{"id":99220,"date":"2022-05-13T14:47:48","date_gmt":"2022-05-13T18:47:48","guid":{"rendered":"https:\/\/immigration.ca\/canada-increases-express-entry-settlement-funds-for-2022"},"modified":"2022-05-13T14:47:48","modified_gmt":"2022-05-13T18:47:48","slug":"canada-increases-express-entry-settlement-funds-for-2022","status":"publish","type":"post","link":"https:\/\/immigration.ca\/fr\/canada-increases-express-entry-settlement-funds-for-2022\/","title":{"rendered":"Canada Increases Express Entry Settlement Funds For 2022"},"content":{"rendered":"

Canada is increasing the number of settlement funds<\/span><\/a> immigrants need under the Federal Skilled Worker Program (FSWP) and Federal Skilled Trades Program (FSTP) through Express Entry<\/span><\/a>.<\/p>\n

\u201cTo stay eligible, you may need to update your settlement fund numbers in your Express Entry profile,\u201d notes Immigration, Refugees and Citizenship Canada (IRCC) on its website. \u201cThe update must be done no later than June 8, 2022.\u201d<\/p>\n

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Read More<\/b><\/p>\n

Canada To Resume All-Program Express Entry Draws From July<\/a><\/span>
\nExpress Entry First Quarter Review: Dramatic Fall In ITA Numbers As IRCC Tackles Backlog<\/span><\/a>
\nImmigration minister reassures business community Express Entry will return to normal soon<\/span><\/a><\/span><\/p>\n

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Those who have applied under the Canadian Experience Class and those authorized to work in Canada and who already have a valid job offer do not have to show this proof of having a higher level of settlement funds \u2013 even if they\u2019ve applied under the FSWP<\/span><\/a> or the FSTP<\/span><\/a>.\u00a0<\/span><\/p>\n

\u201cKeep your funds up to date in your profile,\u201d the IRCC is advising would-be immigrants. \u201cThe system may find that you\u2019re eligible for more than one program. You don\u2019t always know ahead of time which program you\u2019ll be invited under.\u201d<\/p>\n

With the latest round of increases, the funds required for a single applicant have increased from $13,213 in 2021 to $13,310 this year.<\/p>\n

Similar small increases have been applied for each number of family members (see table below).<\/p>\n

The new requirements are outlined below:<\/p>\n

Settlement Funds Required For Federal Skilled Worker and Federal Skilled Trades Programs<\/h3>\n\n\n\n\n\n\n\n\n\n\n\n
\n

Number of Family Members<\/strong><\/p>\n<\/td>\n

\n

2017 Funds Required<\/strong><\/p>\n<\/td>\n

\n

2018 Funds Required<\/strong><\/p>\n<\/td>\n

\n

2019 Funds Required<\/strong><\/p>\n<\/td>\n

\n

2020 Funds Required<\/strong><\/p>\n<\/td>\n

\n

2021 Funds Required<\/strong><\/p>\n<\/td>\n

\n

2022 Funds Required<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

1<\/p>\n<\/td>\n

\n

$12,300<\/p>\n<\/td>\n

\n

$12,474<\/p>\n<\/td>\n

\n

$12,669<\/p>\n<\/td>\n

\n

$12,960<\/p>\n<\/td>\n

\n

$13,213<\/p>\n<\/td>\n

\n

$13,310<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

2<\/p>\n<\/td>\n

\n

$15,312<\/p>\n<\/td>\n

\n

$15,530<\/p>\n<\/td>\n

\n

$15,772<\/p>\n<\/td>\n

\n

$16,135<\/p>\n<\/td>\n

\n

$16,449<\/p>\n<\/td>\n

\n

$16,570<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

3<\/p>\n<\/td>\n

\n

$18,825<\/p>\n<\/td>\n

\n

$19,092<\/p>\n<\/td>\n

\n

$19,390<\/p>\n<\/td>\n

\n

$19,836<\/p>\n<\/td>\n

\n

$20,222<\/p>\n<\/td>\n

\n

$20,371<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

4<\/p>\n<\/td>\n

\n

$22,856<\/p>\n<\/td>\n

\n

$23,181<\/p>\n<\/td>\n

\n

$23,542<\/p>\n<\/td>\n

\n

$24,083<\/p>\n<\/td>\n

\n

$24,553<\/p>\n<\/td>\n

\n

$24,733<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

5<\/p>\n<\/td>\n

\n

$25,923<\/p>\n<\/td>\n

\n

$26,291<\/p>\n<\/td>\n

\n

$26,701<\/p>\n<\/td>\n

\n

$27,315<\/p>\n<\/td>\n

\n

$27,847<\/p>\n<\/td>\n

\n

$28,052<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

6<\/p>\n<\/td>\n

\n

$29,236<\/p>\n<\/td>\n

\n

$29,652<\/p>\n<\/td>\n

\n

$30,114<\/p>\n<\/td>\n

\n

$30,806<\/p>\n<\/td>\n

\n

$31,407<\/p>\n<\/td>\n

\n

$31,638<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

7<\/p>\n<\/td>\n

\n

$32,550<\/p>\n<\/td>\n

\n

$33,013<\/p>\n<\/td>\n

\n

$33,528<\/p>\n<\/td>\n

\n

$34,299<\/p>\n<\/td>\n

\n

$34,967<\/p>\n<\/td>\n

\n

$35,224<\/b><\/p>\n<\/td>\n<\/tr>\n

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Each additional family member<\/p>\n<\/td>\n

\n

$3,314<\/p>\n<\/td>\n

\n

$3,361<\/p>\n<\/td>\n

\n

$3,414<\/p>\n<\/td>\n

\n

$3,492<\/p>\n<\/td>\n

\n

$3,560<\/p>\n<\/td>\n

\n

$3,586<\/b><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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Watch Video<\/b><\/p>\n