Proof of funds – Skilled immigrants (Express Entry)
Immigration, Refugees and Citizenship Canada have updated the table of proof of funds - Express Entry that shows how much money you need to settle in Canada. To stay eligible, you may need to update your settlement fund numbers in your Express Entry profile. The update must be done no later than June 27, 2022.
Updating your profile doesn’t change the date and time that we received it, so you’ll keep your rank if you’re in a tie-breaker situation.
Proof of funds is how you show us that you have enough money to settle in Canada. If we invite you to apply, you must give written proof that you have this money.
How much money you’ll need
The amount of money you need to support your family depends on the size of your family. To calculate the size of your family you must include
- yourself
- your spouse or partner
- your dependent children and
- your spouse’s dependent children
Include your spouse or dependent children even if they’re
- permanent residents or Canadian citizens
- not coming to Canada with you
This table shows the minimum amount you need to immigrate to Canada as of June 9, 2022. If you have more money, you should list the full amount in your profile or application.
Number of family Members | Funds required in (Canadian Dollars) |
1 | $13,310 |
2 | $16,570 |
3 | $20,371 |
4 | $24,733 |
5 | $28,052 |
6 | $31,638 |
7 | $35,224 |
for each additional family member | $3,586 |