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Government updates the values for the Proof of Funds Skilled immigrants (Express Entry)

13 May, 2022

Government updates the values for the Proof of Funds Skilled immigrants (Express Entry)

Proof of funds is how you show to the government 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.

Who needs proof of funds:

You need proof of funds to meet the minimum requirements of the

  • Federal Skilled Worker Program
  • Federal Skilled Trades Program

Who does not need proof of funds:

You don’t need to show that you have enough money to support yourself and your family if

  • you’re applying under the Canadian Experience Class or
  • you’re authorized to work in Canada and you have a valid job offer, even if you apply under the Federal Skilled Worker Program or the Federal Skilled Trades Program

Keep your funds up to date in your profile. The system may find that you’re eligible for more than 1 program. You don’t always know ahead of time which program you’ll be invited under.

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

The 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

 

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