Federal Government of Canada updated its settlement funds requirements for two immigration programs under the Express Entry program – Federal Skilled Worker Program (FSWP) and Federal Skilled Trades Program (FSTP). These new proof of funds are required to check eligibility for these immigration programs.
Express Entry also manages profiles of candidates registered under Canadian Experience Class (CEC), under which providing settlement funds are not compulsory.
The amount of funds required depends on the size of the family that includes the applicant. Following are the list of family members that can be included on the application for Canada PR Visa according to the Immigration, Refugees & Citizenship Canada (IRCC):
The applicant is required to mention their spouses and dependent children on the application even if they are Canadian citizens or permanent residents, or if they are accompanying the applicant to Canada.
The following table shows the updated Settlement funds for Canada PR Visa through Express Entry Program in 2020:
| Number of Family Members | Funds Required (In-CAD) |
| 1 | $12,960 |
| 2 | $16,135 |
| 3 | $19,836 |
| 4 | $24,083 |
| 5 | $27,315 |
| 6 | $30,806 |
| 7 | $34,299 |
| Each additional family member | $3,492 |
These changes in settlement funds are done by Canada on a yearly basis with minor changes. These changes can be small but they may affect the eligibility of an immigrant for Canada PR Visa.
Reference is taken from CIC News
We Recommend You
132 Express Entry Candidates with CRS Score Above 400 Invited for Alberta Provincial Nomination162 candidates skilled worker Candidates invited over two Arrima draws by Quebec2018 Express Entry Draw Starts at New Low221 Foreign Workers and International Student Graduates Invited By Manitoba in Latest Draw224 Invitations Issued in Latest Expression of Interest Draw by Manitoba Provincial Draw294 Express Entry Candidates Invited By Alberta for Provincial Nomination with low CRS Score3 Different Selection Process Used in Express Entry PNP’s For Candidates 20183,600 Candidates Invited For Canada Permanent Residence In The Latest Express Draw3,600 Express Entry Candidates Invited in the Latest Express Draw to Apply for Canada Permanent Residence Visa3,750 applications issued invited with 2018’s lowest CRS score of 4403,900 candidates invited in the latest Express draw to apply for Canada PR Visa308 candidates invited in latest Saskatchewan Express Entry and Occupation In-demand draw32 Candidates Invited in The Latest Skilled Worker Program Selection By Quebec Province360 Skilled Workers and International Graduates invited by Manitoba in the latest draw3600 Express Entry Invited by Canada for Canada PR Visa in Latest Express Draw44,500 New PR Candidates Can be Invited by Quebec in 2020440 CRS Points cut off in the Latest Express Entry Draws456 Invitations Issued by Manitoba in Its Latest EOI Draw under Skilled and International Education Immigration Stream492 invitations issued in the latest Manitoba draw500 New Applicants Invited for Saskatchewan Express Entry Sub-Category595 Occupation In-demand and Express Entry Candidates Invited in Latest Saskatchewan EOI Draw for Canada PR Visa70,000 Express Entry Candidates Invited for Canada PR Visa in the Year 2019 with Latest Express Entry Draw769 Express Entry and Occupation In-Demand Candidates Invited by SINP for Provincial Nomination8th Express Entry Draw of 2018A CRS Score as low as 441 announced in the Express Entry DrawsAlberta Makes Promising Changes to Its Immigration ProgramBritish Columbia PNP Requirements 2020Canada – Top Country for Quality of Life in 2020Canada 67 Points CalculatorCanada Charts a Consistent 3,900 ITA with the Latest Express Entry DrawCanada Express Entry Without Work Experience 2020Canada Immigration Consultants in Punecanada immigration for chartered accountantsCanada Immigration for Indian LawyersCanada Immigration News 2019 For IndianCanada Immigration Rules 2020Canada Immigration With low IELTS Band Requirements 2020Canada invites 2,750 candidates to apply in new Express Entry drawCanada invites 3,400 Express entry candidates in the latest express draw for PR VisaCanada Issues 3,900 Invitations for Express Entry in the Latest DrawsCanada Looking for 3000 more Express Entry this yearCanada new immigration plan 2019Canada Permanent Residency (PR) Status for Mechanical EngineersCanada Permanent Residency(PR) for Sales and Marketing ManagerCanada PR for Food Technologistcanada pr for Software Engineer and it professionals 2020Canada PR Process From USA for Indian PassPort 2020Canada PR Processing Time from USA 2020canada pr visa for indian coupleCanada PR visa for Indian DentistCanada PR Visa for Nurses 2020Canada