IRCC has updated the table that shows how much money you need to settle in Canada. To stay eligible, you may need to update your settlement fund numbers in your Express Entry profile. The update must be done no later than July 15, 2021.

Updating your profile doesn’t change the date and time that IRCC received it, so you’ll keep your rank if you’re in a tie-breaker situation.

Proof of funds is how you show IRCC that you have enough money to settle in Canada. If IRCC invites you to apply, you must give written proof that you have this money.

Who needs proof of funds
You need proof of funds to meet the minimum requirements of the

*Federal Skilled Worker Program
*Federal Skilled Trades Program
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