Are you planning to move to Canada through the Atlantic Immigration Program (AIP), then here’s an important update from Canada for you! IRCC (Immigration, Refugees and Citizenship Canada) has increased the settlement funds that are required under the AIP. This means that candidates will now be required to show at least $140 more compared to last year. For instance, now a single applicant will be required to show $3,815, up from $3,672 in 2024.
Updated Funds Needed (2025):
- 1 person: $3,815
- 2 people: $4,750
- 3 people: $5,840
- 4 people: $7,090
- 5 people: $8,042
- 6 people: $9,070
- 7 people: $10,098
- Each additional member: +$1,028
Who needs to show funds now & how to count family size.
You are required to show proof of settlement funds unless you are already working in Canada under a valid work permit. While counting family size, you can count yourself, your spouse or partner, and all dependent children. Which means, this will include your spouse’s children, even if they are not going to join you in Canada or already have Canada PR Visa or citizenship
What can be used as proof of funds?
To show proof of funds you’ll be required to have an official letter from your bank or financial institution. This letter must include:
Your name
Bank’s contact details
List of debts
Account numbers and balances
Average balance for the last 6 months
Please note that you cannot use borrowed money or property value to show as a proof. Also, if your spouse is coming along, joint accounts or accounts in their name can be used if you can access the money.
What is the AIP?
Atlantic Immigration Program (AIP) is a job-offer based pathway to permanent residency. Thousands of people apply for this program with an aim to settle in one of the four Atlantic provinces – New Brunswick, Newfoundland and Labrador, Nova Scotia, and Prince Edward Island.
For this the candidate must have a job offer from a designated employer and endorsement by the province. The applicants should be skilled workers working in Canada or outside Canada. They can also be recent graduates from an Atlantic Canadian institution. Additionally, the candidate must have a minimum education, English or French language skills, and proof of settlement funds.
Glocal opportunities can help!
Contact us to get your process started. As immigration rules keep changing, stay updated with Glocal Opportunities to know more!
Contact us today:
9958524200 | www.glocalopportunities.com
Glocal Opportunities – Any visa, any category, any country.