Proof of funds requirement to study in Canada

Home ยป Proof of funds requirement to study in Canada

For many individuals, the cost is the biggest factor to consider whether becoming an international student in Canada is a suitable option. Please refer to the tables below to find out the minimum amount you must have to show as proof of funds in order to apply for a student permit. The amounts are on top of the tuition fees. The amount of the tuition will depend on the school and the program that you choose.

If you will be studying outside of Quebec

Individuals coming to CanadaFunds required per yearFunds required per month
You (the student)$10,000$833
First family member$4,000$333
Each additional accompanying family member$3,000$255

If you will be studying in Quebec

Individuals coming to CanadaFunds required per yearFunds required per month
You (the student)$11,000$917
First family member (18 and over)$5,100$425
First family member (below 18)$3,800$317
Each additional accompanying family member (18 or over)$5,125$427
Each additional accompanying family member (below 18)$1,903$159
Disclaimer: While every effort is made to ensure the accuracy of information on this website at the time of publication, additions, updates, alterations and changes in circumstances may occur between the time of publication and the time the user views the information. The content of this website is to be used with the assistance of an authorized representative, otherwise Somerset Immigration Services advises website users to verify the accuracy and completeness of the information before committing to any course of action.