For all international students with study permit applications received/submitted as of January 1, the federal government has now more than doubled the cost-of-living financial requirement that applicants must display during the application process.
In other words, Canadian study permit applicants must now display that they have $20,635 in savings – a significant increase from the $10,000 that international study permit applicants had to display prior to the start of this year.
Note: The new cost-of-living financial requirement must be shown alongside additional funds for covering the cost of first-year tuition and travel
