Applicants for a Canadian study permit are required to prove they have enough money to cover the first year of tuition fees. They also need to have the financial resources to support themselves, and any accompanying family members, each year. The following table show the amounts that a student is required to possess (all amounts in Canadian dollars):
|Number of people||All provinces except Quebec|
|Single student||Tuition plus $10,000 for a 12-month period (or $833 per month)|
|For one accompanying family member add:||$4,000 for a 12-month period (or $333 per month)|
|For each additional family member, add:||$3,000 for a 12-month period per dependent child of any age (or $255 )|
In Quebec, the financial requirements for prospective students are different. In addition to tuition fees, a prospective international student is required to show that he or she has the following funds, dependent on his or her situation.
|Number of people||Total amount required|
|One person under age 18||$6,377|
|One person age 18 or older||$12,750|
|Two persons age 18 or older||$18,702|
|One person over age 18 and one under age 18||$17,137|
|Two persons over age 18 and one under age 18||$20,950|
|Two persons over age 18 and two under age 18||$22,611|
Financial resources may be proven with a combination of the following:
- Canadian bank account statements in the applicant's name, if money has been transferred to Canada;
- Proof of a student or educational loan from a financial institution;
- The applicant's bank statements from the past four months;
- A bank draft in convertible currency;
- Proof of payment of tuition and accommodation fees;
- A letter from the person or institution providing you with money; and/or,
- Proof of a scholarship or funding paid from within Canada.
Family or friends of the applicant may submit letters confirming that they will support the applicant during his or her studies.