As of September 1, 2025, international students in Canada will be asked to demonstrate a higher level of financial readiness to qualify for a study permit.
The required amount has risen by $2,260 CAD, bringing the total to $22,895 CAD for a single applicant. This figure, known as the proof of funds requirement, applies to all new study permit applications submitted on or after that date and is separate from tuition and travel costs.
Applicants with family members will need to show higher amounts depending on the size of their household.
Quebec-specific requirements
Students planning to study in Quebec face an additional step before applying to IRCC.
They must first obtain a Quebec Acceptance Certificate (CAQ), which involves showing they can cover one year of tuition, fixed living expenses, transportation costs, a settlement fund of $500, and health insurance.
While these amounts are calculated differently from IRCC’s requirements, the same funds can be used to meet both sets of rules. For a single adult in Quebec, the living expense portion alone is set at $15,508 CAD in 2025, in addition to tuition and other mandatory costs.
