Canada Raises Express Entry Proof-of-Funds for FSWP & FSTP Applicants

Immigration, Refugees and Citizenship Canada (IRCC) has increased the minimum required settlement funds for applicants under the Federal Skilled Worker Program (FSWP) and the Federal Skilled Trades Program (FSTP).
💰 What Has Changed?
- A single applicant now needs CAD 15,263 (up from CAD 14,690)
- A family of four must now show CAD 28,362 (up from CAD 27,297)
- Requirements also increased by CAD 500 for all family sizesImmigration Global Space+8CIC News+8The Economic Times+8LinkedIn+1Immigration Global Space+1
| Family Size | Previous Amount | New Amount (as of July 7, 2025) |
|---|---|---|
| 1 person | CAD 14,690 | CAD 15,263 |
| 2 people | CAD 18,288 | CAD 19,001 |
| 3 people | CAD 22,483 | CAD 23,360 |
| 4 people | CAD 27,297 | CAD 28,362 |
| Additional members | + CAD 3,958 each | + CAD 4,112 each |
This annual adjustment reflects changes in Canada’s low-income cut-off figures.
🧩 Who Must Show Funds?
IRCC requires proof of settlement funds for all FSWP and FSTP applicants—unless you qualify under the Canadian Experience Class (CEC) or hold a valid job offer and are authorized to work in Canada. Note: even exempt applicants must upload a profile letter indicating their exemption.
📅 What You Must Do
- Submit your updated proof of funds by July 28, 2025, in your Express Entry profile to remain eligible.
- Updating won’t affect your profile’s original submission time, ensuring your ranking remains intact in case of tie-breakers.
📝 What Counts as Proof?
Acceptable documents include official bank letters (on letterhead) with:
- Financial institution’s contact details
- Applicant’s name, account numbers, balances (current & 6-month average)
- Outstanding debt declarations
❌ Real estate equity and borrowed funds don’t qualify.
✅ How Liberty Immigration Can Help
At Liberty Immigration, our licensed RCICs ensure your proof-of-funds documentation meets IRCC’s updated thresholds and timeline. We prepare you thoroughly, so your file stays strong and compliant.
📍 Tip: Even if you’re exempt under CEC or job offer criteria, we can help you craft the required profile letters to avoid profile delays.
🔍 Next Steps
- Check your funding today and calculate the required threshold.
- Gather bank letters that meet IRCC standards.
- Update your Express Entry profile before July 28, 2025 — don’t risk losing your competitive edge.
Need expert help? 📅 Book a free consultation with our seasoned team. We’ll guide you through every step.
Disclaimer: This article is for general information only. Requirements may change—contact a licensed RCIC for tailored advice.

