--- title: Proof of Funds for Federal Skilled Worker Program - Immigrant Visa Center description: IRCC requires proof of funds from skilled immigrants using the express entry that they have enough money to settle in Canada. image: https://www.visacenter.org/hubfs/visacenter-beta/media/2020/07/CAN-FSW-img-Maintenance-Fund-Requirement.jpg --- [+63 917 531 8472](tel:+639175318472) · (02) 5310 0228 Mon–Fri 9:00 AM–4:00 PM PHT (UTC+08:00) Ortigas Center, Pasig City [![IVC Immigrant Visa Center](https://www.visacenter.org/hs-fs/hubfs/visacenter-beta/mockups/logo.jpg?width=150&height=54&name=logo.jpg)](https://www.visacenter.org/) - Destinations [USA](https://www.visacenter.org/usa) - [Visit](https://www.visacenter.org/usa/visit) - [Study](https://www.visacenter.org/usa#study) - [Work & skilled](https://www.visacenter.org/usa#work) - [Family & partners](https://www.visacenter.org/usa/family) [Canada](https://www.visacenter.org/canada) - [Visit](https://www.visacenter.org/canada#visit) - [Study](https://www.visacenter.org/canada/study) - [Work & skilled](https://www.visacenter.org/canada/work) - [Family & partners](https://www.visacenter.org/canada#family) [UK](https://www.visacenter.org/uk) - [Visit](https://www.visacenter.org/uk#visit) - [Study](https://www.visacenter.org/uk#study) - [Work & skilled](https://www.visacenter.org/uk#work) - [Family & partners](https://www.visacenter.org/uk#family) [Australia](https://www.visacenter.org/australia) - [Visit](https://www.visacenter.org/australia#visit) - [Study](https://www.visacenter.org/australia/study) - [Work & skilled](https://www.visacenter.org/australia#work) - [Family & partners](https://www.visacenter.org/australia#family) [Overseas partners](https://www.visacenter.org/partners) [Canada](https://www.visacenter.org/partners/canada) - [Canadore College](https://www.visacenter.org/partners/canada/canadore-college) - [Fanshawe College](https://www.visacenter.org/partners/canada/fanshawe-college) - [Conestoga College](https://www.visacenter.org/partners/canada/conestoga-college) Not sure which visa fits? 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[Home](https://www.visacenter.org/) 2. [Canada](https://www.visacenter.org/canada) 3. [Work & skilled](https://www.visacenter.org/canada/work) 4. Proof of Funds for Federal Skilled Worker Program # Proof of Funds for Federal Skilled Worker Program [IVC Immigrant Visa Center](https://www.visacenter.org/authors/ivc-editorial-team) · April 15, 2020 ![Maintenance Funds FSW](https://www.visacenter.org/hs-fs/hubfs/visacenter-beta/media/2020/07/CAN-FSW-img-Maintenance-Fund-Requirement.jpg?width=400&height=300&name=CAN-FSW-img-Maintenance-Fund-Requirement.jpg) Showing proof of funds to meet the financial requirement for skilled immigration is an important condition to apply to the Express Entry system. Complying with the fund requirement is true for applications under the Federal Skilled Worker and Federal Skilled Trade categories. You have to prove you have sufficient financial resources because the Canadian government will expect you to pay for your family’s living expenses, whether or not they accompany you. If you are applying as a Federal Skilled Worker or to the Federal Skilled Trades Program, the settlement fund amount in your profile is essential for your continued eligibility. Therefore, if the fund requirement increases, you have to update your Express Entry profile. There is no need for you to show proof of funds if you are: - Applying under the Canadian Experience Class. - Authorized to work in Canada, and you have a valid job offer. The financial requirement changes because the government updates the required amount based on existing economic conditions in the country. ![CAN FSW eligibility requirements](https://www.visacenter.org/hs-fs/hubfs/visacenter-beta/media/2020/08/CAN-FSW-Inline-Eligibility.jpg?width=140&height=109&name=CAN-FSW-Inline-Eligibility.jpg) If your maintenance funds are ready, [check if you qualify for the FSW program](https://www.visacenter.org/immigration-assessment-service-contact-form). Do a self-assessment or get tips from us to increase your migration points. Your family size will dictate the amount you must prepare. You have to include all family members, whether or not they immigrate with you, even if they are [Canadian citizens](https://www.canada.ca/en/immigration-refugees-citizenship/corporate/publications-manuals/operational-bulletins-manuals/canadian-citizenship/overview/who-canadian-citizen.html) or [permanent residents](https://www.canada.ca/en/immigration-refugees-citizenship/services/new-immigrants/pr-card/understand-pr-status.html). These are the family members you must include in your calculations: - Yourself. - Your spouse or partner. - Any of your or your spouse’s dependent children. The table below shows the minimum amount needed to immigrate to Canada. | Number of Family Members | Funds Required in CAD | | --- | --- | | 1 | 13,310 | | 2 | 16,570 | | 3 | 20,371 | | 4 | 24,733 | | 5 | 28,052 | | 6 | 31,638 | | 7 | 35,224 | | For each additional family member | 3,586 | ### Proof of funds for skilled immigrants acceptable to IRCC As you must have access to the funds, you cannot use the equity on your real estate property. To comply with the financial requirements, you may not borrow money from another person or bank. However, joint accounts with your spouse are acceptable, but you must prove that you have access to the funds. Some of the acceptable proof of funds include: - Official letters from the banks or financial institutions where you keep the money. The letters must follow standards including: - Your account number, current balance for the past six months, the date you opened each account - The bank or financial institution must use their official letterhead that includes their contact information. - You may bring cash, stocks, bonds, treasury bills, bank drafts, money orders, and traveler’s checks. To meet the financial requirements, IRCC recommends that you bring as much money as you can to make it easier for you to settle in Canada. Remember to inform the border officer if you are bringing over CAD 10,000 into Canada! If you do not, you may be asked to pay a fine or have IRCC seize your funds. 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Protect your investment of time and resources by getting the right information from the beginning! ### More on Canada · Work & skilled - [Federal Skilled Worker Eligibility Requirements](https://www.visacenter.org/immigrant-visa-center-blog/federal-skilled-worker-program-eligibility) - [Points-Based Skilled Immigration: Your Gateway to a Dynamic New Life in Canada, Australia, the UK, and New Zealand](https://www.visacenter.org/immigrant-visa-center-blog/points-based-skilled-immigration-your-gateway-to-a-dynamic-new-life-in-canada-australia-the-uk-and-new-zealand) - [Developments in Canada’s Immigration Policies and Protocols](https://www.visacenter.org/immigrant-visa-center-blog/development-in-canadas-immigration-policies-and-protocols) - [Express Entry Draw Monitoring 2021](https://www.visacenter.org/immigrant-visa-center-blog/monitoring-the-2021-express-entry-draw) - [How Internationally Educated Nurses can practice Nursing in Canada](https://www.visacenter.org/immigrant-visa-center-blog/nursing-registration-in-canada-for-internationally-educated-nurses) [All work & skilled guides for Canada →](https://www.visacenter.org/canada/work) ## Ready to discuss your visa or migration concern? 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