Canada has changed the rules for international students.
Now, students must show a higher savings amount to get a study permit.
These new rules have been effective since September 1, 2025.
Foreign students have to prove that they have enough money for tuition, living costs, and food. Only then will they receive a student visa.
The government wants to make sure students are not financially dependent on Canada after arriving.
Higher Savings Requirement
According to the latest updates from Immigration, Refugees and Citizenship Canada (IRCC), the minimum fund limit has been increased by 2,260 Canadian dollars (about ₹1.5 lakh).
Now, students must show at least 22,895 Canadian dollars (about ₹14.65 lakh) in their account.
This change increases the financial burden, especially for Indian students, as studying in Canada will now cost more than before.
Rules for Students Bringing Family
The new rules apply to all student visa applications submitted after September 1, 2025.
The fund requirement is not just for students but also for those bringing family members.
Example: A student coming with a family of four must now show proof of 42,543 Canadian dollars (about ₹27 lakh).
For them, the required amount has gone up by $4,197.
Accepted Proof of Savings
IRCC allows several types of documents as proof of funds, such as:
Tuition and hostel fee receipts
Proof of funds in a Canadian bank account
Bank statements
Guaranteed Investment Certificates (GIC)
Student loans or bank drafts
Financial aid certificates and scholarships
The savings must be shown according to foreign exchange rates. Students planning to study in Canada should make sure they have enough money; otherwise, their student visa will not be approved.
