03/09/2026
CANADA STUDY PERMIT UPDATE: HIGHER PROOF OF FUNDS REQUIRED!
Planning to study in Canada? Your financial proof just became even more important.
Starting September 1, 2026, a single applicant must show CAD $23,448 per year for living expenses โ excluding tuition fees and transportation costs.
๐ฐ Proof of funds based on family size:
๐ค 1 member โ CAD $23,448
๐ฅ 2 members โ CAD $29,192
๐จโ๐ฉโ๐ง 3 members โ CAD $35,888
๐จโ๐ฉโ๐งโ๐ฆ 4 members โ CAD $43,572
๐ Students may use:
โ๏ธ Recent bank statements
โ๏ธ Education loan documents
โ๏ธ Scholarship letters
โ๏ธ Canadian bank account
โ๏ธ GIC
โ๏ธ Proof of prepaid tuition or housing
Remember: IRCC may also assess the source of your funds and how you plan to finance your studies beyond the first year.
๐ Planning your Canada study permit? Check your financial documents carefully before applying.
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