Along with education, work experience and language requirements, there are few other requirements that need to be met in order immigrate to Canada through the Federal Skilled Worker program under Express Entry.
Proof of funds is how you show the Government of Canada that you have enough money to settle in Canada and support yourself and your family (if applicable). If they invite you to apply, you must show proof that you have a minimum amount of money to do so, as we’ll explain below.
The amount of money you need to prove depends on the size of your family. To calculate the size of your family you must include:
Note: Include your spouse or dependent children even if they’re permanent residents or Canadian citizens not coming to Canada with you.
The table below shows the minimum funds you need to immigrate to Canada based on your family size:
Source (make sure to check the link as the minimum funds increase from time to time)
The Government of Canada accepts official letters from any banks or financial institutions where you’re keeping money for proof of funds.
These funds must be readily available during your Express Entry application and when Immigration Canada issues your final approval.
Thanks for reading our 4-part guide on the Federal Skilled Worker program. If you think you may be eligible or to get more help, sign up for our free immigration portal here.