📢 Big Update: Canada Increases Student Fund Requirement
If you’re dreaming of studying in Canada, here’s something you can’t overlook. Starting
September 1, 2025, all new study permit applicants must show they have
CAD $22,895 in available funds—just for living expenses.
This is a noticeable jump from the previous
CAD $20,635 and will directly impact your visa application. It’s a move that highlights Canada’s intent to ensure students have the resources to live comfortably and complete their education without financial strain.
Whether you’re applying from India, the Philippines, or anywhere else,
planning your budget smartly is now more important than ever.
💸 What Has Changed?
The updated
minimum cost-of-living requirement applies to all provinces and territories
except Quebec. If you’re submitting a
study permit application
on or after September 1, 2025, you’ll need to prove that you meet this new benchmark. Those who apply earlier can still go with the existing threshold.
Here’s a quick snapshot of what IRCC now expects:
| Family Size |
Required Funds (CAD) |
| 1 person |
22,895 |
| 2 people |
28,502 |
| 3 people |
35,040 |
| 4 people |
42,543 |
| 5 people |
48,252 |
| 6 people |
54,420 |
| 7 people |
60,589 |
| Additional Member |
+6,170 |
This amount does
not include tuition or travel expenses. It’s purely the proof of your living costs in Canada.
🎯 Why the Increase?
According to the
Government of Canada, this update reflects the
Low-Income Cut-Off (LICO) threshold, which is recalculated annually to account for inflation and rising living expenses.
Canada wants to make sure that international students—like you—don’t arrive with unrealistic financial expectations. It’s all about helping you succeed, not just academically but personally too.
👨👩👧👦 Who Does This Affect?
This change affects:
- New applicants for the September 2025 intake and beyond
- Students planning to study outside of Quebec
- Students coming alone or with family members
If you’re applying from Ontario, whether you’re working with an
Immigration Consultant in Mississauga or an
Immigration Consultant in Kitchener, the funding requirement stays the same.
If your plans are still flexible, filing your application
before September 1 may allow you to qualify under the
older, lower amount.
📂 What Counts as Valid Proof of Funds?
IRCC accepts several types of financial evidence. Make sure your paperwork is clear and well-organized. Here are acceptable options:
- A Canadian bank account in your name
- A Guaranteed Investment Certificate (GIC)
- Proof of a student or education loan
- Official bank statements for the past four months
- A bank draft convertible to Canadian dollars
- A letter of sponsorship (from parents or organizations) with supporting documentation
- Scholarship confirmation, especially if it’s funded by a Canadian institution
For full details, always refer to the
official guidelines.
📉 Real-World Example
Let’s break it down with an example:
You’re a single
applicant planning to study in Toronto. Earlier, you would have needed CAD $20,635 as proof of living funds. Under the new rule, you now need CAD $22,895. That’s a
CAD 2,260 jump—and you still have to show tuition and travel money on top.
If you’re planning with your spouse and one child, your living cost proof goes from
CAD 31,583 to CAD 35,040. That’s a difference of
CAD 3,457.
This is where expert advice comes in. Working with a reliable
Immigration Consultant in Toronto or
Immigration Consultant in Brampton can help you avoid last-minute stress.
✅ Sayal Immigration’s Top Tips
Whether you’re already collecting documents or just starting out, here’s how to get ahead:
1. Start Early
Get your financial paperwork ready well in advance. Last-minute scrambling can lead to missed deadlines or rejected applications.
2. Budget Realistically
Add up your tuition, new living expenses, travel, and a buffer for emergencies. Be honest with what you can afford.
3. Use Reliable Proof
GICs and Canadian bank deposits are among the strongest ways to prove financial capacity. Sponsor letters must be backed by genuine bank documents.
4. Get Local Help
If you’re near London or Scarborough, consulting the
Best immigration consultant in London Ontario or an
Immigration Consultant in Scarborough can give you tailored advice based on your location.
🔐 Why This Move Matters
This isn’t just about money—it’s about setting you up for success. Students who arrive well-prepared are more likely to complete their studies, find opportunities, and build a life in Canada.
And Canada values that. This update ensures the system supports genuine, committed students who can thrive in the country.
✋ Final Thought: Don’t Let This Catch You Off Guard
The new rule might feel like a hurdle—but with a bit of planning, it’s totally manageable.
Whether you’re a first-time applicant or helping a family member
study abroad, Sayal Immigration is here to support you. Our experienced consultants serve clients across the country.
💼 Need personalized help planning your 2025 application? Reach out to
Sayal Immigration for expert guidance and full document support.
