Canada Increases Financial Proof Requirements for International Students on Study Visa (September 2025 Update)
Starting September 1, 2025, Canada has updated the financial proof requirements for international students applying for a study visa. This change is part of the government’s effort to ensure that students arriving in Canada can afford the cost of living while pursuing their education.
If you are planning to study in Canada, understanding these new financial requirements is crucial. At Visa Master Canada, we provide expert guidance to help you meet the latest immigration rules and secure your study visa successfully.
What Has Changed?
Previously, international students needed to show a Guaranteed Investment Certificate (GIC) or bank funds covering tuition plus $10,000 per year for living expenses.
Now, under the September 2025 update, the amount has been significantly increased to reflect the higher cost of living in Canada.
Updated Financial Proof Requirements (2025)
| Province/Region | Tuition Fees (Approx.) | Living Expenses Required (2025) | Total Proof of Funds Required |
|---|---|---|---|
| Ontario | CAD $15,000 | CAD $20,635 | CAD $35,635 |
| British Columbia | CAD $16,500 | CAD $20,635 | CAD $37,135 |
| Alberta | CAD $14,000 | CAD $20,635 | CAD $34,635 |
| Quebec | CAD $13,000 | CAD $15,078 | CAD $28,078 |
| Other Provinces | CAD $12,000–$15,000 | CAD $20,635 | CAD $32,635–$35,635 |
Note: Figures are subject to change depending on institution and IRCC guidelines.
Why the Change?
Canada is experiencing:
- Rising housing and living costs.
- The need to ensure that international students are financially stable.
- Better integration support so students can focus on their studies instead of financial stress.
Who Is Affected?
- All new study visa applicants from September 1, 2025.
- Both undergraduate and postgraduate students.
- Students renewing or extending their study permit may also be asked for updated proof of funds.
How to Prepare for the New Rules
- Save Early: Start building funds in a Canadian or international bank account.
- Secure a GIC: Many banks in Canada offer a GIC program to meet IRCC requirements.
- Work With Experts: Consult Visa Master Canada to understand how much proof you need based on your province and study program.
- Budget for Hidden Costs: Consider books, transport, and health insurance.
Common Mistakes to Avoid
- Showing insufficient funds (results in refusal).
- Using bank statements without clear ownership.
- Not considering exchange rate fluctuations.
Why Choose Visa Master Canada?
At Visa Master Canada, we help students:
- Calculate exact financial proof requirements.
- Prepare documentation for IRCC.
- Increase chances of approval with strong, compliant applications.
👉 Start your journey today with us: Visa Master Canada.
The Canada study visa financial proof 2025 update ensures that students arriving in Canada can support themselves while studying. While this may seem like a challenge, with the right preparation and expert support from Visa Master Canada, you can meet the new requirements and begin your academic journey in Canada with confidence.
