Canada Boosts Student Visa Fund Requirements: New Minimum of CA $22,895 for Single Applicants

Starting September 1, 2025, international students applying for Canadian study permits must show higher funds to qualify. Immigration, Refugees and Citizenship Canada (IRCC) has increased the minimum proof of funds by CA $2,260 for a single applicant, bringing the total required to CA $22,895. The required amount rises with the number of family members accompanying the student. For instance, a family of four will now need to show CA $42,543. IRCC accepts several forms of proof of funds, including tuition and housing payment receipts, Canadian bank accounts, and bank statements. The updated requirements are introduced to ensure international students can financially support themselves and their families during their studies.

Starting September 1, 2025, international students applying for Canadian study permits will need to demonstrate higher levels of financial support. Immigration, Refugees and Citizenship Canada (IRCC) has increased the minimum proof of funds requirement by CA $2,260 for a single applicant, bringing the total to CA $22,895 [1]. This adjustment is in line with the rising cost of living and education in Canada.

The new requirements are designed to ensure that international students can financially support themselves and their families throughout their studies. The amount required increases with the number of family members accompanying the student. For example, a family of four will now need to show CA $42,543 [1].

To meet these new financial support requirements, IRCC accepts various forms of documentation, including tuition and housing payment receipts, Canadian bank accounts, and bank statements. Other acceptable proofs include guaranteed investment certificates from participating Canadian financial institutions, student loans from banks, and letters from individuals or institutions providing financial support [1].

It is crucial for applicants to provide comprehensive documentation to demonstrate that they have sufficient funds to cover tuition, living expenses, and transportation costs. For multiple-year programs, applicants must prove they have paid the first year's tuition fees [1].

The updated requirements underscore IRCC's commitment to ensuring that international students are well-prepared to handle the financial aspects of their studies in Canada. These changes aim to promote a sustainable and successful academic experience for all international students.

References:
[1] https://www.canada.ca/en/immigration-refugees-citizenship/services/study-canada/study-permit/get-documents/financial-support.html