Jan 12, 2018 – Settlement funds required for new skilled worker immigrants coming to Canada have increased for 2018.
The new levels apply to both the Federal Skilled Worker and Federal Skilled Trades programs, candidates for which are selected using the Express Entry System. Certain Canadian Experience Class candidates also need to prove they have the settlement funds.
The new requirements are outlined below:
Settlement Funds Required For Federal Skilled Worker and Federal Skilled Trades Programs
| Number of Family Members | 2017 Funds Required | 2018 Funds Required |
| 1 | $12,300 | $12,474 |
| 2 | $15,312 | $15,530 |
| 3 | $18,825 | $19,092 |
| 4 | $22,856 | $23,181 |
| 5 | $25,923 | $26,291 |
| 6 | $29,236 | $29,652 |
| 7 | $32,550 | $33,013 |
| Each additional family member | $3,314 | $3,361 |
To read this article in its entirety please click here
Interested employers: Kindly contact us
here to receive further information.
Interested candidates: Find out whether you
qualify to Canada by completing our
free on-line evaluation. We will provide you with our
evaluation within 1-2 business days.
The content of this article reflects the personal insight of Attorney Colin Singer and needs no disclaimer
