CANADIAN IMMIGRATION
  • IMMIGRATE
    • IMMIGRATION SERVICES
    • Express Entry >
      • Federal Skilled Worker Program (FSW)
      • Canadian Experience Class (CEC)
      • Federal Skilled Trades Class (FSTC)
      • Comprehensive Ranking System
      • CRS Calculator
      • PNP Express Entry
    • Family Sponsorship
    • Provincial Nominee Programs >
      • Ontario (OINP)
      • BC - PNP
      • Saskatchewan (SINP)
      • Nova Scotia (NSNP)
      • Alberta AINP
      • Manitoba (MPNP)
      • New Brunswick (NB PNP)
      • Newfoundland (NL PNP)
      • Northwest Territories (NTNP)
      • Prince Edward Island (PEI PNP)
      • Yukon (YNP)
    • Canadian Citizenship
  • WORK
    • LMIA Work Permits
    • LMIA Exempt Work Permits
    • Arranged Employment
    • Work Permits
    • Work Without A Work Permit
    • Open Work Permit
    • Bridging Open Work Permit (BOWP)
  • STUDY
    • Student Visa
    • Work While You Study
    • Post Graduate Work Permit
  • SPONSOR
    • Spouse or Common Law Partner
    • Parent and Grandparent
    • Super Visa
    • Dependent Child or Relative
  • Visit
    • Business Visitor
    • Super Visa
    • Work / Study Visa - Ages 18 to 35
    • TRV & eTA
  • BUSINESS
    • Business Investor
    • Business Visitor
  • EMPLOYER LMIA APPLICATIONS
  • Language Score
  • Settlement Funds - Express Entry
  • INADMISSIBILITY
    • Inadmissibility & Denied Entry Services
    • Temporary Resident Permit (TRP)
    • Authorization To Return (ARC)
  • Legal Help
    • Detention Reviews & Hearings
    • Residency Obligation
    • Removal Order
  • CONSULTATION
  • CLIENTS
    • Spousal Sponsorship Information
    • Spousal Sponsorship Principal Applicant Information
  • Payments
  • Privacy
  • Blog
  • Family Sponsorship Information
GET ASSESSMENT
HOME
CONTACT
ABOUT
Settlement Funds Requirement for Express Entry

How much funds you need to meet the IRCC requirements?

You need a certain amount of funds in order to immigrate to Canada.  You need to show this at the time of application and at the time your visa is issued. The required funds is equal to 50% of LICO (Lower Income Cut-off) and is updated and published on the IRCC website. Please see below table. 

Why do you need settlement funds?

IRCC believes these funds are necessary for you to establish yourself in Canada, have time to find employment and settle in without having to rely on social assistance, or worse, return to your country because you can not afford to stay. Your funds do not need to be in cash – they can be assets or investments as well.
​
​
We often ask clients to get their home appraised (or have a realtor provide a value estimate on letterhead), or provide an investment or bank account balance to submit with the application.
​
We also advise IRCC that these investments will be liquidated upon approval of the visa, and IRCC has always accepted this approach.
​
The amount of required settlement funds changes once a year and is based on the number of immediate family members immigrating with you. The required funds is equal to 50% of LICO (Lower Income Cut-off) and is updated and published on the IRCC website.
​

See the table below to see the minimum amount of funds you will require to immigrate as a Federal Skilled Worker. 
NUMBER OF FAMILY MEMBERS
FUNDS REQUIRED 
1
$12,960.00
2
$16,135.00
3
$19,836.00
4
$24,083.00
5
$27,315.00
6
$30,806.00
7
$34,299.00
FOR EACH ADDITIONAL MEMBER
$3,492.00

When do I NOT need to have Settlement Funds?

If you have arranged employment in Canada or you are currently working in Canada, you do not need to meet any of the financial requirements above.
CONTACT US FOR MORE INFORMATION ABOUT THE IMMIGRATION APPLICATION PROCESS

Location & Hours


Address: 21 Heaton Street, Amherstburg, Ontario - N9V-3Y9

Hours of Operation
Monday - Friday - 9:00 - 5:00
Saturday - 11:00 - 4:00
Sunday - CLOSED 

Appointments can be made outside of regular business hours if scheduled in advance. 
contact us

    Subscribe Today!

Submit
Picture
  • IMMIGRATE
    • IMMIGRATION SERVICES
    • Express Entry >
      • Federal Skilled Worker Program (FSW)
      • Canadian Experience Class (CEC)
      • Federal Skilled Trades Class (FSTC)
      • Comprehensive Ranking System
      • CRS Calculator
      • PNP Express Entry
    • Family Sponsorship
    • Provincial Nominee Programs >
      • Ontario (OINP)
      • BC - PNP
      • Saskatchewan (SINP)
      • Nova Scotia (NSNP)
      • Alberta AINP
      • Manitoba (MPNP)
      • New Brunswick (NB PNP)
      • Newfoundland (NL PNP)
      • Northwest Territories (NTNP)
      • Prince Edward Island (PEI PNP)
      • Yukon (YNP)
    • Canadian Citizenship
  • WORK
    • LMIA Work Permits
    • LMIA Exempt Work Permits
    • Arranged Employment
    • Work Permits
    • Work Without A Work Permit
    • Open Work Permit
    • Bridging Open Work Permit (BOWP)
  • STUDY
    • Student Visa
    • Work While You Study
    • Post Graduate Work Permit
  • SPONSOR
    • Spouse or Common Law Partner
    • Parent and Grandparent
    • Super Visa
    • Dependent Child or Relative
  • Visit
    • Business Visitor
    • Super Visa
    • Work / Study Visa - Ages 18 to 35
    • TRV & eTA
  • BUSINESS
    • Business Investor
    • Business Visitor
  • EMPLOYER LMIA APPLICATIONS
  • Language Score
  • Settlement Funds - Express Entry
  • INADMISSIBILITY
    • Inadmissibility & Denied Entry Services
    • Temporary Resident Permit (TRP)
    • Authorization To Return (ARC)
  • Legal Help
    • Detention Reviews & Hearings
    • Residency Obligation
    • Removal Order
  • CONSULTATION
  • CLIENTS
    • Spousal Sponsorship Information
    • Spousal Sponsorship Principal Applicant Information
  • Payments
  • Privacy
  • Blog
  • Family Sponsorship Information