Canada: Updated Proof of Funds Requirements for Certain Express Entry Permanent Residence Applicants
July 9, 2025

Immigration, Refugees and Citizenship Canada has released the updated minimum settlement fund requirements for foreign nationals applying for permanent residence through the Express Entry – Federal Skilled Worker and Federal Skilled Trades Programs. The minimum amounts, which are typically updated annually, depend on family size and are detailed here. Foreign nationals applying for permanent residence through these programs must have the minimum required funds readily available (in a bank or financial institution) both at the time of application and when the permanent residence visa is issued. Applicants who have already submitted their Express Entry profiles must update their profiles with their proof of funds by July 28, 2025, to remain eligible. Individuals affected by this change should consult their immigration professional for case-specific advice.
This alert is for informational purposes only. If you have any questions, please contact the global immigration professional with whom you work at Fragomen.
Explore more at Fragomen

Fragomen news
Fragomen supported this report, which explores how gender shapes migration patterns, visa routes, employment and settlement in the UK.

Blog post
Senior Associate Tomasz Rdzanek or Poland Immigration Strategy Director Tomasz Rogala discuss proposed changes to Poland’s citizenship law aimed at simplifying eligibility and clarifying naturalisation procedures for foreign nationals.

Video
Manager David Makau discusses Oman's recent introduction of a Golden Visa program.

Media mentions
Partner Louise Haycock highlights the inclusion of performing arts occupations on the temporary shortage list and what it means for international talent in the sector.

Media mentions
Partner Louise Haycock highlights opportunities for easier access to overseas talent for the UK creative sector while guiding businesses through evolving visa rules.

Blog post
Associate Amelia Haynes and Paralegal Clare Macmillan Bell discuss the legal considerations surrounding British citizenship for children born through adoption or surrogacy.

Media mentions
Partner Bo Cooper provides insight on how evolving US and UK immigration policies, including recent H-1B changes, are shaping corporate mobility and compliance strategies.

Video
O Diretor Executivo da Fragomen Brasil, Diogo Kloper, destaca uma atualização importante na política migratória brasileira, que muda significativamente o que estrangeiros podem fazer no país sob o status de visitante.

Media mentions
Partner Rajiv Naik provides insight on how immigration frameworks across the UK, Europe and EMEA are evolving to support start-ups and entrepreneurial talent.

Media mentions
Partner Jo Antoons discusses the rollout of the EU's new Entry/Exit System.

Media mentions
Fragomen is featured in The Times as a key immigration adviser highlighting Abu Dhabi’s rising demand for golden visas, especially among UK nationals seeking long-term, self-sponsored residency.

Video
Brazil Managing Partner Diana Quintas highlights Brazil’s visitor visa rules and what travelers should know.

Fragomen news
Fragomen supported this report, which explores how gender shapes migration patterns, visa routes, employment and settlement in the UK.

Blog post
Senior Associate Tomasz Rdzanek or Poland Immigration Strategy Director Tomasz Rogala discuss proposed changes to Poland’s citizenship law aimed at simplifying eligibility and clarifying naturalisation procedures for foreign nationals.

Video
Manager David Makau discusses Oman's recent introduction of a Golden Visa program.

Media mentions
Partner Louise Haycock highlights the inclusion of performing arts occupations on the temporary shortage list and what it means for international talent in the sector.

Media mentions
Partner Louise Haycock highlights opportunities for easier access to overseas talent for the UK creative sector while guiding businesses through evolving visa rules.

Blog post
Associate Amelia Haynes and Paralegal Clare Macmillan Bell discuss the legal considerations surrounding British citizenship for children born through adoption or surrogacy.

Media mentions
Partner Bo Cooper provides insight on how evolving US and UK immigration policies, including recent H-1B changes, are shaping corporate mobility and compliance strategies.

Video
O Diretor Executivo da Fragomen Brasil, Diogo Kloper, destaca uma atualização importante na política migratória brasileira, que muda significativamente o que estrangeiros podem fazer no país sob o status de visitante.

Media mentions
Partner Rajiv Naik provides insight on how immigration frameworks across the UK, Europe and EMEA are evolving to support start-ups and entrepreneurial talent.

Media mentions
Partner Jo Antoons discusses the rollout of the EU's new Entry/Exit System.

Media mentions
Fragomen is featured in The Times as a key immigration adviser highlighting Abu Dhabi’s rising demand for golden visas, especially among UK nationals seeking long-term, self-sponsored residency.

Video
Brazil Managing Partner Diana Quintas highlights Brazil’s visitor visa rules and what travelers should know.