Canada increased the funds that international students must show for a study permit.
The new amounts apply to applications submitted on or after September 1, 2026. They apply outside Quebec.
The required living-cost amount is separate from tuition and transportation costs.
How Much Money Do You Need?
IRCC requires students to prove they can support themselves without working in Canada.
The following amounts apply during the first year of study:
| Family members | Required living expenses |
|---|---|
| 1 | $23,448 |
| 2 | $29,192 |
| 3 | $35,888 |
| 4 | $43,572 |
| 5 | $49,419 |
| 6 | $55,736 |
| 7 | $62,054 |
| Each additional person | $6,318 |
These amounts do not include tuition or transportation.
For example, one student must show at least $23,448 for living expenses. The student must also show tuition and travel funds.
Review the complete IRCC proof-of-financial-support requirements.
How Much Did the Amount Increase?
The previous requirement for one person was $22,895.
The new amount is $23,448. This represents an increase of $553.
The application date determines which amount applies. It is not based on the program’s starting date.
Applications submitted before September 1, 2026, were assessed using the earlier table.
What Must Your Funds Cover?
Your financial evidence must cover:
- First-year tuition
- Living expenses
- Transportation to and from Canada
- Expenses for accompanying family members
Students entering longer programs must also explain their financial plan for later years.
IRCC can assess the amount, source and availability of the money.
Meeting the minimum amount does not guarantee approval.
What Documents Can Show Proof of Funds?
Depending on the case, applicants may provide:
- Bank statements covering the previous six months
- Proof of tuition payments
- A Guaranteed Investment Certificate
- Education loan documents
- Scholarship confirmation
- Employment income records
- A sponsor’s financial documents
- Proof of the applicant’s relationship to the sponsor
- Evidence showing the source of large deposits
Applicants do not need every document on this list. However, their evidence must present a clear financial picture.
The local visa office may also request additional documents.
What If Someone Else Is Paying?
Parents, relatives or other sponsors may support a student.
A support letter alone may not be sufficient. The sponsor should provide evidence of their employment, income and available savings.
The applicant should also explain their relationship with the sponsor.
Sudden deposits can raise questions. Applicants should document where the money came from and why it is available.
Are the Requirements Different in Quebec?
Yes.
Students planning to study in Quebec must follow Quebec’s financial requirements. They may also need a Quebec Acceptance Certificate.
The amounts in this article apply to every province and territory except Quebec.
Frequently Asked Questions
Do I only need to show $23,448?
No. You must also show enough money for tuition and transportation.
Can I rely on working in Canada?
No. IRCC requires proof that you can cover your costs without working in Canada.
Which amount applies if my classes began before September 1?
Your submission date controls the required amount. The new table applies to applications submitted on or after September 1, 2026.
Do I need to show funds for my entire program?
You must show sufficient funds for the first year. For longer programs, you must also explain how later years will be funded.
How Visaserve Immigration Law P.C. Can Help
Visaserve Immigration Law P.C. assists students with:
- Study permit applications
- Proof-of-funds reviews
- Sponsor document packages
- Source-of-funds explanations
- Study permit refusals
- Applications involving accompanying family members
Contact info@visaserve.ca or call 905-203-2266. You can also schedule a consultation with our immigration team.
