On January 1, 2020, Immigration, Refugees and Citizenship Canada (IRCC) updated the financial requirements PR applicants need to demonstrate in order to settle in Canada. IRCC called all candidates to update their settlement funds in the Express Entry profiles. Single candidates will now need to show $12,960 in possession. Families of two must show $16,135. Families of three have to possess $19,836. Families of four people should have $24,083. The full table of funds required is available here. In addition, IRCC increased the annual cost threshold for excessive demand on health and social services. The average Canadian per capita health and social services cost was increased from $6,839 to $7,068, and 3 times that average has been updated from $20,517 to $21,204.
#IRCC, #proof_of_funds, #settlement_funds, #excessive_demand_threshold, #healthcare