Canada will increase the amount of money international students must show to obtain a study permit starting September 1, 2025, while current applicants must still meet existing thresholds. This adjustment reflects the rising cost of living across the country. Students applying on or after this date must demonstrate higher financial capacity to support themselves and any accompanying family members while studying in Canada.
On This Page You Will Find
- Current versus updated financial requirements
- New proof of funds thresholds from September 2025
- Accepted documents for proof of financial support
- Obligations for accompanying family members
- Tips for submitting a complete study permit application
The updated financial requirements apply to all provinces and territories except Quebec, which sets its own thresholds. This change follows the government’s annual review to ensure international students are adequately prepared to live in Canada without relying on work income.
Financial Requirements for Study Permits
Applications before September 1, 2025 (current)
- 1 person: CAN $20,635
- 2 people: CAN $25,690
- 3 people: CAN $31,583
- 4 people: CAN $38,346
- 5 people: CAN $43,492
- 6 people: CAN $49,051
- 7 people: CAN $54,611
- Additional family member: CAN $5,559
Applications on or after September 1, 2025
- 1 person: CAN $22,895
- 2 people: CAN $28,502
- 3 people: CAN $35,040
- 4 people: CAN $42,543
- 5 people: CAN $48,252
- 6 people: CAN $54,420
- 7 people: CAN $60,589
- Additional family member: CAN $6,170
These amounts do not include tuition fees, which must still be paid separately. Applicants must provide proof of payment for at least the first year’s tuition and housing fees.
Acceptable Proof of Financial Support
Applicants must submit documentation that may include:
- Receipts for tuition and housing payments
- Proof of a Canadian bank account or a Guaranteed Investment Certificate (GIC)
- Documents for student or education loans
- Bank statements covering the last four months
- Bank drafts in Canadian dollars
- Sponsorship letters or scholarship confirmation
If applicants come from countries with foreign exchange controls, they must prove they can legally transfer the required funds.
FAQ
What is the current minimum fund requirement for one international student?
If you apply before September 1, 2025, you must show at least CAN $20,635 for living expenses (excluding tuition) for one person.
How much will the fund requirement increase after September 1, 2025?
Starting September 1 the amount will rise to CAN $22,895 for one person, an increase of CAN $2,260.
Do I still need to show tuition payment proof?
Yes. You must provide separate proof of payment for your first year’s tuition and housing fees, in addition to funds for living expenses.
What proof of financial support does Canada accept?
Canada accepts tuition/housing receipts, Canadian bank statements, GICs, education loans, bank drafts, sponsorship letters, and scholarship proof.
How will the change affect families accompanying the student?
Financial thresholds for family members also increase. For example, three people require CAN $31,583 before Sept 1 and CAN $35,040 after that date.
