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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:
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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