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The finances of moving...

The finances of moving...

Old Oct 15th 2020, 1:36 pm
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Default Re: The finances of moving...

Originally Posted by jordanleanne View Post
As for points calculator, we got stopped at the point needing IELTS scores, and since we aren't planning to move for another couple of years we don't want to get the test done, just for it to expire. Do you have any advice for this?
Yes, just guess your IELTS scores for now - assume max points as native speakers. It's only to give you an idea of your score, if you're not scoring enough then you'll need to look at other visa routes. And if you are scoring enough, then I'd recommend you apply sooner rather than later if you can, if you want to move in a couple of years. If you leave it longer then you risk scores increasing, or the immigration system changing completely.

Can't help with the comparable income I'm afraid, the general guide given on the forum is to make sure you'll be earning at least 1.8 times your UK salary in CAD, so if for example you earn £100k in the UK, you'd need at least $180k in Canada to give you a comparable lifestyle. I'd imagine your salaries should be more than enough, but I've no idea what you earn in the UK or how it will compare.

HTH.

Last edited by christmasoompa; Oct 15th 2020 at 2:01 pm.
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Old Today, 12:11 pm
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Default Re: The finances of moving...

Hi, thanks again for your comments. I ran through the express entry calculator with 9s scores on IELTS for us both, and comes back that we are eligible (yay!). So with your advice to apply sooner rather than later, given that the process takes some time anyway, can you advise on where our money needs to be at the point of putting in an application? We will have a good chunk in equity from selling our home but does this need to be finalized to be included in the details of the application?
Sorry if I'm confusing, obviously this is all very new to us, and I don't want to start the ball rolling and be in too deep too soon. Any information is really appreciated!
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Old Today, 12:14 pm
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Default Re: The finances of moving...

Originally Posted by jordanleanne View Post
Hi, thanks again for your comments. I ran through the express entry calculator with 9s scores on IELTS for us both, and comes back that we are eligible (yay!). So with your advice to apply sooner rather than later, given that the process takes some time anyway, can you advise on where our money needs to be at the point of putting in an application? We will have a good chunk in equity from selling our home but does this need to be finalized to be included in the details of the application?
Sorry if I'm confusing, obviously this is all very new to us, and I don't want to start the ball rolling and be in too deep too soon. Any information is really appreciated!
Fab, that means you're eligible to enter the Express Entry pool. But it's a two stage process, once you're in that pool you then need to be scoring enough on the CRS to be in with a chance of being selected and given an Invitation to Apply for PR. So do double check your CRS scores as the next step, you'll need to be scoring approx 460-470 as a minimum as a rough guide. Here's the test (again, just assume max IELTS scores for now etc, it's only to give you an idea of your score) - https://www.cic.gc.ca/english/immigr...d/crs-tool.asp

You would need to show proof of funds when you submit a full application i.e. after you've been selected from the pool and invited to apply. You have 90 days to submit a full application after receiving the invite. So timescales will depend on your score and how quickly you get an invite really.

HTH.
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