Canada revises the settlement funds requirement

The government of Canada revises the requirement of the amount of funds that certain skilled workers need to demonstrate in order to migrate to Canada. This policy ensures to stay aligned with the inflation rate annually. The federal government has increased this amount as below:

Number of family members Funds required in Canadian dollars
1 $12,960
2 $16,135
3 $19,836
4 $24,083
5 $27,315
6 $30,806
7 $34,299
For each additional family member $3,492

Your family size decides the amount of funds that you need to carry with yourself. Intended immigrants must show these funds whether their members of the family accompany him or not. Use the above-mentioned table to calculate the size of your family.

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