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How Much Money Do I Need To Study In Canada As An International Student?
Canada is a popular destination for international students. In order to secure a Canada Study Permit, proof of unencumbered available funds is required to cover tuition and living expenses.
You can prove funding with:
Proof of the bank account showing the money available for your study.
Guaranteed Investment Certificate (GIC) from a designated bank.
A letter from a person or school giving you money.
Your bank statements for the past 12 months.
Proof of funding paid from within Canada, if you have a scholarship or are in a Canadian-funded educational program.
Proof that you have paid for tuition. Note: Tuition can vary significantly between institutions and study programs
In addition to tuition, you must have adequate living expenses, calculated as follows:
Funds Required Outside of Quebec
Persons coming to Canada
Funds required per year (in addition to tuition)
Funds required per month (in addition to tuition)
Yourself
$10,000
$833
With a family member
$4,000
$333
Any additional family member
$3,000
$255
Funds Required Within Quebec
Persons coming to Canada
Funds required per year (in addition to tuition)
Funds required per month (in addition to tuition)
Yourself
$11,000
$917
First family member (18 years or older)
$5,100
$425
First family member (under the age of 18)
$3,800
$317
Every additional accompanying family member (18 years or older)
$5,125
$427
Every additional accompanying family member (under the age of 18)
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Fund Requirements for International Students
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Register a company in BC, Canada, Open a business bank account or individual bank account in Canada, apply for a permanent resident card and naturalization.
Study In Canada FAQ » Fund Requirements for International Students
How Much Money Do I Need To Study In Canada As An International Student?
Canada is a popular destination for international students. In order to secure a Canada Study Permit, proof of unencumbered available funds is required to cover tuition and living expenses.
You can prove funding with:
In addition to tuition, you must have adequate living expenses, calculated as follows:
Funds Required Outside of Quebec
Funds Required Within Quebec
How to Calculate Final Amount
Example: Tuition + $10,000 (student) + $4,000 (spouse)
Total proof of funds needed: Tuition + $14,000
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