Settlement Funds and Express Entry query
Printed From: Canada Immigration and Visa Discussion Forum
Category: Canada Immigration Topics
Forum Name: Skilled Worker / Independent Immigration
Forum Description: Permanent residence for skilled workers. The point system and related issues. Employer sponsorship is not a requirement
URL: https://secure.immigration.ca/forum/forum_posts.asp?TID=52702
Printed Date: 28 Jun 2024 at 8:51am
Topic: Settlement Funds and Express Entry query
Posted By: Timmy69
Subject: Settlement Funds and Express Entry query
Date 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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Replies:
Posted By: colin
Date Posted: 10 Jan 2020 at 12:58am
https://www.immigration.ca/proof-of-funds-for-skilled-immigrants-express-entry/" rel="nofollow - 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 https://www.immigration.ca/skilled-worker-immigration-overview/" rel="nofollow - Federal
Skilled Worker and https://www.immigration.ca/federal-skilled-trades-program/" rel="nofollow - Federal
Skilled Trades programs, candidates for which are invited
through https://www.immigration.ca/express-entry-immigration-2017/" rel="nofollow - Express Entry .
Settlement Funds Required For Federal
Skilled Worker and Federal Skilled Trades Programs
Number of Family Members
|
2017 Funds Required
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2018 Funds Required
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2019 Funds Required
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2020 Funds Required
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1
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$12,300
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$12,474
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$12,669
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$12,960
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2
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$15,312
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$15,530
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$15,772
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$16,135
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3
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$18,825
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$19,092
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$19,390
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$19,836
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4
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$22,856
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$23,181
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$23,542
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$24,083
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5
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$25,923
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$26,291
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$26,701
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$27,315
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6
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$29,236
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$29,652
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$30,114
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$30,806
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7
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$32,550
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$33,013
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$33,528
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$34,299
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Each additional family member
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$3,314
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$3,361
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$3,414
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$3,492
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------------- Colin Singer, Canada Immigration Lawyer & Managing Partner, http://www.immigration.ca" rel="nofollow - immigration.ca
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Posted By: colin
Date Posted: 15 Mar 2020 at 10:32pm
The settlement funds required for https://www.immigration.ca/express-entry-immigration-2018/" rel="nofollow - Express Entry
immigration have been updated for 2020.
As of February 25, Immigration Refugees and
Citizenship Canada began applying the adjusted Express Entry settlement fund
limits.
If your profile shows less than the
required settlement funds, it may be considered ineligible.
Settlement Funds Required For 2020
Number of Family Members
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Funds Required (in CAD)
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1
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$12,960
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2
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$16,135
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3
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$19,836
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4
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$24,083
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5
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$27,315
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6
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$30,806
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7
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$34,299
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Each additional family member
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$3,492
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------------- Colin Singer, Canada Immigration Lawyer & Managing Partner, http://www.immigration.ca" rel="nofollow - immigration.ca
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