PR Visa for Teachers 2020Canada PR Visa Processing Time from IndiaCanada to Welcome Nearly One Million New Immigrants Through 2020CanadaVisa News Briefs for Mid-October, 2017Canadian Government Extends Atlantic Immigration Pilot programCIC Surprises Applicants with Rare Thursday Express Entry DrawCRS Cut off of 446 points in the latest Express Entry DrawCRS Score as low as 351 in Express Entry Program for OntarioCRS Score Drop to 443 Points with the Latest Express DrawsCRS Score Dropped with 3,600 Invitation Issued in Latest Express Draw for Canada PR VisaCRS Score of 438 Points Sees IRCC Issues 11,150 Invitations in First Month of 2019Documents Required for Canada PR from India 2020Double Nominations for PR by 2022 for OntarioDrop-in CRS Score for Latest Express DrawsEasiest province to get pr in Canada 2020Eleventh Express Entry Draws – 13th June, 2018Express Entry and Occupation In-demand Candidates Invited By Saskatchewan For Provincial NominationExpress Entry and Occupation In-Demand Candidates Invited in The Third Provincial Draw by SaskatchewanExpress Entry And Occupation In-Demand Stream Candidates Invited By Saskatchewan in The Latest DrawExpress Entry candidate with low CRS score invited by Alberta for Provincial Nomination ProgramExpress Entry Candidate with Tech Work Experience Invited in Latest OINP Draw for a Provincial NominationExpress Entry Candidates Can Apply for New Brunswick Provincial Nomination CertificateExpress Entry candidates in Advertising, Marketing or Public Relations Invited by Nova ScotiaExpress Entry Candidates Invited By Ontario Immigration for Permanent Residency Under Skilled Trades Stream DrawExpress Entry Candidates Invited with CRS score as lows as 300 by AlbertaExpress Entry Candidates with CRS Score 352 Invited to Apply For Provincial NominationExpress Entry candidates with CRS score of 350 invited by Alberta for Provincial NominationExpress Entry Candidates With Low CRS Score As 332 Invited To Apply For Canada PR VisaExpress Entry Candidates with minimum CRS score of 400 invited by Alberta for Provincial NominationExpress Entry Candidates With Work Experience Invited in The Latest Draw by Nova ScotiaExpress Entry Draw invited 3,900 candidates for Permanent Residency(PR) status of CanadaExpress Entry Draw results are out, CRS cut off of 442 points askedExpress Entry Draw Will Fall 350 PointsExpress Entry Draws asked for a CRS score of 440 and invited 3,900 applicationsExpress Entry Invitations Record Broken with the Lowest CRS Score for End of the Year 2018Express Entry Latest Draw October 18Express Entry Latest News 2017Federal Skilled Traders Class invited 400 applications in Canada with the CRS cut of 284 pointsFirst Draw of Ontario in 2020 Invites Express Entry Candidates for A Provincial NominationFirst Express Draw of the Year 2020 invites 3,400 Express Entry Candidates to Apply for Canada PR VisaFunds Required for Canada PRHow easy is it to immigrate to Canada from UK?How the reduced time for ITA will affect the candidates?how to apply for Canada pr on my own 2020How to Get a Job in Canada from Dubai?How to Get a Software Job in Canada from IndiaHow to migrate to Canada from AustraliaHuman Capital Priorities Stream of Ontario’s Issues New Invitations to Express Entry CandidatesIELTS Requirement for Manitoba PNP 2020IELTS Requirements for PNP OntarioIELTS Score Requirements for Saskatchewan 2020Immigration to Saskatchewan from India 2019Improve Your CRS Score 2020Increment in Proof of Settlement Funds for Express Entry CandidatesIndian Moving to Canada From USA 2019?Invitations Issued by Nova Scotia for Accountants and Auditors under Labour Market Priorities StreamInvitations Issued by Ontario for the Express Entry-Linked StreamInvitations Issued for Express Entry and Occupation In-demand Candidates for Saskatchewan PNPInvitations Issued For Parents And Grandparents Program To The Interested Sponsors By IRCCInvitations Issued to Express Entry Candidate in the Latest Manitoba DrawInvitations Issued to French-Speaking Express Entry Candidates Via Ontario’s French-Speaking Skilled Worker StreamIRCC Invites 2,750 Express Entry Candidates to Apply In Nov 15 DrawLargest EOI draw of Saskatchewan opened for Express Entry and Occupation in-demand candidatesLargest Express Draw Since January Sees 3,600 Invitations Issued to Express Entry Candidates for Permanent ResidenceLatest Alberta Draw Invited Express Entry Candidates With CRS Score As Low As 300Latest Changes in Canada Express Entry Program Plan 2019Latest Draw Saskatchewan Invites Occupations In-Demand And Express Entry CandidatesLatest Draw of SINP Invites Express Entry and Occupation In-Demand Candidates for PR VisaLatest EOI Draw By Manitoba Invited