Express Entry Proof of funds changes in 2022

Express Entry Settlement Fund 2022, Express Entry, Swift Immigration

Express Entry Proof of funds changes in 2022

Recently, Immigration Canada announced the increase of their settlement fund for Express Entry in 2022. This news has come in preparation for the new Express Entry draws being reinstated in July.

These changes only apply to the Federal skilled worker ( FSW) candidates and Federal skilled trade candidates. If you are part of the Canadian Experience Class, these changes don’t apply to you.

Click here to find out if you are eligible for express entry

To stay eligible in the pool, you must update your settlement fund in your Express Entry profile by June 8, 2022.

Updating your profile doesn’t affect the date and time that IRCC receives your information, so you’ll keep your rank if you’re in a tie-breaker situation.

Proof of funds is how you show Canada Immigration that you have enough money to settle in Canada. If are invited to apply, you must give written proof that you have this money. The most popular proof is Bank statements for at least 6 months. It can be from a personal account or a joint account.

You can’t use the equity on real property, or you can’t use borrowed money as proof of settlement funds. Additionally, you must prepare how you will bring that money when landing in Canada. It is a requirement that you tell the border officer that you are carrying more than $CAD 10 000. Here is a list of how you can bring money into the country without incurring any fines.

  • cash
  • documents that show property or capital payable to you, such as:
    • stocks
    • bonds
    • debentures
    • treasury bills
  • documents that guarantee payment of a set amount of money, which is payable to you, such as:
    • banker’s drafts
    • cheques
    • money orders
    • travellers’ cheques


Canadian Experience Class

Express Entry Canada, CEC, FSW, FSTP, Apply with Swift Immigration

If you’re looking to become a permanent resident in the friendly nation of Canada, there are many different ways to do that. “Canadian Experience Class” is one of the most effective and express methods of becoming a Canadian permanent resident. This method is for you if you are a skilled worker who has worked in Canada for over one year. The Canadian government is always looking for ways to improve its economy and increase the number of skilled workers in the country, CEC is one way to do that.

The Canadian Experience Class is one of the express entry methods managed by the federal government of Canada. To apply for permanent residency through this program you must have already created an online express entry profile. Based on the personal information you provided during your application, you will be ranked under the CRS-  The Comprehensive Ranking System.

To be eligible for this permanent residency program you must meet certain work and language requirements. This method is not for people who are looking to live in Quebec, because they have their own method of selecting skilled workers. If you’re applying through this method, it means you’re ready to leave for other Canadian provinces.

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Travel Restrictions in Canada | Visitor Visa

Travel Restrictions, Canada's Best Immigration Consultant, Swift Immigration

With the Covid-19 pandemic still ravaging different parts of the world, travel restrictions in Canada are still in effect. The Canadian government had put some rules and restrictions in place that may have affected the normal procedure for getting a Canadian visitor visa.

  • Travel Restrictions in Canada

Due to the pandemic, there are travel restrictions in some parts of the world and Canada is not left out.

To prevent the further spread of the deadly virus, Canada has put travel restrictions across its borders.

Applications are still being received for the Canadian visitor visa, but the processing time takes longer and entry into Canada is not guaranteed. To be eligible for consideration you need to be a fully vaccinated traveller and then meet all the other eligibility requirements. Find out if you are eligible to enter Canada.

The restrictions are now slowly being lifted so this will hasten the process up a little bit more. All covid-19 measures and protocols must be taken care of with proof before you will be granted the opportunity to enter Canada.

  • Canada is prioritizing Immediate and Extended Families

Visitor visa canada

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