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The proof of finances (POF) criterion for candidates seeking to use Express Entry will be updated as of May 27 by Immigration, Refugees and Citizenship Canada (IRCC).

Every year, the IRCC updates this criteria to take into account the low-income threshold amount that Statistics Canada (StatsCan) provided for that particular year. Recall that the minimum financial requirement set by the IRCC for applicants wishing to enter Canada through the Express Entry program is represented by the POF requirement.

Note: Candidates that have more money than the required minimum should indicate that total on their application or in their Express Entry profile.

To help Express Entry  candidates better under this requirement, CIC News has compiled a list of frequently asked questions.

What is the proof of funds requirement for Express Entry in 2024?

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