Canada Increases Settlement Funds Required For Express Entry Immigration

Date Announced:

May 3, 2023


Canada has increased the amount of settlement funds required for skilled worker immigration. Candidates must prove they have the required funds in order to qualify for permanent residence programs. The amounts are used for some Express Entry-linked programs, plus many other programs, including the Start-Up Visa. Although Express Entry manages three immigration programs, only skilled workers under the Federal Skilled Worker and Federal Skilled Trades programs must show they have enough money to settle in Canada.

Departments and Agencies:

Immigration, Refugees and Citizenship Canada

Type of Administrative Action:

Immigration Category:

Economic migrants


settlement funds

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