Proof of Funds Requirement Increases for Canada Study Permit Applicants

If you are planning to apply for a study permit to study in Canada, take note: as of September 1, 2025, Immigration, Refugees and Citizenship Canada (IRCC) is raising the minimum financial requirements for proving your ability to support yourself (and your accompanying dependents, if applicable). This adjustment ensures that international students are adequately prepared to cover their living expenses during their stay in Canada

Studying in all Provinces Except Québec:

For study permit applications submitted on or after September 1, 2025, the new financial thresholds will apply:

Studying in Québec:

If you are applying for a study permit to study in Québec, you must provide proof of sufficient financial resources, as specified by the ministère de l’Immigration, de la Francisation et de l’Intégration (MIFI).

In addition to tuition fees, international students who would like to study in Quebec need to demonstrate their ability to cover: 

• Living Expenses
• Settlement Fees for the First Year
• Health and Hospital Insurance Costs (if applicable)

Applicants must demonstrate that they have in the period between January 1, 2025, to December 31, 2025, the following amounts. Amount of funds vary depending on the applicant’s age and the number of accompanying dependents included in their study permit application:

What Counts as Proof of Funds?

IRCC accepts several types of documentation to demonstrate proof of funds for study permit applications. These include:

1. Proof of paid tuition and housing fees
2. Bank statements for the past 4 months
3. A Guaranteed Investment Certificate (GIC) from a Canadian financial institution
4. Proof of a student or education loan from a bank
5. A bank draft that can be converted to Canadian dollars
6. Proof of a Canadian bank account in your name
7. Proof of funding paid from within Canada (if you have a scholarship or are in a Canadian-funded educational program)
8. A letter from the person or school giving you money (if the costs related to your study are covered by another person)

At Rothe International Canada, we specialize in simplifying the study permit process, so you can concentrate on your academic aspirations. Whether it’s guiding you through the application process, or keeping you updated on regulatory changes, our team is dedicated to helping you achieve your study abroad goals with confidence. Contact us today for personalized assistance and let us help make your Canadian education journey smooth and successful!

For further enquiries, please contact us at 28683780 or email [email protected].

Disclaimer

The information provided above is for general private reference purposes only and is not intended to be a comprehensive explanation of Canadian immigration laws or a substitute for professional legal advice. Rothe International Canada is not responsible for any losses caused by the use of the above information.

If you have any specific questions, you are welcome to contact Rothe International Canada directly at (852) 2868-3780 or fill in our online enquiry form.