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
Media mentions
Senior Manager Jonathan Hill noted that stricter UKVI audits and asylum claim reviews are driving more student visa action plans.
Media mentions
Partner K. Edward Raleigh and Associate Anna I. Perina explore how changing immigration enforcement is affecting workforce planning and compliance for US employers.
Blog post
Corporate Services Manager Asfandyar Sheikh and Assistant Corporate Services Manager Ka-Ying Leung provide guidance for businesses on the legal and procedural requirements for amending their AoA in Saudi Arabia.
Blog post
Counsel Susan Steger discusses how US employers can navigate ongoing green card delays and shifting visa bulletin trends to better support foreign talent and workforce planning.
Media mentions
Awards
WirtschaftsWoche names Fragomen to its "Best Law Firms 2025" list and Partner Axel Boysen to its "Best Lawyers 2025" list in the field of migration law for private individuals.
Awards
Fragomen is ranked in Band 1 in Chambers & Partners High Net Worth Legal Guide 2025.
Media mentions
Partner Rick Lamanna discusses the potential option of decentralizing work permit issuance in Canada, emphasizing the need for clear coordination between the provincial and federal governments.
Video
Fragomen FC hosts are joined by Manager Alexander Hood to examine how immigration rules are reshaping global football, from EPL transfers to the rise of international transfers into the Women’s Super League.
Media mentions
Partner Aaron Blumberg noted that enhanced screening measures, including social media vetting, may be contributing to delays in US student visa processing.
Media mentions
Associate Ilaria Iovieno outlines how recent UK immigration reforms will impact construction employers and their ability to sponsor overseas talent.
Media mentions
Senior Manager Jonathan Hill noted that stricter UKVI audits and asylum claim reviews are driving more student visa action plans.
Media mentions
Partner K. Edward Raleigh and Associate Anna I. Perina explore how changing immigration enforcement is affecting workforce planning and compliance for US employers.
Blog post
Corporate Services Manager Asfandyar Sheikh and Assistant Corporate Services Manager Ka-Ying Leung provide guidance for businesses on the legal and procedural requirements for amending their AoA in Saudi Arabia.
Blog post
Counsel Susan Steger discusses how US employers can navigate ongoing green card delays and shifting visa bulletin trends to better support foreign talent and workforce planning.
Media mentions
Awards
WirtschaftsWoche names Fragomen to its "Best Law Firms 2025" list and Partner Axel Boysen to its "Best Lawyers 2025" list in the field of migration law for private individuals.
Awards
Fragomen is ranked in Band 1 in Chambers & Partners High Net Worth Legal Guide 2025.
Media mentions
Partner Rick Lamanna discusses the potential option of decentralizing work permit issuance in Canada, emphasizing the need for clear coordination between the provincial and federal governments.
Video
Fragomen FC hosts are joined by Manager Alexander Hood to examine how immigration rules are reshaping global football, from EPL transfers to the rise of international transfers into the Women’s Super League.
Media mentions
Partner Aaron Blumberg noted that enhanced screening measures, including social media vetting, may be contributing to delays in US student visa processing.
Media mentions
Associate Ilaria Iovieno outlines how recent UK immigration reforms will impact construction employers and their ability to sponsor overseas talent.