How Much Money Do I Need To Study In Canada As An International Student?

2019-12-13 – Canada is a popular destination for international students. In order to secure a Canada Study Permit, proof of unencumbered available funds is required to cover tuition and living expenses.

You can prove funding with:

• Proof of your Canadian bank account showing money you have transferred.
• Guaranteed Investment Certificate (GIC) from a Canadian bank.
• Proof of a student or education loan from a bank.
• Your bank statements for the past four months.
• A bank draft that can be converted to Canadian dollars.
• Proof you paid for tuition and housing.
• A letter from a person or school giving you money.
• Proof of funding paid from within Canada, if you have a scholarship or are in a Canadian-funded educational program.

Tuition can vary significantly between institutions and study programs.

In addition to tuition, you must have adequate living expenses, calculated as follows:

Funds Required Outside of Quebec

Funds Required Within Quebec

How to Calculate Final Amount

Example: Tuition + $10,000 (student) + $4,000 (spouse)

Total proof of funds needed: Tuition + $14,000