5 Key Insights: Canada Raises Study Permit Fund Requirement to CA$22,895

Canada Hikes Study Permit Financial Threshold: What You Must Know

As of September 1, 2025, the Government of Canada, through Immigration, Refugees and Citizenship Canada (IRCC), has raised the minimum financial proof required for international students applying for a study permit (outside Quebec). A single applicant must now show CA$22,895, marking an increase of CA$2,260 from the previous requirement of CA$20,635.

This adjustment also scales for applicants bringing family. Below is the updated breakdown:

Why the Increase?

Canada’s decision reflects rising living costs—especially inflation and housing—and ensures students have adequate financial resilience while studying abroad

At Kansas Overseas, we specialize in demystifying complex immigration landscapes, including the study permit visa process. As trusted Canada visa consultants, our mission is to provide tailored, up-to-date guidance so you can confidently plan your study goals.

How Kansas Overseas Supports You

Accurate Financial Planning: We help you gauge the actual cost of living in different Canadian provinces, beyond just the minimum requirement—accounting for tuition, insurance, travel, books, and settlement expenses.

Documentation Expertise:

Prepare compelling proof of funds using:

• Bank statements (covering the past 4 months)
• GICs or guaranteed investment certificates
• Scholarship or sponsorship letters
• Education loan sanction letters
• Proof of tuition and housing fee payments
• Letters of financial support (with evidence of relationship)

Family-Inclusive Planning: If you're bringing a spouse or children, we’ll help structure your finances to meet the exact thresholds and compile supporting documentation to avoid application delays—or refusals.

What This Means for You

• Applications submitted on or after September 1, 2025, must reflect these updated thresholds. Earlier filings need not meet them—so timing matters
• These funds are separate from tuition or transportation—they strictly cover living expenses.
• Students applying to Quebec must satisfy both Quebec’s MIFI and IRCC funding levels, which differ

Final Thoughts

Canada’s updated CA$22,895 financial requirement underscores the importance of thorough financial preparation. As your dedicated Canada visa consultants, Kansas Overseas stands committed to equipping you with authentic, personalized advice and seamless support to successfully navigate this transition.

Call to Action:

Ready to turn your Canadian education dreams into reality? Reach out for guidance tailored to your needs:

• Email: info@kansaz.in
• Toll-Free: 1800-102-0109
• Get a Free Consultation