Category: Immigration
Canada updates Express Entry proof of funds for 2021
Canada announced their latest change to the Express Entry
program. There is an updated Proof of Funds that an immigrant must
provide to qualify for Express Entry. These changes are implemented
in both the Federal Skilled Worker Program (FSWP) and the Federal
Skilled Trades Program (FSTP). If you do have a valid job offer from
these programs then this new change does not apply to you. The new
update will start no later than July 15, 2021.
How Much Money Do I Need for Express Entry Now?
New Express Entry Proof of Funds. Here is an updated table that shows you how much money you need to settle in Canada:
| Number of family members | Funds required in CAD |
| 1 | $13,213 |
| 2 | $16,449 |
| 3 | $20,222 |
| 4 | $24,553 |
| 5 | $27,847 |
| 6 | $31,407 |
| 7 | $34,967 |
| Each additional family member $3,560 | |
The proof of funds shows the government that you have enough
money to settle in Canada. The amount of money you need to support
you and your family depends on the household size. You will first
calculate how large your family is, make sure to include the
following people: yourself, your spouse or partner, your dependent
children, and your spouse’s dependent children.
Note: you must include your spouse or dependent children even if
they’re either;
1. permanent Residents or Canadian Citizens.
2. Not coming to Canada with you
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New Zealand relaxes rules for partnership visa
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