IRCC has updated the minimum amounts of settlement funds required for applications made through Express Entry.
Who needs proof of funds:
Who doesn't need proof of funds
-
Applicants with a valid job offerand authorization to work in Canada.
How is the required amount calculated?
The minimum amount of funds required depends on the family size, which includes:
-
Principal applicant
-
Spouse or common-law partner
-
Principal applicant's dependent children
-
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 or not immigrating with you.
Minimum amounts
| Number of family members | Amount Needed (CAD) - Updated July 7, 2025 |
|---|---|
| 1 | $15,263 |
| 2 | $19,001 |
| 3 | $23,360 |
| 4 | $28,362 |
| 5 | $32,168 |
| 6 | $36,280 |
| 7 | $40,392 |
| For each additional family member over 7 | +$4,112 |
Important deadline:
If you already have a profile created in Express Entry, update your available funds in your Express Entry Profile before July 28, 2025.
"Important: Immigration requirements are constantly changing. The information on this page is current at the time of publication."