The Canadian government has increased the financial proof requirements for students applying for study permits as of September 1, 2026, except for students planning to study in Quebec.
A single student must now demonstrate access to C$23,448 to cover living expenses for one year, an increase of C$553 from the previous requirement. This amount does not include tuition fees or travel expenses.
Required amounts based on family size:
- One person: C$23,448
- Two people: C$29,192
- Three people: C$35,888
- Four people: C$43,572
- Five people: C$49,419
- Six people: C$55,736
- Seven people: C$62,054
- Each additional person: C$6,318
Accepted proof of financial support includes bank statements, proof of tuition or housing payments, education loans, scholarships, and guaranteed investment certificates, as well as financial support letters accompanied by documentation proving the source of the funds.
Students planning to study in Quebec are subject to different financial requirements. A single student must demonstrate access to C$24,617 to cover one year of living expenses, in addition to obtaining a Quebec Acceptance Certificate (CAQ).
