APPENDIX 9: Minimum Funds for Student
GSB
SUMMARY
When applying for your study permit, you must prove that you can support yourself, and the family members who come with you, while you are in Canada. You must provide proof that you can cover both your tuition and your living expenses (accommodations, food, etc.).
You may prove this by showing the following:
- Canadian bank account statements in your name (if you transferred money to Canada)
- Education or student loan
- Bank account statements for the past 4 months
- a bank draft that can be converted to Canadian dollars
- GIC (Guaranteed Investment Certificate) issued by a participating Canadian financial institution.
- 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
You can find the minimum required funds needed to support yourself as a student (and family members who come with you) below.
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Minimum funds (outside Quebec)
|
Persons coming to Canada (including the study permit applicant) |
Amount of funds per year (doesn’t include tuition) |
| 1 | $20,635 |
| 2 | $25,690 |
| 3 | $31,583 |
| 4 | $38,346 |
| 5 | $43,492 |
| 6 | $49,051 |
| 7 | $54,611 |
| If more than 7 people, add for each family member | $5,559 |
For French-speaking students applying under the Francophone Minority Communities Student Pilot (FMCSP) (➨Page), the amount of money you need for living expenses depends on the size of the community where your school's main campus is located, and you must also demonstrate sufficient funds to cover your tuition fees (➨immilib.com/Funds-FMCSP).
Minimum funds (In Quebec)
|
Persons coming to Canada (including the study permit applicant) |
Amount of funds per year (doesn’t include tuition and travel costs) |
| 1 person under 18 | $7,541 |
| 1 person 18 or over | $15,078 |
| 2 people 18 or over | $22,115 |
| 2 people 18 or over and 1 person under 18 | $24,773 |
| 2 people 18 or over and 2 people under 18 | $26,737 |
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