Express Entry Update: Proof of Funds Change

2024-05-17

Immigration, Refugees and Citizenship Canada (IRCC) has recently updated the minimum proof of funds required for Express Entry applicants.  This update affects those applying under the Federal Skilled Worker Program and Federal Skilled Trades Program.

What you need to do:

Check Your Profile: Have you submitted your Express Entry profile? To maintain your eligibility, you may need to update the settlement fund information in your Express Entry profile by May 27, 2024. Updating your profile will not alter the date and time of your submission, ensuring that your ranking remains unchanged in the event of a tie-breaker situation.

Review Eligibility: 

Don’t forget, proof of funds is not required for the Canadian Experience Class or if you have a valid job offer with work authorization in Canada (even under FSWP or FSTP).

New Minimum Amounts:

The required proof of funds depends on your family size.  See the table below for details (effective May 28, 2024):

 

Need help with your PR application or have any questions about Canadian immigration? Contact us today for expert assistance.

Reference: https://www.canada.ca/en/immigration-refugees-citizenship/services/immigrate-canada/express-entry/documents/proof-funds.html

Disclaimer: The information from the newsletter is directly derived from IRCC. The material and information contained on this website is for informational purposes only and should not be construed as professional advice. Although best efforts have been made to ensure the accuracy of the information at the time of writing, we cannot guarantee the completeness or accuracy of all information. As information may change without notice, always refer to Immigration, Refugees and Citizenship Canada’s website for the most accurate and up-to-date information.

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