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Settlement Funds and Express Entry query

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Timmy69 View Drop Down
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    Posted: 10 Jan 2020 at 12:26am
What settlement funds do I need for Canada Express Entry immigration?
Can somebody please share info about this please?

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colin View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote colin Quote  Post ReplyReply Direct Link To This Post Posted: 10 Jan 2020 at 12:58am

Settlement funds required for new Express Entry immigrants coming to Canada system increased for 2020.

Funds required for a single applicant have increased from $12,669 in 2019 to $12,960 in 2020. 

Similar small increases have been applied for each number of family members (see table below).

The new levels apply to both the Federal Skilled Worker and Federal Skilled Trades programs, candidates for which are invited through Express Entry

Settlement Funds Required For Federal Skilled Worker and Federal Skilled Trades Programs

Number of Family Members

2017 Funds Required

2018 Funds Required

2019 Funds Required

2020 Funds Required

1

$12,300

$12,474

$12,669

$12,960

2

$15,312

$15,530

$15,772

$16,135

3

$18,825

$19,092

$19,390

$19,836

4

$22,856

$23,181

$23,542

$24,083

5

$25,923

$26,291

$26,701

$27,315

6

$29,236

$29,652

$30,114

$30,806

7

$32,550

$33,013

$33,528

$34,299

Each additional family member

$3,314

$3,361

$3,414

$3,492

Colin Singer, Canada Immigration Lawyer & Managing Partner, immigration.ca
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