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You need proof of funds to meet the minimum requirements of the
Federal Skilled Worker Program
Federal Skilled Trades Program
IRCC updated the table that shows how much money you need to settle in Canada. We update these numbers every year, based on 50% of the low income cut-off totals. To stay eligible, you may need to update your settlement fund numbers in your Express Entry profile. The update must be done no later than May 27, 2024.
Updating your profile doesn’t change the date and time that we received it, so you’ll keep your rank if you’re in a tie-breaker situation.
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