Are there any exemptions from providing settlement funds?

Yes, there are exemptions from providing settlement funds for certain categories of applicants applying for Canada Permanent Residency (PR). These exemptions are typically based on specific circumstances or criteria. Here are some common exemptions:

1. Canadian Experience Class (CEC) Applicants: Individuals applying for PR through the Canadian Experience Class (CEC) are often exempt from providing settlement funds. This is because CEC applicants are already established in the Canadian labor market, having gained skilled work experience in Canada.

2. Protected Persons and Refugees: Individuals who have been recognized as protected persons or refugees in Canada may be exempt from providing settlement funds. This exemption acknowledges the unique circumstances of individuals who have been granted protection due to persecution or human rights violations in their home country.

3. Dependent Children: Dependent children included in the PR application are usually exempt from providing settlement funds, especially if they are below a certain age or meet other eligibility criteria. The primary applicant or sponsor is typically responsible for demonstrating financial support for dependent children.

4. Sponsored Spouses or Common-law Partners: Individuals being sponsored for PR by their Canadian citizen or permanent resident spouse or common-law partner may be exempt from providing settlement funds. Instead, the sponsor is required to demonstrate financial capacity to support the sponsored individual(s) upon their arrival in Canada.

5. Certain Provincial Nominee Program (PNP) Streams: Some Provincial Nominee Programs (PNPs) may offer exemptions from settlement funds for nominees under specific streams or categories. These exemptions may vary depending on the requirements of each PNP stream.