Financial Requirements for International Students to Get a Canada Study Visa
Planning to study in Canada? One of the key parts of your visa application is proving that you can financially support yourself throughout your stay. Canada wants to ensure international students are well-prepared and won’t face financial hardship while studying.
Here’s what you need to know about the financial requirements for a Canadian study visa:
💰 Minimum Proof of Funds Required
As of 2025, you must show that you can pay for:
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Tuition fees
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Living expenses for yourself and any accompanying family members
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Return transportation for yourself and any dependents
Living Expenses (Outside Quebec)
Minimum yearly funds required:
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Student: CAD 20,635
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First family member (18+): CAD 5,000
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Each additional family member: CAD 3,000
Living Expenses (In Quebec)
Minimum yearly funds required:
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Student: CAD 15,078
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Spouse: CAD 8,148
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Each dependent child: CAD 4,444
Note: These amounts are subject to change, so always check official IRCC sources before applying.
🧾 Acceptable Financial Proof Documents
You can show your financial capacity through:
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Recent bank statements (preferably 4–6 months)
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Proof of tuition payment
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GIC (Guaranteed Investment Certificate) from a Canadian bank (for SDS applicants)
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Scholarship or funding letters
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Sponsor letters from parents/guardians with supporting documents
📌 Important Tips
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Always show funds in your or your sponsor’s name
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If someone is sponsoring you, include a notarized affidavit of support
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Include a bank reference letter if possible
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Use organized documentation—consistency and clarity help
🎯 Why It Matters
Many student visa rejections happen due to unclear or insufficient financial proof. Showing strong, verifiable funds boosts your credibility and improves your approval chances.
✈️ Final Thoughts
Canada wants to welcome you—but you must prove you’re financially ready. Plan ahead, save, and gather the right documents early. Whether you’re applying through the SDS (Student Direct Stream) or regular process, financial proof is a must-have.
