On July 5, 2021, Immigration, Refugees and Citizenship Canada (IRCC), revised the Proof of Funds requirements for Skilled Immigrants, applying for the Canadian Permanent Residence Visa via Express Entry’s Federal Skilled Worker Program (FSWP) or Federal Skilled Trades Program (FSTP).
To stay eligible into the Express Entry pool, applicants are requested to update their proof of funds section into the profile no later than July 15, 2021.
The amount of minimum required funds depends upon the size of the family members including the applicant, spouse, and dependent children. Minimum funds need to show to immigrate to Canada are as follows:
|Number of Family Members||Previous Funds||Updated Funds|
|For each additional family member||$3,492||$3,560|
Even if the spouse or dependent children are Canadian Citizens or Permanent Resident, or Non-accompanying, funds as per the size of the family are required.