On July 7, 2025, IRCC updated the minimum proof of funds required for Express Entry applicants under the Federal Skilled Worker and Federal Skilled Trades programs.

The updated amounts vary by family size, ranging from CAD 15,263 for a single applicant to CAD 40,392 for a family of seven, with an additional CAD 4,112 for each additional family member. Candidates must update their proof of funds in their Express Entry profile by July 28, 2025, to remain eligible for consideration.

Official bank letters must confirm account balances, the six-month average, debts, and account opening dates.

Funds must be legally accessible and cannot include borrowed money or property equity; however, joint accounts or a spouse’s funds are permitted. Updating financial details will not affect the original profile submission date or Comprehensive Ranking System (CRS) score.

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