Canada has important information for international students
Starting today, Canada has implemented new financial requirements for international student study permits, raising the amount that applicants must demonstrate to accommodate higher living expenses. For single applicants outside Quebec, the required proof has risen to CAD $23,448, an increase of $553. Families applying will also see more significant financial criteria. These adjustments affect…
Canada has raised financial requirements for international students applying for study permits, effective September 1, 2026. The Immigration, Refugees and Citizenship Canada (IRCC) states the new threshold is 75% of Statistics Canada's Low Income Cut-Off (LICO), in addition to tuition, travel, and other expenses. For a single applicant outside Quebec, the minimum proof of funds has increased from CAD $22,895 to CAD $23,448, a $553 rise.
The amount scales further depending on family size, with an additional CAD $6,318 for each extra family member beyond seven. Quebec has its own set of higher financial thresholds, ranging from CAD $24,617 for a single applicant to CAD $60,299 for six family members. Acceptable proof of funds includes paid fees with separate living and travel expenses documentation, current funds like loans or bank accounts, and expected or promised support such as scholarships or employment letters. Individual cases may require supplementary documentation.
Written by urgent.news from Times of India's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
