Financial Requirements
Proof of Financial Support for Your Study Permit Application
To be eligible for a Canadian study permit, you must demonstrate that you have sufficient funds to cover:
Tuition fees for your course or program
Living expenses for yourself and any accompanying family members
Transportation costs to and from Canada for you and your family
You can submit any of the following documents as proof:
| Types of Financial Documents You Can Provide |
|---|
| Proof of payment for tuition and housing (for multi-year programs, this should be for the first year) |
| Canadian bank account statements (if funds have been transferred to Canada) |
| Guaranteed Investment Certificate (GIC) from a Canadian financial institution |
| Student or education loan documentation from a bank |
| Bank statements (Canadian or foreign) covering the past four months |
| Bank draft convertible to Canadian dollars |
| Letter from a sponsor (person or institution), accompanied by proof of funds |
| Proof of financial support inside Canada (e.g., scholarship or Canadian-funded program) |
These examples represent common types of documentation; additional forms may be required based on your visa office’s specific instructions. Mpower Financing+6Canada.ca+6BorderPass+6
Updated Living Expense Requirements
As of September 1, 2025, the minimum annual amount required for living expenses (excluding tuition and transportation) is:
Outside Quebec (per year, in CAD)
| Family Members (Including Applicant) | Amount Required |
|---|---|
| 1 | $22,895 |
| 2 | $28,502 |
| 3 | $35,040 |
| 4 | $42,543 |
| 5 | $48,252 |
| 6 | $54,220 |
| 7 | $80,756 |
| 8+ (per additional family member) | $6,170 each |
These amounts are updated annually to reflect actual living costs and inflation.
Schedule a meeting
Let’s discuss the details
Schedule a meeting at one of the offices or online. A lawyer will analyze the situation, calculate the cost and help you find a solution based on your goals.
