On July 7, 2025, Immigration, Refugees and Citizenship Canada (IRCC) announced an increase in the minimum settlement funds required for Express Entry applicants. If you’re aiming for Canada PR 2025 under the Federal Skilled Worker Program (FSWP) or Federal Skilled Trades Program (FSTP), you need to show more money in your profile by July 28 2025 to stay eligible.
📈 New Minimum Funds Table (Effective July 7, 2025)
| Family Size | Required Funds (CAD) | Previous Requirement |
|---|---|---|
| 1 | $15,263 | $14,690 |
| 2 | $19,001 | $18,288 |
| 3 | $23,360 | $22,483 |
| 4 | $28,362 | $27,297 |
| 5 | $32,168 | $30,690 |
| 6 | $36,280 | $34,917 |
| 7 | $40,392 | $38,875 |
| Each additional member | $4,112 | $3,958 |
✅ Who Needs to Show Proof of Funds?
This requirement applies to:
- Federal Skilled Worker Program (FSWP) applicants
- Federal Skilled Trades Program (FSTP) applicants
It does not apply to:
- Canadian Experience Class (CEC) applicants
- FSWP/FSTP applicants with a valid job offer in Canada
📄 What Qualifies as Acceptable Proof?
IRCC requires formal documentation from financial institutions. These letters must include:
- Your name
- Account numbers and types
- Opening dates
- Current balances
- Average balance for the past 6 months
🕒 What You Should Do by July 28, 2025
- Log in to your Express Entry profile
- Check and update your proof of funds with the new amount
- Upload updated bank letters and save changes
- Ensure no drop in CRS rank — this update won’t affect your score
🚀 Stay Competitive in Express Entry Latest Draws
As IRCC holds more category-based draws under Canada PR 2025, make sure you’re not disqualified due to outdated financial information. Speak with a licensed Mississauga immigration consultant today for a full file review.
📞 Book Your Consultation Now
Get expert help ensuring your profile complies with the latest Express Entry rules.