As of May 27, Immigration, Refugees and Citizenship Canada (IRCC) will update the proof of funds (POF) requirement for Express Entry candidates.
This requirement is updated annually by IRCC, reflecting the low-income cut-off total published that year by Statistics Canada (StatsCan). As a reminder, IRCC’s POF requirement represents the minimum amount of funds an applicant must have to immigrate to Canada through an Express Entry program.
Note: Candidates with more money than the minimum requirement should list the full amount in their Express Entry profile or on their application.
To help Express Entry candidates better under this requirement, CIC News has compiled a list of frequently asked questions.
IRCC makes proof of funds a requirement for some immigration candidates as a way of proving they have enough money to support themselves and any eligible family members who come with them to Canada. The department’s proof of funds requirement changes annually. Therefore, it is important to remain up-to-date with StatsCan and their low-income cut-off to ensure that candidates have the required funds to immigrate to Canada. Failure to meet this requirement will result in the refusal of the application.
