If you are planning to visit Canada in the near future, then you need to obtain a visitor visa /for Canada. While applying for a visitor visa for any country, the requirements will vary, but one common factor that affects your application is the financial requirements that work as proof of your ability to cover all the expenses while visiting the country. 

A major part of successfully getting a Canada Tourist/visitor visa depends upon the proof of funds. Hence, in this article, we'll discuss the amount one has to show as proof of funds and will navigate you through the factors affecting that amount for your Canada visit. 

Minimum Bank Balance Required For a Canada Tourist/Visitor Visa from India

The minimum monetary amount one has to show for a Canada visitor Visa ranges from 7,000 (Approx Rs 4,00,000) Rs to 10,000 CAD (Approx Rs 6,00,000) per person. The mentioned amount is stated on the basis of general experience, which can vary from person to person. So, it is to be noted that IRCC (Immigration, Refugees, Citizenship Canada) has not officially stated any financial requirement for a visitor visa. Keeping that in mind, it is correct to say that there is no specific amount that one needs to show to acquire a visitor visa. 

Factors Affecting the Bank Balance for a Visitor Visa 

As mentioned earlier, the proof of funds is variable and depends upon several factors. Then let's have a look at those factors:

  • Duration of Stay

One of the prominent factors that will proportionally increase the required funds is the duration of your stay. The longer you stay, the more should be the fund. 

  • Purpose of the Visit 

The second factor is the purpose of your visit, such as visiting a family or friend, attending an event, having a business purpose, or leisurely travelling. If you are visiting a family or friend, then the required funds will be less when compared to tourist visits. 

  • Accommodation 

The place you'll be staying in on your visit will greatly impact your bank balance requirements. The cost will vary for a motel, 2-star hotel, 5-star hotel, or a friend or family's place. It all depends on your preference where you choose to stay. 

  • Daily Cost 

Daily cost includes food and other necessities that are primal to everyone. However, the longer your stay duration, the more your daily cost. Especially if you are visiting a tourist, the places you'll be visiting each day will vary, and hence, the expenses may also vary. 

  • Transportation 

Daily transportation expenses will also affect your band balance requirement. The mode of your transportation and the distance you might want to cover each day will increase or decrease your daily transport expenses accordingly. 

  • Additional Expenses 

Additional expenses such as tourist guides, laundry, shopping, etc will again affect the funds one has to show while applying for a tourist visa. 

The bank balance required for a visitor visa is a crucial element of any visa application process, which ensures the Canadian Government that you are able to cover your expenses without being liable to the country. So, if you are planning your trip to Canada and want to pre-organize everything, then get help from a good Canada Visa Consultancy.

 Aptech Visas and Immigration is such visa Consultancy as they have 20-plus years of experience in helping clients to acquire visas successfully. So, start planning your trip to Canada with Aptech!