Funding Your Studies in Canada

🧾 Minimum Proof of Funds (2025 – Outside Quebec)

To study in most parts of Canada, you must show that you have at least:

• Tuition fees - (varies by school and program)

• Living expenses:

  - Student only : CAD $20,635 per year

  - Spouse : additional CAD $5,000

  - Per child : additional CAD $3,000 each

💡 This is the minimum. Some schools or visa officers may expect to see more.

✅ Acceptable Proof of Funds Includes:

• Recent bank statements (yours or your sponsor’s)

• Guaranteed Investment Certificate (GIC) – required for SDS stream

• Scholarship or financial aid letter

• Proof of paid tuition and housing

• Sponsor’s affidavit of support

• and supporting documents (if someone else is funding you)

🎓 Other Financial Support Options:

• Scholarships & Bursaries from Canadian schools or organizations

• Part-time work while studying (up to 20 hrs/week)

• On-campus jobs or co-op/internship programs

• Education loans (from banks in your home country)

Planning ahead and showing strong financial proof increases your chances of visa approval. Need help calculating your estimated cost or preparing proof of funds?We’re here to help.