IRCC has updated minimum settlement fund numbers for Express Entry candidates
The government of Canada updated on May 11, 2022 about the table that shows how much money Express Entry candidates need to settle in Canada.
To be eligible, candidates must update their settlement fund numbers in their Express Entry profiles no later than June 8, 2022. This action will not affect the applicants’ tie-breaker situation. The Canadian government updates the minimum amount of settlement funds every year, based on 50% of the low-income cut-off totals.
Despite these changes being small, they still can affect some applicants’ eligibility. Applicants do not need to show that they have enough money to support themselves and their family if they are:
applying under the Canadian Experience Class or
authorized to work in Canada and you have a valid job offer, even if you apply under the Federal Skilled Worker Program or the Federal Skilled Trades Program
Therefore, the amount of money you need to support your family depends on the size of your family. When calculating the size of your family, you must include yourself, your spouse or partner, your dependent children and your spouse’s dependent children.