How much money you’ll need to Settle in Canada? – UPDATE

Posted by in CIC News, on May 6, 2020

Update: IRCC has changed the money you need to settle in Canada. Please see below.  If you are interested to come and settle in Canada, please get in touch so that we can help you to get eligible under many categories in Federal or PNP levels.

Do you qualify? Find it out. Call us at 289-801-5048 or go to https://cadimmigration.com/initial-assessment/

We’ve updated the table that shows how much money you need to settle in Canada. To stay eligible, you may need to update your settlement fund numbers in your Express Entry profile. The update must be done no later than February 25, 2020.

Updating your profile doesn’t change the date and time that we received it, so you’ll keep your rank if you’re in a tie-breaker situation.

How much money you’ll need

The amount of money you need to support your family depends on the size of your family. To calculate the size of your family you must include

  • yourself
  • your spouse or partner
  • your dependent children and
  • your spouse’s dependent children

Include your spouse or dependent children even if they’re

  • permanent residents or Canadian citizens
  • not coming to Canada with you

This table shows the minimum amount you need to immigrate to Canada. If you have more money, you should list the full amount in your profile or application.

Number of
family members
Funds required
(in Canadian dollars)
1 $12,960
2 $16,135
3 $19,836
4 $24,083
5 $27,315
6 $30,806
7 $34,299
For each additional family member $3,492

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