Canada updates the minimum settlement fund requirements every year. Though the changes may be small, they may affect the eligibility of certain applicants. The federal government has increased the amount of funds requirement for Federal Skilled Worker Program (FSWP) and for Federal Skilled Trades Program.
Please find below the funds to be shown in the Account while you submit the application to the Immigration department of Canada.
This table show the minimum amount you need to immigrate to Canada.
Number of Family Members
Funds required (in Canadian Dollars)
| $12,960 |
For each additional family member
However, this funds are not mandatory for those you are applying under CEC(Canadian Experience Class) and those you have valid job offer.