Under the Skilled Worker category of Immigration, the Canada Immigration Officer assessing an application must be satisfied that the applicant has enough funds for settlement in Canada.

For your proof of settlement funds, those funds must be transferable and net of debts or other obligations. The requirement for settlement funds is waived if the applicant has Arranged Employment in Canada.

The required settlement funds must be equal to or greater than the sums listed below for each family size.

Number of family members Funds required
1 $12,300
2 $15,312
3 $18,825
4 $22,856
5 $25,923
6 $29,236
7 $32,550
For each additional family member $3,314

Requirements for settlement funds are updated annually.

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