Proof Of Funds
Proof of funds shows that you have enough money to settle in Canada. If you are invited to apply, you must give written proof that you have the funds.
You need proof of funds to meet the minimum requirements of the Federal Skilled Workers Program (FSWP), Federal Skilled Trades Program (FSTP) as well as Start-up Visa Program.
You do not need to show proof of funds when applying under the Canadian Experience Class (CEC) or if you are authorized to work in Canada and have a valid job offer.
Proof of Funds Required for Skilled Immigrants (Express Entry)
The following shows the minimum amount you need to immigrate to Canada. If you have more money, you should list the full amount in your profile or application.
These amounts are updated every year.
Number of family members: 1
Funds Required: 13,310 Canadian Dollars
Number of family members: 2
Funds Required: 16,570 Canadian Dollars
Number of family members: 3
Funds Required: 20,371 Canadian Dollars
Number of family members: 4
Funds Required: 24,733 Canadian Dollars
Number of family members: 5
Funds Required: 28,052 Canadian Dollars
Number of family members: 6
Funds Required: 31,638 Canadian Dollars
Number of family members: 7
Funds Required: 35,224 Canadian Dollars
Number of family members: For each additional family member
Funds Required: 3,586 Canadian Dollars
How to calculate your family size?
The amount of money you need to support your family depends on the size of your family.
To calculate the size of your family you must include
Yourself
Your spouse or partner
Your dependent children and
Your spouse's dependent children.
The total number of people based on the mentioned categories is your family size.
Include your spouse and dependent children even if they are not going to Canada with you, or are Permanent residents or Canadian Citizens.