Immigration, Refugees and Citizenship Canada has announced the updated minimum funds required for foreign nationals applying for permanent residence through the Express Entry – Federal Skilled Worker and Federal Skilled Trades Programs.

These minimum amounts, typically revised annually, vary based on family size and must be met by all applicants in these categories.

Key Points:

– Who is Affected: Applicants under the Federal Skilled Worker Program and the Federal Skilled Trades Program.

– Requirement:  Applicants must have the required funds readily available in a bank or financial institution at both the time of application and when the permanent residence visa is issued.

– Exemptions: Applicants under the Canadian Experience Class or those with a valid job offer in Canada are not subject to this requirement.

For detailed information and specific fund amounts based on family size, Contact us