Updated Proof of Funds Requirement for Canada Express Entry (08 June 2022)
Canada has updated the proof of funds required for the Express Entry Program.
Proof of funds is an eligibility requirement to show that you have enough money to settle in Canada when you immigrate to Canada. The funds required depend on the family size.
If you have an existing Express Entry Profile, you may need to update the proof of funds question in your profile no later than June 08, 2022. Updating your profile doesn’t change the date and time when it was received by IRCC, so you’ll keep your rank if you’re in a tie-breaker situation in any Express Entry draws.
The below table shows the minimum amount you need to immigrate to Canada. If you have more money, you should list the full amount in your Express Entry 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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