Finances and Intent

Visiting Saskatchewan will require you to secure a visitor visa (or Temporary Residence Visa) to Canada, except if you are a citizen of a visa exempt country. In other words, if you are not from a country whose citizens are exempted from requiring a visa to enter Canada, you must apply and get a visa from a Canadian embassy or High Commission in your country. So, it is advised that you check to confirm whether or not your country is on the visa exempt list for Canada.


A letter of intent is a letter that puts into words your purpose and plans for your travel to Canada. It covers the details of your planned journey. It is a crucial part of your visa application process, as it provides the immigration officer the necessary information about your planned trip; purpose of the trip, your destination, duration of stay, your intention to return home at the expiration of your visa, and other relevant information. It may also play a significant role in whether or not your visa application will be approved. You would also need to show proof of not overstaying your TRV. Every year millions of prospective travelers apply to enter Canada for various reasons including visit, study, living, among others. While there might be less requirements to fulfill for a visitor visa than the other visa types, Canadian Immigration Officers will require you to convince them on your purpose for wanting to enter Canada, and whether you will return to your country at the expiration of your visa. This convincing, however, may require a lot from you because many previous holders of a visitor visa have overstayed after the expiration of their visa, illegally living there. The Canadian government is working to curb this, and that’s why you must provide as much accurate information as you can to prove that you intend to return to your country before or when your visa expires.


The amount of money you will need to support your visa application depends on how long you intend to stay in Canada and whether you are planning to stay in a hotel, with your relatives or friends. On the average, you should plan to spend around CAD $188 per day on your visit in Saskatchewan, which is the average daily cost based on the expenses of previous visitors. While you may spend less or more, you should have enough funds to cover a budget of at least CAD $2,000 per month. Proof Of Funds As stated earlier, to access a visitor visa, you must show proof that you have enough funds to finance your travel and stay in Saskatchewan/Canada. The amount required as proof is dependent on whether you’re traveling alone or with family, in which case it would depend on the size of your family. Before submitting your application, you must have the “Minimum Funds Required” for the duration of your stay post-arrival. proof of funds must:
  • be official letters, official statements, and/or certificates from one or more financial institutions.
  • have been operated for at least 3 months before submitting your application, and be operated throughout the entire immigration process.
  • be in the name of the main applicant and/or spouse only.
  • Proof of fund’s statement must reflect a transaction history of at least 3 months before the date you submit your application. It must clearly show: type of currency, fund holder’s name, contact information of the financial institution, account numbers, transactions, and balance.
  • In the transaction history, account must show that when the account was at its lowest balance, it met the “Minimum Funds Required” for your travel .
Accepted Proof of funds includes:
  • Personal chequing or savings accounts,
  • Bonds,
  • Cash value life insurance,
  • Guaranteed Investment Certificate (GICs) or Certificates of Deposit,
  • Mutual Funds,
  • Provident Funds (a letter from the provident fund organization indicating the amount of funds that are accessible is required),
  • Registered Retirement Savings Plans (RRSPs),
  • Stocks,
  • Tax Free Savings Accounts (TFSAs),
  • Term deposits and time deposits (must be valid at the time of application and remain valid throughout the entire application process), and/or
  • Treasury Bills
Applicants should note that credit cards, lines of credit, gold, cash, debentures, property or businesses are not acceptable proofs of funds. Travel Insurance Many nations consider travel insurance to be as crucial as a Visa, and may not allow you to enter their territory unless you have appropriate travel insurance. It’s typically well worth the money because it can help you get reimbursed for hundreds of thousands of dollars in covered travel expenses. The typical cost of travel insurance is between 5% and 6% of the total cost of your trip. On the average, cost of travel insurance for a $5,000 trip is $228, with rates ranging from $154 for a basic policy to $437 for a policy with extensive coverage. Medical crises, trip cancellation, trip interruption, delays, medical evacuation, and lost, damaged, or stolen luggage are all covered by most travel insurance plans.