Canada Has Updated The Settlement Funds Requirement

A new proof of funds required to determine eligibility for Federal Skilled Worker Program & Federal Skilled Trades Program candidates in 2020.

The amount of funds needed depends on the size of the family included in the application. According to Immigration, Refugees, and Citizenship Canada (IRCC), the following family members can be included on an application for Canadian permanent residence:

1. the principal applicant;
2. their spouse or partner;
3. their dependent children; and
4. their spouse’s dependent children

Spouses and dependent children must be included in the application even if they are already permanent residents or Canadian citizens, or if they are not coming to Canada with the applicant.

 

For more information visit Canada Government Website: CIC News

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