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Update your settlement fund numbers in your Express Entry profile on or before 25th February 2020

By Rajneesh Kumar Posted 25, Feb 2020

visas default image If you have not updated your settlement funds number in your express entry profile yet, get the same updated on or before February 25, 2020.The IRCC (Immigration Refugees and Citizenship Canada) has released the notification about the same.

Updating of the express entry profile doesn't change the date and time of the creation, hence, an applicant will be able to retain his/her rank in case of a tie-breaker situation.

What is proof of funds?

The Proof of funds is the amount of funds a Canadian PR applicant via express entry, needs to show to convince the authorities that he/she has enough money to settle in Canada. If you are invited to apply, you need to provide the written proof that you have this money.

As an express entry applicant, you require proof of funds to meet the minimum requirements of the
  • Federal Skilled Worker Program
  • Federal Skilled Trades Program

How much money applicants require?

As already mentioned that this money signifies that you have enough funds to settle in Canada, however, how much the requirement amount is, depends on the size of your family. Now, in order to calculate the size of your family you must include yourself, your spouse or partner, your dependent children and your spouse's dependent children.

You need to include your spouse or dependent children even if they are permanent residents or Canadian citizens or even ifnot coming to Canada with you.
Also read-Key Programs&Procedure to apply Canadian permanent residency visa from India

Proof of funds requirement revised on 1st January

The IRCC (Immigration Refugees and Citizenship Canada) revise the proof of funds requirement periodically. Recently, it has revised the proof of funds requirement on 1st January 2020. Find below the latest requirement for the proof of funds:

Number of Funds required
family members (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

Apply Canada PR in 2020

Canada is 2nd best country in the world after Switzerland, as per the US News and World Report survey done for 2020 best countries. It is also the no.1 country the world based on quality of life and second best in the world based on the parameter of Citizenship.

Hence, Canada is surely the country to immigrate to on permanent residency visa in 2020. With one of the best immigration systems in the world and lenient immigration policies, it is the first choice of immigration aspirants in 21st century.

Contact Visas Avenue to apply Canada immigration this year

If you want to apply and get the Canadian permanent residency visa this year, Visas Avenue can be your trusted mentor and guide. It is a registered Canadian Visa Consultant associated with ICCRC member. It provides genuine advice, assistance and support to the applicants applying visa in Canada, Australia and other such advanced nations.

The VA team has great success rate in terms of obtaining Canadian visa approvals for its clients, i.e. the visa applicants.

If you want to start your Canadian PR visa process with Visas Avenue, you can simply call on Visas Avenue Toll Free No. 78-18-000-777. You can also send your queries or feedback to our email id-


Rajneesh Kumar

Rajneesh Kumar is a well-known writer,blogger and content creator. His passion and expertise in writing content on Immigration, visa, political affairs, News, current affairs, etc. makes him one of the best professional writers around.

He has been creating the Immigration Content, i.e. Blogs, Articles, social media, videos, etc. for more than 5 years now.


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