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IRCC Updated Minimum Proof of Funds Requirement for Canadian Skilled Immigrants: Effective May 28, 2024

Publish Date: 05/05/2024

IRCC has revised the required settlement funds amount for Federal Skilled Worker Program and Federal Skilled Trades Program applicants.

It is significant to maintain eligibility to update the applications with new figures by 28th May 2024 as it will not be accepted later than 27th May 2024.

However, You don't need to show that you have enough money to support yourself and your family if:

  • you're applying under the Canadian Experience Class or
  • you're authorized to work in Canada and you have a valid job offer, even if you apply under the Federal Skilled Worker Program or the Federal Skilled Trades Program

Minimum Amount of Money You Need to Immigrate to Canada Based on the Size of your Family

Number of Family Members Funds Required (in Canadian dollars)
1 $14,690
2 $18,288
3 $22,483
4 $27,297
5 $30,690
6 $34,917
7 $38,875
If more than 7 people, for each additional family member $3,958

The above table shows the minimum amount you need to immigrate to Canada. You should list the full amount in your profile or application if you have more money.

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