Islamabad, July 9, 2025: Immigrating to Canada just got more expensive. As of July 7, 2025, Immigration, Refugees and Citizenship Canada (IRCC) has increased the settlement fund requirements for applicants under the Express Entry system, particularly those applying through the Federal Skilled Worker Program (FSWP) and Federal Skilled Trades Program (FSTP).
New Settlement Fund Requirements
Applicants must now show approximately $500 more in savings than before. For example, a single applicant must demonstrate $15,263 in available funds, up from $14,690. A family of four must now prove they have at least $28,362.
| Family Size | Required Funds (2025) | Previous Funds |
|---|---|---|
| 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 Add’l | $4,112 | $3,958 |
Who Needs to Update Proof of Funds?
Only candidates under FSWP and FSTP must meet the new financial threshold. Those applying through the Canadian Experience Class (CEC) or with a valid job offer and work permit in Canada are exempt, but still need to upload a letter of explanation.
Applicants must update their Express Entry profile with the new proof of funds by July 28, 2025, to remain eligible.
Proof of Funds: What’s Acceptable?
Valid documents must:
- Be on official bank letterhead
- Include contact info, account numbers, and balances
- Show 6-month average and list any debts
- Prove the money is readily available and not borrowed
Real estate equity and loans are not accepted. The funds must be liquid and accessible at all times.
Read More: China Extends Visa-Free Entry to 74 Countries—Is Pakistan on the List?
Clarifying Family Size
Family size includes:
- The main applicant
- Spouse or common-law partner
- Dependent children (and those of the partner)
- Dependent grandchildren
This applies even if they’re not accompanying the applicant to Canada.
Read More: Ba-Ikhtiyar Naujawan Internship Program 2025 – Paid Internships for Youth in Pakistan
Express Entry Remains Canada’s Top Pathway
Canada continues to invite over 100,000 skilled workers annually through Express Entry. Staying informed about policy updates is crucial to secure your permanent residency.
