa - Tourism with proper funds
- Canada Family Visa - Family visit with sponsor support
- Canada Super Visa - Parent visa with sponsor income
