09/02/2026
STUDY PERMIT IN CANADA
If you are interested to apply for your study permit, you need to know that the rrate increased to CAN$23,448 on 1 September, 2026.
From 1st September, the amount required of cost of living funds a sole applicant international student must demonstrate rose to CAN$23,448, in addition to tuition funds and travel to Canada. This represents a 2.6 per cent increase from the previous rate of CAN$22,895.
In late 2023, IRCC doubled the proof of financial means to CAN$20,635 before increasing by a further 11 per cent from September last year.
The IRCC update on the cost-of-living requirements also show how much international students with dependents will need to prove. For example, an international student bringing two family members would need to demonstrate CAN$35,888, on top of tuition and travel costs.
The federal government now updates proof-of-funds requirements annually to reflect changes in the cost of living, with the amounts set at 75 per cent of Statistics Canada’s Low-Income Cut-Off (LICO) for the applicable family size.
The ruling does not apply to applicants to Quebec, which has its own settings for demonstrating financial capacity.