Canada increases proof of funds for Atlantic Immigration Program

Nationwide Visas
[Published 05 Aug, 2025 | 06:54 AM]
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Are you thinking of immigrating to the Atlantic provinces of Canada? If yes, you will need to show a little more in the way of settlement funds than last year.

On record, Immigration, Refugees and Citizenship Canada has increased the amount to be shown by the migrant willing to settle in Canada under the Atlantic Immigration Program (AIP). The change came into force as of July 29, 2025.

Now, let us discuss what this change means for potential immigrants looking at the provinces of New Brunswick, Nova Scotia, Newfoundland and Labrador, and Prince Edward Island.

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Settlement Funds: Changes Introduced?

If you are applying under the Atlantic Immigration Program, the settlement amount you are to show must now be $140 more than what was required in 2024.

For example:

• For a single applicant, $3,815 (up from $3,672)
• A family of four needs $7,090 (up from $6,824)
• If seven family members or more, the amount required is up to $10,098

Here's an overview for 2025 fund requirements compared with that of 2024:

Who Is Exempt from Showing Settlement Funds?

If you are already living in Canada with a work permit, you are exempt from demonstrating proof of funds under the AIP. This exemption still allows for flexibility for international workers currently contributing to the Canadian economy.

How Is Family Size Computed?

When considering your settlement fund requirement, the IRCC looks at the size of your entire family, whether or not they are coming with you. This includes:

• You (the primary applicant)
• Your spouse or common-law partner
• Dependent children
• Dependent children of your spouse or partner
• Other family members, even if they are Canadian citizens or are not accompanying you during immigration, are included in the number.

What Is Acceptable As Proof Of Funds?

According to the IRCC, valid proof of funds must be a letter coming directly from the bank or financial institution.

• Must contain your name and contact information of the bank
• Indicate number of accounts, their balances, and their transaction history for the last six months
• Indicates all other banking and investment accounts and debts

In addition:

• You cannot show borrowed funds or equity on your real estate
• Joint accounts with your spouse are allowed
• If funds are held in your spouse's name, you must prove access to them

What Is the Atlantic Immigration Program?

The employer-driven Atlantic Immigration Program is designed to assist in securing permanent residence for skilled foreign workers and international graduates in:

• New Brunswick
• Newfoundland and Labrador
• Nova Scotia
• Prince Edward Island

The AIP application process requires the following:

• A valid job offer from a designated employer
• An endorsement letter from the province
• Meeting the education, language, and settlement fund requirements

AIP applicants are also eligible to apply for a temporary work permit while waiting for PR approval; the temporary work permit can be issued for up to two years, providing flexibility for both the employer and applicant.

Are You Planning on Applying?

In case you are planning to apply for the AIP, it is very important for you to keep updating yourself with the financial changes.

It is best to seek expert guidance to improve your chances. Many candidates will partner with the experts for a smooth migration process, regardless of whether it is a work permit or PNP application under New Brunswick PNP, Nova Scotia PNP, Newfoundland and Labrador PNP, or Prince Edward Island PNP.

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