Tutorial: How to apply for an initial study permit

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Tutorial: How to apply for an initial study permit

2024-07-15 09:32| 来源: 网络整理| 查看: 265

Increase to proof of funds requirement

As of January 1, 2024, the minimum cost-of-living financial requirement will increase from $10,000 to $20,635 for 2024, in addition to tuition fees for the first year and travel costs. The cost-of-living amount will be adjusted each year based on Statistics Canada’s low-income cut-off.

It is very important to show strong proof of financial support from yourself and/or your sponsors, such as family members or organizations supporting you. 

Most Canadian immigration officers interpret "evidence of sufficient funds" to mean 4 months of bank statements, savings account passbook, bank drafts, or other proof that indicates you have sufficient funds to cover the cost of 1 year in Canada including:

Your first year of tuition fees as indicated on your letter of acceptance Travel expenses to get to and from Canada, and Minimum cost-of-living For applications submitted on or before December 31, 2023: a minimum of CAD$10,000 for your first year of living expenses (plus CAD$4000 for an accompanying family member and CAD$3000 per additional member). For applications submitted January 1, 2024 or later: a minimum of $20,635 for 2024, in addition to tuition fees for the first year and travel costs. The cost-of-living amount will be adjusted each year based on Statistics Canada’s low-income cut-off. The amount required for additional family members depends on how many dependents you have. 

For more details, please see the Dec 7, 2023 newsletter and the Proof of Financial Support section on IRCC’s website.

Below are examples of what you can submit as proof of financial support. Provide as many of them as apply to your situation.

Your bank statements from Canadian or overseas bank with a stamp A letter from UBC that proves you are receiving financial aid/scholarship/award/teaching assistantship/research assistantship Bank statements of your parents/sponsor from a Canadian or overseas bank with a stamp Proof of employment for yourself/your parents/sponsor Proof of business ownership/income for yourself/your parents/sponsor Approval for an educational loan Proof of ownership of properties for yourself/your parents/sponsor  Proof of any other type of income, stock, dividend etc. for yourself/your parents/sponsor If you are eligible for the Student Direct Stream (SDS) and have prepaid tuition, provide proof of tuition payment. Check the SDS page for details. If you have registered in courses and paid tuition, provide your proof of tuition payment from the Student Service Centre (SSC) by selecting "Tuition History" under Finances. It may take 1 to 5 days for tuition payment to appear on your account.

If the balance(s) in any of the documentation above is in foreign currency, provide a screenshot of the Bank of Canada currency converter result (if your currency is not listed, use xe.com).

If the proof of funds is from another person’s bank account, such as a parent or family member who is sponsoring you, they must provide proof of where their funding is coming from. Additionally, they must write a letter (preferably notarized) stating that they will support you during your studies in Canada. To write a letter of financial support, they can download our template (docx).

Include a summary or an index page of all the documents you are submitting for this section. This will also allow you to clarify or explain the connection between documents, if applicable. You can download a template for the summary (docx).



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