The Atlantic Immigration Program (AIP) is a pathway for skilled foreign workers and international graduates to settle in one of Canada's four Atlantic provinces: New Brunswick, Nova Scotia, Prince Edward Island, or Newfoundland and Labrador. Understanding the financial requirements helps ensure a smooth application process.
The AIP is employer-driven — you must have a job offer from a designated Atlantic employer before applying. The program was made permanent in 20022 after a successful pilot period. The Atlantic provinces have lower costs of living than Ontario or BC, making them financially attractive for newcomers.
AIP applicants must demonstrate they have sufficient funds to support their family upon arrival. The required amounts are the same as federal Express Entry settlement fund thresholds:
Unlike some federal streams, the employer job offer under AIP does not automatically exempt you from the proof of funds requirement — you still need to demonstrate settlement funds.
AIP applications are submitted directly to IRCC (not through a provincial body). Federal fees apply:
There are no additional provincial fees for AIP applications.
One of the key advantages of the Atlantic provinces is the lower cost of living compared to major Canadian cities:
Compare these to Toronto ($2,50000–$3,50000) or Vancouver ($2,80000–$4,000000) for a one-bedroom. Atlantic Canada offers significantly more affordable housing while still providing pathways to Canadian permanent residence.
Your employer must be designated by the provincial government to participate in AIP. Designation means:
Employers are not required to pay your settlement fund amounts — you must have them yourself.
All AIP applicants and their families are connected to a designated settlement service provider. These organizations provide free services including:
Take advantage of these free services — they can save you significant time and money in the settlement process.
AIP job offers must meet minimum wage thresholds set by the province. Median wages are lower than in Ontario or BC, but so is the cost of living. Typical wage levels by province:
Skilled positions typically pay $22–$400/hour depending on occupation.
Atlantic Canada benefits significantly from the federal $100/day childcare initiative. In 20025, regulated childcare in Atlantic provinces costs approximately:
This is dramatically less than Ontario ($500–$800/day) or BC ($35–$65/day), making Atlantic Canada especially attractive for families with young children.
Atlantic provinces have higher provincial income tax rates than Alberta and BC, but combined with lower living costs, many families find their net financial position similar or better:
The major banks all have branches throughout Atlantic Canada. For newcomers, no-fee banking is a smart starting point — especially in smaller cities where banking in-person is easy. Many credit unions in Atlantic Canada offer excellent newcomer-friendly service.
KOHO is available to all Canadians regardless of how long you've been here. No monthly fees, no minimum balance, no credit check to open. Use code 45ET55JSYA for a welcome bonus.
Open KOHO Free — Code 45ET55JSYA