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Canada Has Updated The Express Entry Proof Of Settlement Funds Requirement in Jan 2019

March 26 , 2020 By Rajneesh Kumar

CANADA UPDATES PROOF OF SETTLEMENT FUNDS FOR EXPRESS ENTRY CANDIDATES

 

The Canadian government has updated the proof of settlement funds requirement, which is a key part of Canada’s federal immigration program, i.e. Federal Express Entry System. The fund s requirement has been marginally increased (1.5 percent) by the IRCC (Immigration Refugees and Citizenships Canada) in the New Year 2019.

Updated Proof of Settlement Funds Requirement

Number of family members 2018 amount (Canadian dollars) Amount in 2019 (Canadian dollars) Increase
1 $12,474 $12,669 $195
2 $15,530 $15,772 $242
3 $19,092 $19,390 $298
4 $23,181 $23,542 $361
5 $26,291 $26,701 $410
6 $29,652 $30,114 $462
7 $33,013 $33,528 $515
Each additional family member $3,361 $3,414 $53


The Canada PR applicants in Express Entry system need to show the proof of settlement funds to prove that they got enough financial resources, to support themselves and accompanying family member upon landing in Canada. For an individual applicant, the amount has been increased to $12,669which was $12,474 earlier. If you have any query regarding the topic above or Canada immigration, in general, write us to [email protected].

 

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