Some Express Entry applicants are required to show proof of funds in order for their application to be approved. This is known as Express Entry proof of funds, or settlement funds.
Do you need to show proof of funds for an Express Entry application? Well, that depends on three main factors: (i) the specific immigration program for which you received your invitation to apply; (ii) whether or not you were awarded points for a job offer under the Express Entry Comprehensive Ranking System; and (iii) your current work status in Canada.
Use the simple chart below to find out if you may need to show Express Entry proof of funds.
|Federal Skilled Worker||Canadian Experience Class||Federal Skilled Trades|
|Job offer & authorised to work in Canada||Not required||Not required||Not required|
|Job offer but not currently authorised to work in Canada||Proof of funds required||Not required||Proof of funds required|
|No job offer||Proof of funds required||Not required||Proof of funds required|
If you fall into a category that requires you to show Express Entry proof of funds, you probably now want to know exactly how much money you need to prove for your Express Entry application.
Express Entry proof of funds
The figures below are in place as of July 5, 2021.
|Number of family members||Required funds (in CAD)|
|1 (single applicant)||$13,213|
|For each additional family member, add||$3,560|
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