07/09/2026
Study in Canada ๐จ๐ฆ ๐จ๐ฆ ๐
International students applying to study in Canada must now show they have more money available to support themselves.
As of September 1, 2026, a single study permit applicant outside Quebec must demonstrate access to at least $23,448 to cover living expenses during the first year of study.
The figure represents an increase of $553 from the previous requirement of $22,895.
For programs lasting more than one year, applicants must also explain how they plan to finance the full duration of their studies.
๐ฏ๐๐ ๐ช๐๐ ๐ฐ๐๐๐๐๐๐๐๐๐๐๐๐ ๐บ๐๐๐
๐๐๐๐ ๐ท๐๐๐๐ ๐ป๐๐๐ ๐ฏ๐๐๐ ๐ฌ๐๐๐๐๐ ๐ด๐๐๐๐?
IRCC provides several examples of documents that applicants can use as Canada study permit proof of funds.
They include:
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Proof of a Canadian bank account in the applicantโs name if money has been transferred to Canada
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A Guaranteed Investment Certificate from a Canadian financial institution
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Proof of a student or education loan from a bank
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Proof of payment of first-year tuition and housing fees
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Recent employment pay stubs
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Financial documents relating to a pension plan
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Evidence of income from rental properties
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Financial documents from a person or institution providing financial support
Applicants do not necessarily need to provide every type of document on IRCCโs list.
๐ฐ๐น๐ช๐ช ๐ต๐๐ ๐ณ๐๐๐๐ ๐บ๐๐ ๐ด๐๐๐๐๐ ๐ถ๐ ๐ฉ๐๐๐ ๐บ๐๐๐๐๐๐๐๐๐:
Applicants using bank accounts to demonstrate their financial capacity can provide statements covering the previous six months, including the month in which they apply or the month immediately before.
Importantly, IRCC also says the application should include documentation showing the source of income appearing in those statements.
Sources could include employment income or transfers from savings.
Contact us for details:
www.awardinternational.edu.np
