Study Permit: Updated Financial Resources Requirements

▎ To obtain a study permit, IRCC requires proof of sufficient funds — without needing to work in Canada — to cover tuition, living expenses (for you and any accompanying family members), and round-trip transportation.

▎ Accepted documents:

▎ - Tuition: payment receipts, student loans, scholarships or government-funded programs

▎ - Employment & support: recent pay stubs, sponsor letter detailing employment and financial commitment

▎ - Bank accounts & income: Canadian bank account, GIC from a Canadian institution, 6-month bank statements showing proof of income source, retirement funds, rental income

▎ You must show funds for your first year of study; for programs longer than one year, you must also explain how you'll finance the remaining years.

▎ Living expense amounts (effective September 1, 2026, outside Quebec):

▎ - 1 person: $23,448 CAD/year

▎ - 3 people: $35,888 CAD/year

▎ - Each additional person beyond 7: $6,318 CAD

▎ Applicants destined for Quebec must meet the requirements of the relevant provincial ministry.