The latest proof of funds requirement for Express Entry in 2025 varies depending on the number of family members. Here are the updated amounts:
- 1 person: CAD 14,690
- 2 people: CAD 18,288
- 3 people: CAD 22,483
- 4 people: CAD 27,297
- 5 people: CAD 30,690
- 6 people: CAD 34,917
- 7 or more people: CAD 38,875
These amounts apply to applicants under the Federal Skilled Worker Program (FSWP) and Federal Skilled Trades Program (FSTP), but not to those with a valid job offer under the Canadian Experience Class (CEC).
The funds must be readily available in the applicant’s account and meet IRCC’s requirements, such as being in the form of cash, bank statements, or financial instruments like bonds or guaranteed investment certificates (GICs).