Atlantic Immigration Program (AIP): Assessing the application against selection criteria
IRCC has updated the settlement funds information on September 23, 2022.
If you are already working in Canada and authorized to work, you don’t need to show proof of funds.
If an applicant is not already working in Canada with a valid work permit, they must demonstrate that they have sufficient funds available for settlement in Canada at the time of application and when the application is finalized. The funds must be all of the following:
• available and transferable
• unencumbered by debts or other obligations
• sufficient to support the initial establishment in Canada
Sufficient funds are determined according to the applicant’s family size (including both accompanying and non-accompanying dependants), using 12.5% of the current low income cut-off (LICO) for urban areas with populations of 500,000 or more.
If the applicant is unable to demonstrate that they have sufficient funds to meet the requirements, the application will be refused.
