If you have submitted an Express Entry profile to immigrate to Canada, here is a critical update you should not overlook: the minimum proof of funds required has increased—and the final date to update your profile has already passed.
Here’s what this means, especially if you are still waiting for an Invitation to Apply (ITA).
Table of Contents
What Has Changed
Immigration, Refugees and Citizenship Canada (IRCC) has raised the minimum settlement funds required for Express Entry applicants. While the increase is modest—just $363.04—failing to update your profile could make it ineligible for upcoming draws.
For example:
- A single applicant now needs at least $11,087.18, up from $10,670.87
- A couple must now show $13,803.35 in available funds
These new requirements came into effect before 28 July 2025, which was also the deadline to update your profile. If you did not adjust your information by that date, your profile may now be considered ineligible.
Should you find this piece engaging, we kindly invite you to explore the wealth of content in our other articles:
- How to Get ECA Reports From WES, CES, ICAS, IQAS, MCC & PBEC
- Singapore to Stop High-Risk Travelers Before Landing With No-Boarding Rules
- One Visa, Six Nations: What You Should Know About the Upcoming GCC Visa
- Best Undergraduate Courses in Canada for International Students
- IRCC Explains Requirements For International Citizens Coming to Canada as Digital Nomads
Updated Proof of Funds Requirements (2025)
| Family Size | Previous Requirement (CAD) | New Requirement (CAD) |
|---|---|---|
| 1 | $14,690 | $15,263 |
| 2 | $18,288 | $19,001 |
| 3 | $22,483 | $23,360 |
| 4 | $27,297 | $28,362 |
| 5 | $30,690 | $32,168 |
| 6 | $34,917 | $36,280 |
| 7 | $38,875 | $40,392 |
| Each additional member | +$3,958 | +$4,112 |
Why Proof of Funds Is Important
Proof of funds is required to show that you have enough financial resources to support yourself and your family when you arrive in Canada. It helps the government ensure that new immigrants are financially prepared for the cost of living in the country.
Even if you meet all other eligibility criteria, not providing updated financial documentation can cause your profile to be dropped from consideration.
What Type of Documentation Is Accepted
IRCC expects an official letter from your financial institution. This letter must be:
- Printed on official letterhead
- Include your name, account number, and account type (e.g., savings, chequing)
- Display your current balance and average balance over the last 6 months
If you have a joint account with your spouse or partner, and they are immigrating with you, you can include the shared account in your proof.
Does Updating Proof of Funds Affect Your CRS Score?
No. If you updated your profile before the 28 July 2025 deadline, your original profile creation date remains unchanged. That means your Comprehensive Ranking System (CRS) score and potential tie-breaker advantage are unaffected.
This update affects eligibility, not ranking.
Who Needs to Show Proof of Funds?
Not everyone in the Express Entry system must provide proof of funds.
Required For:
- Federal Skilled Worker Program (FSWP)
- Federal Skilled Trades Program (FSTP)
Not Required If:
- You are applying under the Canadian Experience Class (CEC)
- You have a valid job offer in Canada and authorization to work
However, if you’re unsure about your status, it’s safer to update your profile with the new fund requirement.
What Happens Next?
Express Entry draws typically occur every two weeks. Only the top-ranking applicants receive an Invitation to Apply for permanent residence.
If your profile is updated and you’re still in the pool, you’re still in the race. If not, you may need to revise your eligibility and resubmit your profile with updated proof of funds.
Conclusion
While this isn’t a major policy shift, small changes like this can significantly affect your Express Entry progress. Staying current with requirements and deadlines is essential to avoid being silently disqualified from future rounds.
