New Proof of Funds Requirements for Express Entry Immigration to Canada
โ Starting May 28, 2024, the Canadian government has introduced updated proof of funds requirements for Express Entry permanent residency applicants. These changes aim to ensure immigrants have the financial resources necessary for successful settlement in Canada. The minimum settlement fund amounts, now based on 50% of Canada's Low-Income Cut-Off (LICO), vary depending on family size. Applicants must update their settlement fund information by May 27, 2024. Exceptions apply to those with valid job offers or under the Canadian Experience Class (CEC). Funds must be readily available and not borrowed. Official bank letters are required for verification. Source: www.mwakilishi.com . ๐๐๐๐ฅ ๐๐ฌ๐ญ๐๐ญ๐ ๐๐๐ฐ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐๐๐ฐ ๐๐ซ๐ข๐ฆ๐ข๐ง๐๐ฅ ๐๐๐ฐ ๐๐ข๐ฆ๐ฆ๐ข ๐๐ก๐๐๐ค๐จ ๐๐ซ๐ข๐ง๐๐ข๐ฉ๐๐ฅ ๐๐๐ฐ๐ฒ๐๐ซ, ๐๐ก๐๐๐ค๐จ ๐๐๐ฐ ๐ฒ+๐ ๐๐๐-๐๐๐-๐๐๐๐ ๐ง๐ฌ๐ข๐ฆ๐ฆ๐ข@๐๐ก๐๐๐ค๐จ๐ฅ๐๐ฐ.๐๐ @chackolaw.ca . . #ExpressEntry #CanadaImmigration #ProofOfFunds #SettlementFunds #IRCC #PermanentResidency #NewRequirements #CEC #FSWP #mnm #malayalisnearmeapp #MalayalisNearMe #ImmigrationUpdate #ImmigrationNews #CanadaImmigration
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