Understanding the New Express Entry Proof of Funds 2025

The requirement for Express Entry proof of funds 2025 primarily applies to those in the FSWP and FSTP pools.

However, you do not need to provide proof of funds if you:

• Are applying under the Canadian Experience Class (CEC).

• Have authorization to work in Canada AND a valid job offer, even if you are an FSWP or FSTP candidate.

Even if you are exempt, IRCC advises that you keep your funds updated. The Express Entry system may find you eligible for more than one program, and having updated funds ensures you don’t miss any opportunities. If you are exempt, you must upload a letter explaining why (e.g., you received an invitation under the CEC or you have a valid job offer).

IRCC has a specific way of calculating your family size. You must include:

• Yourself (the main applicant)

• Your spouse or common-law partner

• Your dependent children

• Your spouse’s or partner’s dependent children

• A dependent child of a dependent child

You must include these family members in your calculation even if they are Canadian citizens or permanent residents, or if they are not immigrating to Canada with you.

To prove you have the required funds, you must get official letters from your bank or financial institution. These letters must be on the institution’s official letterhead and include:

• The institution’s contact information (address, phone, email).

• Your name.

• A list of any outstanding debts, such as loans or credit card debt.

• Detailed information for each current banking and investment account: account numbers, the date each account was opened, the current balance of each account, and the average balance for the past six months.

You must have ready access to this money both when you apply and when a permanent resident visa is issued.