Proof of financial support
You must prove that you have enough money, without working in Canada, to pay for:
- tuition fees for the course or program of studies;
- living expenses for yourself and the family members who come with you while you’re in Canada; and,
- transportation to and from Canada for yourself and your accompanying family members.
What we accept as proof
You must provide at least one of the following:
- proof you paid your tuition and housing fees
- for multiple-year programs, you must prove you paid your first year’s tuition
- proof that you’re able to pay for living expenses and transportation costs:
- proof of a Canadian bank account in your name, if you’ve transferred money to Canada
- a Guaranteed Investment Certificate (GIC) from a participating Canadian financial institution
- proof of a student or education loan from a bank
- your bank statements for the past 4 months
- a bank draft that can be converted to Canadian dollars
- a letter from the 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
If your country uses foreign exchange controls, you must prove that you’ll be allowed to export funds for all of your expenses.
How much money you need
This chart tells you how much money you need to support yourself and your family members in Canada if you apply before September 1, 2025.
These amounts are updated each year.
As of September 1, 2025, the required funds for financial support are increasing
If you apply for a study permit on or after September 1, 2025, you need to meet these new requirements for financial support.
All provinces/territories except Quebec
Number of family members (including the applicant) |
Amount of funds required per year (not including tuition) |
---|---|
1 | CAN$22,895 |
2 | CAN$28,502 |
3 | CAN$35,040 |
4 | CAN$42,543 |
5 | CAN$48,252 |
6 | CAN$54,420 |
7 | CAN$60,589 |
If more than 7 people, each additional family member | CAN$6,170 |
All provinces/territories except Quebec
Number of family members (including the applicant) | Amount of funds required per year (not including tuition) |
---|---|
1 | CAN$20,635 |
2 | CAN$25,690 |
3 | CAN$31,583 |
4 | CAN$38,346 |
5 | CAN$43,492 |
6 | CAN$49,051 |
7 | CAN$54,611 |
If more than 7 people, each additional family member | CAN$5,559 |
Example
If you and 2 family members want to come to a province or territory (other than Quebec) for a year, you’ll need $31,583 for living expenses.
If you applied before January 1, 2024
Persons coming to Canada | Amount of funds required per year (not including tuition) |
---|---|
You (the student) | CAN$10,000 |
First family member | CAN$4,000 |
Every additional accompanying family member | CAN$3,000 |
Example
If you and 2 family members want to come to a province (other than Quebec) for a year, you need
- living expenses: $10,000 (for the student)
- living expenses: $4,000 (for the first family member)
- living expenses: $3,000 (for the second family member)
Total: $17,000
Quebec
To study in Quebec, applicants must prove they meet the financial requirements from the ministère de l’Immigration, de la Francisation et de l’Intégration.
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