Breaking News | Important Update for Express Entry Candidates!

Starting May 28, 2024, Canada’s Immigration, Refugees, and Citizenship Canada (IRCC) is increasing the proof of funds requirements for Express Entry candidates. If you’re planning to immigrate under the Federal Skilled Worker or Federal Skilled Trades Programs, make sure you’re prepared with the updated financial requirements:

New Financial Thresholds:

Single Applicant: Now requires $14,690, up from $13,757.

Family of Four: Required funds increased to $27,297 from $25,564.

Please see the image for more details.

Documentation Must-Haves:

Ensure your bank letters are up-to-date with all necessary details including account balances and debts, printed on the bank’s letterhead.

Deadline Alert: Update your Express Entry profile with the new proof of funds by May 27, 2024, to comply with the new rules effective the next day.