You must prove that you can support yourself and the family members who come with you while you are in Canada.
What we accept as proof
You can prove your funds with at least one of the following:
See Also
international student loans canada, scholarship in canada, canada scholarships for indian students, scholarship to study in canadaWork in Canada: Canadian Work Permit & Visa ProcessStudentAid BCCan Someone Sponsor Me To Study In Canada? Exploring Sponsorship Opportunities For International Students // Ambitio- proof of a Canadian bank account in your name, if you’ve transferred money to Canada
- a Guaranteed Investment Certificate (GIC) from a participating Canadian financial institution
- proof of a student or education loan from a bank
- your bank statements for the past 4months
- a bank draft that can be converted to Canadian dollars
- proof you paid tuition and housing fees
- a letter from the person or school giving you money, or
- proof of funding paid from within Canada, if you have a scholarship or are in a Canadian-funded educational program
If your country uses foreign exchange controls, you must prove that you’ll be allowed to export funds for all of your expenses.
How much money you need
All provinces/territories except Quebec
| 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 |
| If more than 7 people, each additional family member | CAN$5,559 |
Example
If you and 2 family members want to come to a province or territory (other than Quebec) for a year, you’ll need $31,583 for living expenses.
If you applied before January 1, 2024
| Persons coming to Canada | Amount of funds required per year (not including tuition) |
|---|---|
| You (the student) | CAN$10,000 |
| First family member | CAN$4,000 |
| Every additional accompanying family member | CAN$3,000 |
Example
If you and 2 family members want to come to a province (other than Quebec) for a year, you will need
- living expenses: $10,000 (for the student)
- living expenses: $4,000 (for the first family member)
- living expenses: $3,000 (for the second family member)
Total: $17,000
Quebec
To study in Quebec, applicants must prove they meet the financial requirements outlined by the ministère de l’Immigration, de la Francisation et de l’Intégration.
