Important update for immigration candidates! As of July 7, 2025, the Government of Canada has raised the minimum settlement funds required for Express Entry programs. These updates affect individuals applying under the Federal Skilled Worker Program (FSWP) and the Federal Skilled Trades Program (FSTP) who do not have a valid job offer in Canada.

You must update your Express Entry profile by July 28, 2025, to stay eligible.

New Funds Requirement:

  • A single applicant now needs CAD 15,263, up from CAD 14,690 in 2024.

  • Fund requirements are based on the number of family members.

Family Size

Required Funds (CAD)

1

15,263

2

19,001

3

23,360

4

28,362

5

32,168

6

36,280

7

40,392

Each additional

+4,112

Who Must Show Proof of Funds?

  • Anyone applying under FSW or FST without a Canadian job offer.

  • Exemptions: Applicants in the Canadian Experience Class (CEC) or those with a valid job offer in Canada.

Action Required:

  • Update your Express Entry profile by July 28, 2025.

  • Provide a letter from your bank that includes:

    • Account numbers, open date

    • Current and average balance of the past 6 months

    • Any existing debts
       

Why This Matters:

IRCC reviews these amounts annually to align with the cost of living in Canada. This ensures newcomers have enough funds to settle smoothly.

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