International students wishing to study in Canada must prove set levels of unencumbered available funds to cover tuition and living expenses to secure a Canada Study Permit.
You can prove funding with:
- Proof of your Canadian bank account showing money you have transferred.
- Guaranteed Investment Certificate (GIC) from a Canadian bank.
- Proof of a student or education loan from a bank.
- Your bank statements for the past four months.
- A bank draft that can be converted to Canadian dollars.
- Proof you paid for tuition and housing.
- A letter from a person or school giving you money.
- Proof of funding paid from within Canada, if you have a scholarship or are in a Canadian-funded educational program.
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) | $1,903 | $159 |
How to Calculate Final Amount
Example: Tuition + $10,000 (student) + $4,000 (spouse)
Total proof of funds needed: Tuition + $14,000