Print Page | Close Window

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: 21 Oct 2020 at 6:45am


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?




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

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, http://www.immigration.ca" rel="nofollow - immigration.ca


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

Funds Required (in CAD)

1

$12,960

2

$16,135

3

$19,836

4

$24,083

5

$27,315

6

$30,806

7

$34,299

Each additional family member

$3,492



-------------
Colin Singer, Canada Immigration Lawyer & Managing Partner, http://www.immigration.ca" rel="nofollow - immigration.ca



Print Page | Close Window