Proof of funds – Skilled immigrants (Express Entry) – Canada.ca

We updated the amount of money you need

We updated the table that shows how much money you need to settle in Canada. We update these numbers every year, based on 50% of the low income cut-off totals. To stay eligible, you may need to update your settlement fund numbers in your Express Entry profile. The update must be done no later than April 25, 2023.

Updating your profile doesn’t change the date and time that we received it, so you’ll keep your rank if you’re in a tie-breaker situation.

Proof of funds is how you show us 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 need

The amount of money you need to support your family is based the size of your family.

To calculate the size of your family include

• yourself
• your spouse or common-law partner
• your dependent children and
• your spouse or common-law partner’s dependent children

You must include your spouse or common-law partner and dependent children, even if they’re

• Canadian citizens or permanent residents
• not coming to Canada with you

This table shows the minimum amount you need to immigrate to Canada as of April 25, 2023. If you have more money, you should list the full amount in your profile or application.