Settlement Funds

Settlement funds are the recommended minimum amount of money for you to have available to support yourself and your family as you arrive and adjust to life in Manitoba. You cannot borrow this money. The money must be readily available to you.

The amount of settlement funds you are required to demonstrate depends on the program pathway you are applying to and the size of your family. These amounts are based on 50 per cent of the low income cut-off totals and are updated every year. The information below is effective January 1 to December 31, 2020.

Number of Family Members
Funds Required in Canadian Dollars
6-Month LICO Requirement
12-Month LICO Requirement
1
12,960
25,920
2
16,135
32,270
3
19,836
39,672
4
24,083
48,166
5
27,315
54,630
6
30,806
61,612
7
34,299
68,598
For each additional family member
3,492
6,984

Proof of funds

You must get official letters from any financial institutions where you are keeping money. You must include a letter from the financial institution and at least three months of financial statements (i.e., a list of your banking transactions).

Letter(s) must:

  • be printed on the financial institution's letterhead
  • include their contact information (address, telephone number and email address)
  • include your name
  • list outstanding debts such as credit card debts and loans
  • include, for each current bank and investment account, the
    • account numbers
    • date each account was opened
    • current balance of each account
    • average balance for the past 6 months