Fund Requirements for International Students

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

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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