Proof of funds calculator
How much money you must show for Express Entry or a study permit, by family size, inside or outside Quebec.
Your details
Count yourself, your spouse or partner and all dependent children, even if they are not coming with you or are Canadian citizens or permanent residents.
Money you can show, in Canadian dollars.
Your result
You need at least $15,263
Minimum settlement funds by family size
- 1 person$15,263You
- 2 people$19,001
- 3 people$23,360
- 4 people$28,362
- 5 people$32,168
- 6 people$36,280
- 7 people$40,392
For each person over 7, add $4,112. IRCC table updated Jul 7, 2025. IRCC updates it every year (50% of the low income cut-off).
Who counts in your family
- You
- Your spouse or common-law partner
- Your dependent children and your spouse’s or partner’s dependent children
- Count them even if they are Canadian citizens or permanent residents, or are not coming to Canada with you.
Who doesn’t need proof of funds
- Applicants under the Canadian Experience Class
- Applicants who are authorized to work in Canada and have a valid job offer (both are needed), even under the Federal Skilled Worker or Federal Skilled Trades program
Keep your funds up to date in your profile anyway: you may be eligible for more than one program and you don’t know in advance which one you will be invited under.
What counts as funds
- Money you can legally access in Canada when you arrive, both when you apply and when the visa is issued.
- Not equity in real estate, and not money borrowed from another person.
- A joint account with a spouse who is coming with you counts. An account in your spouse’s name only may count if you prove you have access.
- Proof is an official letter from each bank on its letterhead: your name, outstanding debts, and for each account the number, date opened, current balance and average balance over the past 6 months.
Next step
If you have more than the minimum, list the full amount in your Express Entry profile. Read the Express Entry guide for the other requirements.
Official sources
Rules last checked Nov 3, 2026
- IRCC: Express Entry, proof of funds (table updated July 7, 2025; page modified October 16, 2026)
- IRCC: Study permit, proof of financial support (applications on or after September 1, 2026)
- Québec: Costs related to studying in Québec (applications as of January 1, 2026)
These tools give general information based on official rules. They are not legal advice and cannot guarantee any outcome. For advice on your case, book a consultation with a licensed consultant.
Want a full plan for your case?
A licensed RCIC-IRB consultant can review your whole profile and options.
Read the program guide