Recently, the Canadian government has declared financial requirements for international students who are applying for a study visa as of September 1, 2025. This rule is only applicable to international students studying in all provinces and territories, excluding Quebec. The minimum threshold for single international students has increased up to CAN $22,895.
The Canadian government's new announcement is to ensure that international students are secure during their stay in Canada. This financial threshold covers the living expenses, tuition fees, and transportation. So the Canadian government will increase the amount to CAN $22,895, from $20,635. This can help the candidate who does not want to rely on working in Canada. If the family members like parents, spouses, or children, the amount will increase according to the number of people in the family.
The students who are willing to study in Quebec have to follow the rules set by the Ministry of Immigration. Here, immigration, Refugees and Citizenship Canada (IRCC) has updated its proof of financial requirements for the international students' study visa.
The students who want to study in Canada must follow the new rules.
Higher financial threshold for the application in 2025
The financial threshold requirement for a single applicant will increase to CAN$22,895 per year. This will increase from the first threshold of CAN$20,635. The amount gets increased depending on the number of accompanying family members.
The required funds for those who are applying for a study visa on or after September 1, 2025.
Family Members |
From Sep 1, 2025 (CAD) |
Approx. budget from sep (INR) |
|
1. |
22,895 |
13,96,595 |
|
2. |
28,502 |
17,38,622 |
|
3. |
35,040 |
21,37,440 |
|
4. |
42,543 |
25,95,123 |
|
5. |
48,252 |
29,43,372 |
|
6. |
54,420 |
33,19,620 |
|
7. |
60,589 |
36,95,929 |
|
More than 7 members |
6,170 |
3,76,370 |
If the student and two family members plan to stay in a Canadian province for one year, the total living expenses are CAN$31,583.
What documents are acceptable to Immigration, Refugees and Citizenship Canada (IRCC) that demonstrate international students have sufficient funds to cover their expenses in Canada?
The international students planned to study in Canada. They are supposed to show the following proof:
-
The candidate is supposed to submit proof of a Canadian bank account in their name. Once the money has been sent to Canada.
-
The Guaranteed Investment Certificate (GIC) is obtained from an authorised financial institution in Canada.
-
The student's educational loan bank statement has to be submitted.
-
The candidates are supposed to submit the bank statement for the past 4 months.
-
Make sure that the fund money is to be converted into Canadian dollars.
-
Submit a letter from the person or institution that helps financially.
-
Submit the evidence of funding paid within Canada. If the candidate has a Canadian-funded education program.
The students who immigrate to study in Canada are supposed to follow the instructions and submit the required documents without any errors and without missing any documents.
