Jalandhar, January 20: The Government of Canada has slightly enhanced its reserve settlement funds for the permanent residence category. All PR aspirants will now have to show more reserve funds to the Canadian govt at the time of filing their applications as well as upon landing in Canada.
The Canadian authorities have also urged the Express Entry candidates to ensure that their profiles are updated and must reflect their financial position change vis-à-vis fund requirement. The change involves an increase in the requisite minimum settlement funds (known as show money) by over 1.5 per cent for each family.
The Canadian immigration norms stipulate that all federal skilled workers and federal skilled trades class aspirants or candidates must show a proof of settlement funds. The changed norms will have a huge impact on Punjabis as they migrate in thousands to Canada every year. If a family of five is migrating to and landing in Canada, it will have to show an additional $410 dollars (approximately Rs 22,025.2 as per today’s exchange rates) according to the new rules.
