Skilled immigrants in the following categories needs to top-up their readily available funds as IRCC has increased the required proof of funds needed as of June 9, 2022:
Federal Skilled Worker Program
Federal Skilled Trades Program
If you have an active Express Entry profile, ensure that you adjust your available proof of funds before June 8, 2022 to ensure that your profile remains valid.
The increased proof of funds are as follow:
Number of family members | Funds required (CAD) |
|---|---|
1 | $13,310 |
2 | $16,570 |
3 | $20,371 |
4 | $24,733 |
5 | $28,052 |
6 | $31,638 |
7 | $35,224 |
Each additional family member | $3,586 |
To calculate your family size you need to include yourself, your spouse or partner, your dependent children and your spouse or partner's dependent children, even if they are not coming to Canada with you or are already permanent residents or Canadian Citizens.
Proof of funds is not needed for the Canadian Experience Class or if you're already authorized to work in Canada and you have a valid job offer.
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