Financial Proof Requirements for Canada Study permit Application
Introduction
If you’re applying for a Canadian study permit, it’s not just about getting accepted to a college or university — you also need to prove that you can financially support yourself (and your family, if they’re coming with you).
This step is very important because it helps the Canadian government make sure that international students can afford their time in Canada without needing to work right away or facing financial struggles.
Proof of Financial Support
To get a study permit for Canada, you must show that you can afford to live and study in Canada without needing a job.
This means you need to prove you have enough money for:
- Tuition fees for your course or program
- Living expenses for yourself and any family members coming with you
- Travel costs to go to and return from Canada
What Counts as Proof?
To support your application, you need to submit at least one of the following documents:
- Receipt or proof that you’ve paid tuition and housing fees
- If your course is more than one year, you must prove you’ve paid for the first year
- Evidence that you can cover living and travel expenses, such as:
- A Canadian bank account in your name
- A Guaranteed Investment Certificate (GIC) from a Canadian bank
- A student or education loan
- Bank statements from the past 4 months
- A bank draft that can be converted to Canadian dollars
- A letter from someone or a school giving you financial support
- Proof of scholarships or funding from a Canadian source
Important: If your country has rules about sending money abroad, you’ll also need to prove that you’re allowed to send enough money to Canada for your expenses.
How Much Money Do You Need?
The required amount depends on when you apply and how many people are coming. Let’s look at the amounts:
If You Apply Before September 1, 2025
| Number of family members (including the applicant) | Amount of funds required per year (not including tuition) |
| 1 | CAN$22,895 |
| 2 | CAN$28,502 |
| 3 | CAN$35,040 |
| 4 | CAN$42,543 |
| 5 | CAN$48,252 |
| 6 | CAN$54,420 |
| 7 | CAN$60,589 |
Note: If more than 7 people, for each additional family member $6,170 additional Funds are Required.
If You Apply On or After September 1, 2025
| Number of family members (including the applicant) | Amount of funds required per year (not including tuition) |
| 1 | CAN$20,635 |
| 2 | CAN$25,690 |
| 3 | CAN$31,583 |
| 4 | CAN$38,346 |
| 5 | CAN$43,492 |
| 6 | CAN$49,051 |
| 7 | CAN$54,611 |
Note: If more than 7 people, for each additional family member $5,559 additional Funds are Required.
For Quebec Applicants
If you’re planning to study in Quebec, the financial requirements are different.
You must meet the criteria set by Quebec’s own immigration department (called ministère de l’Immigration, de la Francisation et de l’Intégration).
Get in touch with SPS Global
Receive professional advice on any of your questions regarding Canadian immigration. get in touch with us, experienced immigration consultants from SPS Global. For additional information, contact support@spscanada.com (Canada) or support.amd@spscanada.com (Ahmedabad), or by phone at (1) 905-362-9393 (Canada) or +919586226232 (Ahmedabad).
