The Canadian Government has announced an increase in proof of funds for international students applying for study permit
According to a statement by the IRCC on Friday , the increase will come into effect on September 1,2026.
The statement is stated below:
IRCC
@CitImmCanada
Important information for international students: On September 1, 2026, the funds you need to show when you apply for a study permit will increase.
We update financial requirements for study permit applicants each year to keep pace with the cost of living and help protect international students from exploitation.
Study permit: Get the right documents
Who can apply
Get the right documents
Provincial attestation letter or territorial attestation letter
Proof of financial support
How to apply
After you apply
Prepare for your arrival
While you study
Proof of financial support
You must prove that you have enough money, without working in Canada, to pay for all the following:
tuition fees for the course or program of studies
living expenses for yourself and the family members who come with you while you’re in Canada
transportation to and from Canada for yourself and your accompanying family members
How to show you meet the financial capacity requirements
You must provide us with documents that prove you have the required funds available for all the costs listed above. This means that
you must show you have enough financial resources for the first year of your studies
for programs more than a year long, you must also tell us how you plan to pay for the full duration of your studies
For example, you can show proof that your scholarship is more than a year long, proof that your parents are employed, etc.
We’ll assess the amount of funds you have and their source, and confirm that you have funds available to you throughout the full duration of your studies.
Common documents that can be used to show proof of funds
How much money you need for living expenses
This chart tells you how much money you will need to support yourself and your family members in Canada for the first year of your program of studies. These amounts are updated each year.
These amounts do not include tuition and transportation costs.
If you apply on or after September 1, 2026
All provinces and territories except Quebec
Number of family members
(including the applicant) Amount required per year
(excluding tuition and transportation costs)
(in CAN$)
1 $23,448
2 $29,192
3 $35,888
4 $43,572
5 $49,419
6 $55,736
7 $62,054
If more than 7 people, each additional family member $6,318
Example: If you and 2 family members want to come to a province or territory (other than Quebec) for a year, you’ll need $35,888 for living expenses.
If you apply between January 1, 2025, and August 31, 2026 (inclusively)
Quebec
To obtain a Quebec Acceptance Certificate (Certificat d’acceptation du Québec [CAQ]) and study in Quebec, applicants must show they can financially cover the costs outlined by the Ministère de l’Immigration, de la Francisation et de l’Intégration.
