Canadian Government has increased funds requirements for study permits from 1st September 2025. Individuals who are going to apply for a Canadian study permit must
Canada’s Increased Fund Requirements for Study Permits Take Effect
Canadian Government has increased funds requirements for study permits from 1st September 2025. Individuals who are going to apply for a Canadian study permit must show that they have $22,895 CAD available to support themselves. This is an increase of $2,260 CAD compared to the previous requirement.
The new rule applies to all study permit applications submitted on or after 1st September 2025. This amount, called the proof of funds, will be higher if the student is bringing family members with them. In such cases, applicants must show additional money to cover the living expenses of each dependent. The required proof of funds does not include tuition fees or travel expenses.
Why Canada has Increased the Fund Requirements?
Canada increased the amount of funds to match the real cost of living in Canada, so students do not face money problems while studying and do not become a burden on the Canadian government.
Updated Fund Requirements for Getting a Study Permit
The table below lists the updated fund requirements:
| Family size | Updated financial requirement (effective September 1, 2025) | Difference in amount |
| 1 (The principal 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 |
| Each additional member | $6,170 | +$611 |
Funds You Need as an International Student in Quebec
If you plan to study in Quebec, you must first obtain a Quebec Acceptance Certificate (CAQ) before applying for a Canadian study permit with IRCC. Because Quebec has its own immigration rules, you need to show proof of funds to both MIFI and IRCC (you can use the same funds for both).
To get a CAQ, you must prove you have enough money to cover:
- Tuition fees for your program at a Designated Learning Institution (DLI)
- Mandatory school costs required by your DLI
- Travel expenses, including round-trip airfare from your home country to Canada
- Living expenses for the duration of your stay
- Settlement funds, which are set at $500 CAD for 2025
- Health and medical insurance, unless you already have valid coverage in Quebec or your country has a social security agreement with Quebec
The required living expenses are listed below:
| Family Group | Minimum Funds Required (CAD) |
| Single applicant under 18 | $7,756 |
| Single applicant 18 or older | $15,508 |
| Two adults | $22,745 |
| Two adults with one child (under 18) | $25,479 |
| Two adults with two children (under 18) | $27,499 |
How Can Students Prove They Have Enough Funds?
To get a Canadian study permit, international students must show Immigration, Refugees and Citizenship Canada (IRCC) that they can afford tuition, living costs, and travel. This is done by submitting financial documents.
Documents You Can Use to Prove Funds
Students may provide one or more of the following:
Proof of Tuition and Housing Payments: Receipts showing tuition paid to the school and accommodation costs covered. For multi-year programs, proof is required for at least the first year’s tuition, along with evidence of extra funds for living and travel.
Canadian Bank Account: You must submit official documentation from a Canadian bank confirming that the student is the account holder and that the necessary funds have been successfully transferred into this account.
Guaranteed Investment Certificate (GIC): Official confirmation of a GIC in the student’s name.
Student or Education Loan: Documents from a recognized bank showing an approved loan.
Bank statements: Records for the last four months from a Canadian or foreign account.
Bank Draft: All funds must be held in Canadian dollars (CAD) or in a currency that is readily convertible to CAD.
Letter of Financial Support: A written commitment from a person or institution funding the student, supported by proof of available funds.
Scholarship or Financial Aid: Proof of scholarships or support from a Canadian program.
Important Notes:
- IRCC may ask for other documents depending on the student’s country or personal situation.
- Students should check their local visa office’s instructions, as extra requirements may apply.
- Applicants from countries with currency controls must show they are allowed to transfer money to Canada to cover all expenses.
What Happens If Funds are Not Enough
If you cannot meet the funding requirements, your study permit application may be refused or delayed until you provide stronger proof.
Conclusion
Canada has increased funds requirements for study permits from 1st September 2025, students must show higher funds to get a Canadian study permit. Quebec students also have extra requirements. Giving the right financial proof is key to avoiding delays. If you want to get help from a regulated immigration consultant to handle your process, contact CWC. We understand the rules, prepare documents, and submit a strong application so you can focus on your studies completely.