Skilled Workers and International Graduates For Canada PRLatest express draw invited 3,350 candidates for Canada PR Visa with a drop in CRS score cut-offLatest Express draw invited 3,600 candidates for Canada PR Visa with a decrease in CRS cut-offLatest Express Draw Invited 3,600 Express Entry Candidates for Canada PR VisaLatest Express Draw Invites 3,200 Express Entry Candidates for Canada PR VisaLatest Express Draw invites 3,600 Express Entry Candidate to Apply for Canada PR VisaLatest Express Draw Invites Trade Candidates with CRS Score as Low as 357 for Canada PR VisaLatest Express Draw Issues 3,350 ITAs to the Canada PR Visa Applicants for Express Entry ProgramLatest Express Entry Draw April 2018Latest Express Entry Draw Invited Total 3,350 Candidates For Canada PR VisaLatest Express Entry Draw Invites 3000 candidates with crs score dropLatest Express Entry Draw Issued a Total of 3,350 InvitationsLatest Express Entry Draw Issues 3,350 Invitations to the Canada PR visa AspirantsLatest Express Entry Draw saw a decrease in five points, the score cut off is 440 pointsLatest Express Entry Draws announced on 19th September 2018 with the latest score of 441 PointsLatest invitation round for Prince Edward Island sees 113 invitations issued to express entry candidatesLatest Manitoba’ Skilled Worker Overseas Draw Sees 338 Invitations Issued for Express Entry CandidatesLatest Nova Scotia Draws Invites Express Entry Candidates for PR VisaLatest Saskatchewan EOI Draw Invited 381 Candidates for Provincial NominationLatest Saskatchewan Provincial Draw Invites 460 Candidates to apply for Canada PR VisaLatest Saskatchewan’s EOI Draw Issues 83 Invitations to Express Entry CandidatesMajor Changes in Quebec Experience Program with New Requirements AddedManagement and Financial Work Experienced Express Entry Candidates Invited By Ontario for Canada PR VisaManitoba asks for the lowest CRS score from Express Entry candidatesManitoba EOI Draw Invited Skilled Workers And International StudentsManitoba Invited 249 Immigrants for Provincial Nomination for PR Visa in Latest EOI DrawManitoba Invited 354 Immigration Candidates in the Latest DrawManitoba Invited Immigrants For Permanent Residency In The Latest MPNP DrawManitoba invites 180 applicants for permanent residence in the latest provincial drawManitoba Invites 403 Immigrants via the Fifth EOI Draw of 2019Manitoba invites express entry candidates in their latest draw to apply for provincial nominationManitoba Issues 530 Invitations for Provincial Nomination ProgramManitoba Issues 626 Invitations across its Three Immigration Streams for the First Time in 2019Manitoba Opens Two New Immigration Pathways Through MPNPManitoba PNP Latest News 2017Manitoba PNP Requirements 2019Manitoba PNP Without Job OfferManitoba’s First EOI Draw of the Year 2020 Invites 186 Candidatesmedical reason for refusal to immigrate to canadaMid-Fall Provincial Nominee Program UpdateMore applicants invited by Ontario under the Express Entry ProgramNew Immigration Pilot Program Launched By Nova Scotia For In-Demand Intermediate-Skilled WorkersNew Saskatchewan draw targets Express entry and Occupation In-demand candidates with specific work experienceNinth Express Entry DrawsNova Scotia Invites 204 Express entry Candidates in Latest Labour Market Priorities DrawNova Scotia PNP Demand stream Category B Opening 2018Nova Scotia PNP Without Job Offer in 2019Nova Scotia Targets 430 Registered Nurses for PR in the Latest DrawNova Scotia to invite Early Childhood Educators and Assistant’s on August 8th,2018Occupation In-Demand and Express Entry candidates invited in latest Saskatchewan DrawOntario changes the minimum Score requirement for Provincial Nomination through Human Capital Priorities Stream(HCP)Ontario Has Issued Invitations Under The French Speaking Skilled Workers Stream And Entrepreneur StreamOntario Has Reached Its Limit for Nominations for 2018 With the Latest DrawsOntario Invited 1623 Candidates for A Provincial Nomination Through Newly Launched Tech DrawsOntario invites Express Entry candidates through Skilled Trades and French Speaking Skilled Workers CategoryOntario invites Express Entry candidates with score as low as 350 CRS pointsOntario Issues 1,000 Invitations to the Skilled Trades and French Speaking Candidates in the Latest DrawOntario Issues Invitations via its Huge in Demand Human Capital Stream for First Time in 2019Ontario PNP without Job Offer 2019Ontario Targeted 10 Occupations in Their Latest Draw for Express Entry CandidatesPEI invited 199 express entry candidates to apply for PNP via the latest draw held on February 21PEI-PNP September 19 Draw: Express Entry, Labour Impact, Business Work Permit Applicants Get New