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This form must be completed by: You, as the principal applicant, Your spouse or common-law partner (whether accompanying you to Canada or not), and. Your dependent children aged 18 or over (whether accompanying you to Canada or not).
How much money you need Number of family membersFunds you need (CAD) Updated June 3, 2024 4 $27,297 5 $30,690 6 $34,917 7 $38,8754 more rows Feb 12, 2025
Canada is the 12th most expensive country in the world. For a family of four, the estimated monthly expenses are around $5,211, with an additional $3,017 for rent, bringing the total to $8,228. For a single person, the monthly cost of living is estimated at $1,450, with rent adding another $1,877, totalling $3,327.
There are two slightly different forms which ask for the same information: the IMM 5465 is for those visiting Canada or working or studying in Canada temporarily. The IMM 5406 form is for those immigrating to Canada (i.e. applying for permanent residence).
The IMM 5604 E Declaration is a document required by the Government of Canada when a minor is immigrating to the country, but one parent or guardian cannot be present.
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There are no restrictions on the amount of money you can bring into or take out of Canada, nor is it illegal to do so. However, any time you cross the border, you must declare any currency or monetary instruments you have in your possession that are valued at CAN$10,000 or more.
Heres a range to get you started (increased to account for inflation): Basic Needs: A family of four might survive on a combined annual pre-tax household income of around $80,000 (increased from $72,000 in 2023).

imm 5406 2023