Canada announces new proof of funds requirements for international students

Canada has announced a significant increase in the proof of funds required for study permits. This change will take effect January 1, 2024.

Living expenses: The minimum amount you need to show has doubled from CAD 10,000 to CAD 20,635 annually.

This applies to new applications only: If you submit your application before January 1, 2024, the old requirement still applies.

Additional dependents: If you bring family members, you’ll need to provide additional funds: CAD 4,000 for your spouse and CAD 3,000 for each other child.

You May Also Like