Immigration, Refugees and Citizenship Canada (IRCC) has announced important changes to the requirements for proof of settlement funds for 2025.
Settlement funds are still mandatory for many Express Entry candidates — especially those applying through the Federal Skilled Worker Program and the Federal Skilled Trades Program. However, the required minimum amounts have changed this year.
What does this mean for you?
- Check your eligibility: Not all candidates need to show settlement funds. For example, if you have a valid job offer, you may be exempt.
- Update your Express Entry profile: If you don’t update your profile with the new amounts, and your funds fall below the new threshold, your profile could be removed from the Express Entry pool.
- Act quickly: Make sure you have enough funds in acceptable financial instruments and supporting documents ready.
To find the updated amounts and full details, visit IRCC’s official page: Express Entry Proof of Funds
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