Maple News reports that starting September 1, 2025, international students applying for a study permit to Canada will need to demonstrate a higher financial capacity. The proof of funds requirement for a single applicant will increase by $2,260 CAD, bringing the total to $22,895 CAD. This adjustment is part of Canada’s ongoing efforts to ensure international students can financially sustain themselves during their stay.
The updated financial threshold applies to all new study permit applications submitted on or after the effective date. This change does not include tuition or transportation expenses—students are required to prove they have access to sufficient living expenses in addition to covering academic costs.
The financial requirement scales with the number of accompanying family members. For example, family units of two will now need to show $28,502 CAD (an increase of $2,812), while a family of four will be required to show $42,543 CAD (up $4,197). Each additional family member requires an extra $6,170 CAD in available funds.
Here is a breakdown of the new minimum financial thresholds:
– 1 person: $22,895
– 2 people: $28,502
– 3 people: $35,040
– 4 people: $42,543
– 5 people: $48,252
– 6 people: $54,420
– 7 people: $60,589
– Each additional member: +$6,170
According to Immigration, Refugees and Citizenship Canada (IRCC), prospective students must clearly state how they intend to finance both their tuition and living costs. Proof can include bank statements, letters of financial support, or education loan documents.
Those planning to study in Quebec face an extra layer of documentation. They must first secure a Quebec Acceptance Certificate (CAQ) and also meet Quebec’s own financial requirements, separate from the federal IRCC criteria. This dual process reflects Quebec’s partially autonomous immigration management system.
These adjustments follow broader scrutiny of international student admissions in Canada, including efforts to ensure student integrity and capacity for success. As international tuition fees continue to rise, ensuring students are adequately prepared financially is increasingly essential.
Prospective students are encouraged by Maple News to begin their planning early and consult with designated educational advisors to ensure a smooth and compliant application process.
For ongoing updates on Canadian immigration and study visa policies, stay tuned with Maple News — your trusted source for Canadian immigration guidance.