Increased fond requirements for study permits come into effect
New Fund Requirements for International Students in Canada
Starting from September 1, 2025, international students applying for a study permit in Canada will need to show an additional $2,260 CAD to meet the new proof of fund requirement. The total amount required for a single applicant is now capped at $22,895 CAD.
This change applies to all international students who submit their study permit applications on or after September 1, 2025. The proof of fund requirement is a crucial factor in the application process and varies depending on the number of family members accompanying the student to Canada.
It is important to note that the proof of fund requirement is separate from tuition fees and transportation costs. International students must demonstrate their financial capability to cover their expenses while studying in Canada.
New Fund Requirements for Study Permit
The table below outlines the new fund requirements set by the Immigration, Refugees, and Citizenship Canada (IRCC) for international students:
| Number of Family Members | New Fund Requirement (Effective September 1, 2025) | Change from Previous Requirements |
|---|---|---|
| 1 (Primary Applicant) | $22,895 | +$2,260 |
| 2 | $28,502 | +$2,812 |
| 3 | $35,040 | +$3,457 |
| 4 | $42,543 | +$4,197 |
| 5 | $48,252 | +$4,760 |
| 6 | $54,420 | +$5,369 |
| 7 | $60,589 | +$5,978 |
| Additional Family Member | $6,170 | +$611 |
International students must not only show these funds but also outline how they plan to cover their tuition fees at a Designated Learning Institution (DLI) in Canada.
Proof of Fund Requirements for Quebec Institutions
Students planning to study in Quebec need to obtain a Quebec Acceptance Certificate (CAQ) before applying for a Canadian study permit through IRCC. Quebec has its own immigration ministry, so students in the province must fulfill two sets of proof of fund requirements: one for the Quebec Ministère de l’Immigration, de la Francisation et de l’Intégration (MIFI) and another for IRCC.
These funds can be used to meet both sets of requirements, which include covering tuition fees, transportation costs, livelihood expenses, settlement funds, and health care costs.
How to Demonstrate Proof of Funds
IRCC mandates that international students provide supporting documents to demonstrate their financial capacity to meet the required fund amount. Acceptable proof of fund documents include:
- Proof of tuition and housing payments
- Canadian bank account statements
- Guaranteed Investment Certificate (GIC)
- Loan approval documents
- Bank statements from the past four months
- Letters of financial support
- Scholarship or program funding confirmation
It is essential for students to review the specific visa office instructions for their country and ensure compliance with all local requirements. Applicants from countries with currency controls must also provide evidence of authorization to transfer funds to Canada.
By meeting the new fund requirements and providing the necessary proof of funds, international students can enhance their chances of obtaining a study permit to pursue their education in Canada.
