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🚀 Canada increased the minimum proof of funds required for Express Entry applicants on July 7, 2025.
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📈 The new amount for a single applicant rose from CAD 14,690 to CAD 15,263.
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👨👩👧 The required funds scale up with family size—reaching CAD 28,362 for a family of four.
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🏦 Applicants must show liquid, readily accessible funds through official bank letters.
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❌ Those applying under the Canadian Experience Class or with a valid job offer are exempt from this requirement.
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🗓️ Applicants must update their Express Entry profiles with the new amount by July 28, 2025.
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💡 The adjustment reflects the 50% Low Income Cut-Off (LICO), updated yearly by the government.
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⚠️ Borrowed money or home equity does not count toward the proof of funds.
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🧾 Joint accounts are acceptable only if the applicant can prove legal access to the money.
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📋 To stay eligible, candidates must meet the updated threshold and provide the correct documentation.
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