NEWS
Canada Raises Express Entry Funds Requirement To ₦17 Million For Single Applicants

Foreign nationals seeking to migrate to Canada via the Express Entry system must now show higher proof of funds, following a new update from Immigration, Refugees and Citizenship Canada (IRCC).
Effective July 7, 2025, a single applicant is required to demonstrate access to at least CAD $15,263 (around ₦17 million), up from the previous CAD $14,690. For a family of two, the minimum threshold has risen to CAD $19,001 (about ₦21.2 million).
The change comes as part of IRCC’s annual review of settlement fund requirements, based on 50% of the low-income cut-off figures published by Statistics Canada.
These funds are meant to prove that newcomers can support themselves—and their families—after arriving in Canada.
Applicants must submit official bank letters printed on letterhead from institutions where their funds are held. Those applying with a spouse may combine funds held in joint accounts.
To stay eligible in the Express Entry pool, candidates must update their proof of funds by July 28, 2025. However, this update will not affect the original submission date and time of their profile, meaning their standing in tie-breaker draws remains unchanged.
Proof of funds is mandatory for those applying under the Federal Skilled Worker Program and the Federal Skilled Trades Program. It is not required for applicants under the Canadian Experience Class or for those with a valid job offer and authorization to work in Canada.
Completing an Express Entry profile is only the first step toward permanent residency. The IRCC selects top-ranking candidates from the pool in regular draws, using the Comprehensive Ranking System (CRS) to assess and rank each profile.
Discover more from Naijanewstoday
Subscribe to get the latest posts sent to your email.
-
POLITICS5 days ago
C-Sagas UK Chapter Meets Founder in London, Reaffirms Humanitarian Vision
-
TECH7 days ago
OpenAI CEO Sam Altman Warns ChatGPT Conversations Aren’t Legally Confidential
-
NEWS5 days ago
Ikwo Noyo Clan Releases Official Timetable for 2025 Nnesweoha Festival
-
ENTERTAINMENT4 days ago
VeryDarkMan Breaks Down in Tears as He Announces Death of Popular Fish Seller
-
NEWS5 days ago
Nigerian Youth Advocate Calls Out Facebook’s Monetisation Policies
-
CAMPUS REPORTS6 days ago
VC Inaugurates Two New Residential Flats Built by AE-FUNAI Parents’ Forum
-
CAMPUS REPORTS5 days ago
Experts Urge Responsible AI And Data Use at AE-FUNAI Law Conference
-
POLITICS4 days ago
2027 Elections: We’re the Only Viable Alternative to APC, PDP Slams ADC
-
CAMPUS REPORTS6 days ago
AE-FUNAI Hosts ACSPN, Highlights Role of Artificial Intelligence in Media and Security
-
SPORTS7 days ago
Asisat Oshoala Shuts Down Retirement Rumors After WAFCON Triumph
-
NEWS6 days ago
David Umahi’s Daughter Kimberly Graduates With First Class
-
SPORTS4 days ago
Morocco Challenges Referee Call After Super Falcons’ WAFCON Triumph