Canada introduces funds required for skilled immigration

The Government of Canada has updated the financial requirements for applicants for immigration to Canada. Changes have been made for applications under the Federal Skilled Worker Class (FSWC) and Federal Skilled Trades Class (FSTC) programs. Candidates who received an application for an application (ITA) under the Canadian Experience Class (CEC) program are not required to show funds.

Finance can be presented in the form:

  • Cash
  • documents that show the property or capital belonging to you (such as stocks, bonds, debentures, treasury bills, etc.)
  • documents that guarantee the payment of a certain amount of money that is due to you (for example, checks, traveler's checks or money orders)

The main applicant can provide the spouse's funds, provided that these funds are available to the applicant. The requirement for finance must be met at the time of application, as well as when issuing a permanent residence visa.

Financial requirements as of January 5, 2017

The necessary settlement means must be equal to or exceed the amounts listed below for each family size. All amounts are in Canadian dollars.

Number of family members Funds required
1 $12,474
2 $15,530
3 $19,092
4 $23,181
5 $26,291
6 $29,652
7 or more $33,013