{"id":1703,"date":"2024-09-07T23:51:36","date_gmt":"2024-09-07T23:51:36","guid":{"rendered":"https:\/\/immigration-services.org\/?p=1703"},"modified":"2024-09-07T23:51:36","modified_gmt":"2024-09-07T23:51:36","slug":"canada-updates-settlement-funds-for-2019","status":"publish","type":"post","link":"https:\/\/immigration-services.org\/?p=1703","title":{"rendered":"Canada updates settlement funds for 2019"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.canadavisa.com\/images\/_1200x630_crop_center-center_82_none\/settlement-funds-canada-update-resize.jpg?mtime=1656366478\" alt=\"\" title=\"\">  <img fetchpriority=\"high\" decoding=\"async\" alt=\"Settlement funds canada update resize\" src=\"https:\/\/www.canadavisa.com\/images\/_newsThumbnail\/settlement-funds-canada-update-resize.jpg\" width=\"400\" height=\"225\" \/> <img fetchpriority=\"high\" decoding=\"async\" alt=\"Settlement funds canada update resize\" src=\"https:\/\/www.canadavisa.com\/images\/_newsThumbnail\/settlement-funds-canada-update-resize.jpg\" width=\"400\" height=\"225\" \/><\/p>\n<p>The Government of Canada increased the settlement funds\u00a0figures, which are based on family size and are adjusted annually based on 50\u00a0per\u00a0cent of the low income cut-off\u00a0totals.<\/p>\n<p>Immigration, Refugees and Citizenship Canada (IRCC) is\u00a0encouraging candidates to review the new figures to ensure they continue to meet the financial requirements of the Express Entry class under which they are registered, and to keep their funds updated in their Express Entry profile.<\/p>\n<p>While\u00a0Canadian Experience Class (CEC) candidates are not required to demonstrate proof of funds, CEC candidates in the Express Entry pool must also demonstrate proof of funds should they receive an invitation to apply for permanent residence through the\u00a0Federal Skilled Worker Class.\u00a0<\/p>\n<p>Settlement funds are required in order to demonstrate that\u00a0immigration candidates\u00a0have the means to establish themselves and their\u00a0family in\u00a0Canada and pay for initial costs, such as accommodation.<\/p>\n<p>The principal applicant may submit proof of funds for his or her accompanying spouse\/common-law partner, provided that these funds\u00a0are available to the applicant.<\/p>\n<p>The proof funds requirement must be met at the time the application is made, as well as when the permanent resident visa is issued and when the applicant lands in Canada.<\/p>\n<h2>Revised Proof of Funds (as of January 16, 2019)<\/h2>\n<p>The required settlement funds must be equal to or greater than the sums listed below for each family size.<\/p>\n<table>\n<thead>\n<tr>\n<th>Number of family members<\/th>\n<th>Funds required (CAD)<\/th>\n<\/tr>\n<\/thead>\n<thead>\n<tr>\n<td>1<\/td>\n<td>$12,669<\/td>\n<\/tr>\n<tr>\n<td>2<\/td>\n<td>$15,772<\/td>\n<\/tr>\n<tr>\n<td>3<\/td>\n<td>$19,390<\/td>\n<\/tr>\n<tr>\n<td>4<\/td>\n<td>$23,542<\/td>\n<\/tr>\n<tr>\n<td>5<\/td>\n<td>$26,701<\/td>\n<\/tr>\n<tr>\n<td>6<\/td>\n<td>$30,114<\/td>\n<\/tr>\n<tr>\n<td>7<\/td>\n<td>$33,528<\/td>\n<\/tr>\n<tr>\n<td>Each additional family member<\/td>\n<td>$3,414<\/td>\n<\/tr>\n<\/thead>\n<\/table>\n<p>Find out if you are eligible for Canadian immigration<\/p>\n<p> Please visit:  <br \/> <a href=\"https:\/\/teo-bg.com\/en\/tractors\/\" target=\"_blank\" rel=\"nofollow noopener\">Our Sponsor<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Government of Canada increased the settlement funds\u00a0figures, which are based on family size and are adjusted annually based on 50\u00a0per\u00a0cent of the low income cut-off\u00a0totals.Immigration, Refugees and Citizenship Canada (IRCC) is\u00a0encouraging candidates to review the new figures to ensure they continue to meet the financial requirements of the Express Entry class under which they&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1704,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1703","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-immigration-services-at-one-place"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - 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