New Brunswick PNP Financial Guide 2025

Essential financial guidance for New Brunswick Provincial Nominee Program applicants — banking setup, settlement funds, and proof of funds requirements.

New Brunswick PNP Streams Overview

The New Brunswick Provincial Nominee Program (NBPNP) offers several immigration pathways, each with distinct financial requirements. Understanding these financial thresholds is critical for applicants at every stage of the process.

PNP Stream	Key Financial Requirement
Express Entry Labour Market Alignment	Proof of settlement funds (IRCC levels)
Skilled Workers with Employer Support	Job offer + sufficient settlement funds
Skilled Workers in Occupations in Demand	Settlement funds per IRCC guidelines
Business Immigration	Net worth min. $300,000–$500,000; investment $125,000+
Entrepreneurial Stream	Minimum $250,000 net worth; investment commitment

Settlement Funds Required (IRCC 2025)

Most NB PNP applicants must demonstrate they have sufficient funds to support themselves and their family upon arrival. The IRCC sets these minimums based on family size:

Family Size	Minimum Settlement Funds
1 person	$13,757
2 persons	$17,127
3 persons	$21,055
4 persons	$25,564
5 persons	$28,994

Verify current amounts at IRCC.gc.ca — figures updated annually.

Opening a Canadian Bank Account Before Arrival

Several Canadian banks offer account opening for newcomers before they arrive in Canada. RBC, TD, and Scotiabank all have international newcomer programs. Having a Canadian account ready on arrival accelerates your financial setup and helps you transfer settlement funds securely. KOHO can be set up as soon as you receive your Canadian address and SIN.

Getting Your SIN in New Brunswick

A Social Insurance Number (SIN) is required to open most Canadian bank accounts and is required for employment. Apply at a Service Canada office in Fredericton, Moncton, or Saint John upon arrival. Bring your passport, PR card or work permit, and proof of NB address. SIN is typically issued same-day or within 2–3 business days.

Cost of Living in New Brunswick

NB is one of Canada's most affordable provinces, making it an excellent destination for newcomers:

• Average rent (1-bedroom): $1,100–$1,500/month in Moncton; lower in smaller cities
• Average home purchase price: $275,000–$320,000
• NB HST: 15% on most goods and services
• No provincial car insurance monopoly — competitive private insurers
• Grocery and utility costs below national average

Banking Tips for NB PNP Newcomers

• Open your Canadian bank account before arriving if possible (RBC, TD, Scotiabank newcomer programs)
• Get a SIN as soon as possible after arrival — required for employment and most financial products
• Use KOHO immediately for no-fee daily spending while your traditional bank account is processed
• Start building Canadian credit history from day one — secured credit cards help initially
• Keep settlement fund documentation accessible for 6–12 months post-arrival in case of IRCC audits