InvitationsPR in Canada from AustraliaPrince Edward Island PNP Invites Express Entry Candidates in New DrawProvince of Alberta Invited 180 Express Entry Candidates For A Provincial NominationProvince of Alberta Invited 374 Express Entry Candidates in The Latest Provincial DrawQuebec immigration Requirements 2020Quebec Increased Their Sponsorship, Application and Sponsorship Fee for 2020Quebec’s First Round of Invitations Via Newly Introduced Expression of Interest System Expected SoonRecord Invitations Issued To Express Entry Candidates By SaskatchewanSaskatchewan Draw Sees 858 Express Entry And Occupation In-Demand Candidates InvitedSaskatchewan EOI Draw Targets Revised Occupation In-Demand List CandidatesSaskatchewan Express Entry sub-category closes just hours after openingSaskatchewan Expression of Interest(EOI) asked for a low point score of 65Saskatchewan Holds Expression of Interest Draw to Invite Express Entry and Occupation In-Demand CandidatesSaskatchewan Immigration Latest News 2018Saskatchewan Immigration PR Rules and Requirements 2019Saskatchewan invited 140 applications through Occupations In-Demand immigration sub-category on 20th September, 2018Saskatchewan Invites 514 Applications In Latest Express Entry DrawSaskatchewan Invites Express Entry and Occupation In-Demand Candidates in The Second Round of Invitations in Two WeeksSaskatchewan Issues the Biggest Expression of Interest Draw to DateSaskatchewan Opening Date 2018Saskatchewan PNP without Job OfferSaskatchewan’s Express Entry sub-category opens 2018Saskatchewan’s Second Round of Invitations Invites 234 Candidates for Provincial NominationSaskatchewn Expands in-Demand List with 200 Eligible OccupationsSeptember Might Bring New Online Expression Of Interest For Quebec Skilled Workers Program(QSWP)Settlement Funds Updated for Express Entry Program in 2020Skilled Candidates Invited in Latest Provincial Draw By ManitobaSkilled Worker Candidates invited in the latest draw for a provincial nomination by the province of ManitobaSkilled Workers And International Graduates Invited in Latest Manitoba Provincial DrawSkilled Workers and International graduates invited in the latest Manitoba drawSkilled Workers and International Student Graduate Invited in Latest Manitoba Provincial DrawSkilled Workers Candidates Invited By Quebec Through Its Arrima PortalSlight Decrease in CRS Points Requirement in October 18 Express Entry DrawSocial Benefits Canada Permanent Resident VisaThe latest Express Entry Draw asked for a low CRS cut off of 440 pointsThird time in a row 3,750 Express Entry applications issued ITATwo new streams linked with Express Entry introduced in the Alberta Immigration Nominee program (AINP)Vacancy Rates Jump, Canada Remains Employment Seekers’ MarketWhen SINP Occupation in-Demand Will Open 2018With CRS Score As Low As 303 Express Entry Candidates Invited By Alberta For Provincial NominationWith New Nominations Allocated, Ontario Invites Express Entry Candidates for Provincial NominationYear 2019 Starts with the Largest First Express Draw for Express Entry ProgramEver since I have been in words with Team Nationwide, I have received every kind of support I have looked for, starting from transcript to IELTS coaching they have helped me through all. I already have referred three of my friends to them because to the services delivered and shall  be doing it in near future too.
Quality work and friendliness is why I chose to opt for  Nationwide for filingmy Permanent Residence for Canada.  My parents today are proud of me for making a right choice  and it has all become possible because of Nationwide.
Nothing influences more than a recommendation from  a trusted friend, I got Nationwide Visas reference through one  of my friends, who got his ITA with the help of the Team.  He appropriately mentioned about the documentation and  correct recommendations which I can cherish now.
Before initiating my process, I was bit skeptical, however, after having a word with their consultant who explained me the whole process over the call itself and no where convinced me to just initiate, I  did not  gave it any second thought and initiated my process. Each of the case managers is well verse with the process and never fails short of expectations if I walk up to them for any queries.
From the past 4 months, I had been struggling with the under- standing of the process and wanted to look for a consultant who  cannot only let me know the process but can also guide me about  what all are options available for me.So, after reading there reviews I approached Nationwide and walkingby the words of their reviews  they told me clearly about my chances which I already knew but  was just checking on them.