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The Canadian government has updated the proof of settlement funds requirement, which is a key part of Canada’s federal immigration program, i.e. Federal Express Entry System. The fund s requirement has been marginally increased (1.5 percent) by the IRCC (Immigration Refugees and Citizenships Canada) in the New Year 2019.
| Number of family members | 2018 amount (Canadian dollars) | Amount in 2019 (Canadian dollars) | Increase |
| 1 | $12,474 | $12,669 | $195 |
| 2 | $15,530 | $15,772 | $242 |
| 3 | $19,092 | $19,390 | $298 |
| 4 | $23,181 | $23,542 | $361 |
| 5 | $26,291 | $26,701 | $410 |
| 6 | $29,652 | $30,114 | $462 |
| 7 | $33,013 | $33,528 | $515 |
| Each additional family member | $3,361 | $3,414 | $53 |
The Canada PR applicants in Express Entry system need to show the proof of settlement funds to prove that they got enough financial resources, to support themselves and accompanying family member upon landing in Canada. For an individual applicant, the amount has been increased to $12,669which was $12,474 earlier. If you have any query regarding the topic above or Canada immigration, in general, write us to info@canadapravenue.com.
Canada PR Avenue is purely an online platform to share immigration knowledge and information. It is not associated with any of the Government Immigration agencies or embassies, moreover, it doesn’t deal in any kind of placement or job related services. The website of Canada PR Avenue is a subsidiary website of www.visasavenue.com, hence, any query received on this website will be handled by the Team of Visas Avenue Pvt Ltd.
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