08/31/2026
One rule that is widely misunderstood by study permit applicants.
If you are applying for a study permit on or after September 1, the amount of required funds calculation must be based on updated requirement. Specifically, the minimum required amount has just been increased to $23,448.
It is also very important to understand that the amount is for one applicant, and it excludes tuition and transportation expenses.
The amount that applies to you is the one in force on the day you apply, not the day your program starts.
Another important update is for parents and grandparents, and hosts applying for super visas for Canada.
On Aug 25 IRCC published updated instructions for calculating the super visa income requirement, and there are now two ways for the host(s) in Canada to meet it. One, they can use their higher income year out of the last two, instead of only the most recent one. Two, they can now meet part of the requirement themselves and have the visiting parent’s or grandparent’s own income supplement the rest (up to 25% of total).
Families who already qualified and applied under the old rules, still qualify.
Also this week: no new Express Entry draws since Aug 19, and IRCC’s consultation on 2027 Express Entry categories closes Sep 1.
These figures come from IRCC’s published examples and change with the cost of living.
Which numbers apply to your family depends on your family size and your situation.
Not sure which one is yours? Book a consultation.