The mentioned modifications apply to Federal Skilled Worker Program and Federal Skilled Trades Program. It does not include candidates who have a job offer in Canada from these programs.
Candidates for the FSWP and FSTP who do not have employment offers in Canada will need to pay the following sums to stay eligible for immigration:
| 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 |
You must update your Express Entry profile by July 15, 2021 if your proof of funding papers reflect fewer than these amounts. The date and time your profile was received by (IRCC) does not change when you update it. If you are in a tie-breaker position, you will maintain your rank.
What kind of evidence of funds does Canada accept?
You will require documented proof that you have enough money to settle in Canada if you are asked to apply for permanent residency.
Official letters from your bank or financial institution are required for evidence of money, according to the government website.
Letters must include the following information:
- be printed on the letterhead of the banking institution;
- contain the address, phone number, and email of the institution;
- your name should be included;
- mention any outstanding obligations, such as credit card and loan balances contain the actual figures, the date each bank and investment account was opened, the current balance of each account, and the average balance over the previous six months for each bank and investment account.
