Newcomers2 min read · Updated October 21, 2026
Express Entry proof of funds: how much settlement money you need
The settlement funds Federal Skilled Worker and Skilled Trades applicants must show, by family size, and who is exempt.
Funds by family size
| People | Funds needed |
| 1 | $15,263 |
| 2 | $19,001 |
| 3 | $23,360 |
| 4 | $28,362 |
| 5 | $32,168 |
| 6 | $36,280 |
| 7 | $40,392 |
For each person above 7, add $4,112.
Who is exempt
Canadian Experience Class applicants, and applicants who are authorized to work in Canada with a valid job offer. Exempt applicants still upload a letter explaining why.
Common questions
How much money for Express Entry?
$15,263 for one person, rising with family size.
Do I need proof of funds for the Canadian Experience Class?
No.