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Proof of Funds for a Study Permit
How much money you must show for a Canadian study permit, what counts, and how to document it so funds are not a refusal reason.
RCIC
Reviewed for immigration accuracy by Usman Khalil, RCIC (CICC R709592) · MAK Canadian Immigration Services.
Talk to a licensed RCIC about your situation. Book a paid consultation, or start with a free assessment.
Book a consultationFree assessmentWeak or poorly documented funds is one of the most common study permit refusal reasons. You must show you can pay tuition, living expenses, and travel without working in Canada, and your evidence must be clear, traceable, and credible.
How much you must show
For applications on or after 1 September 2025, a single applicant outside Quebec must show at least $22,895 for living expenses for the first year, excluding tuition and transportation. Tuition and transportation must be shown separately. The amount rises with family size and is updated periodically by IRCC, so confirm the current figure before you apply. Quebec sets its own requirements.
What counts as proof
- Proof you paid first-year tuition and housing
- A Canadian bank account or Guaranteed Investment Certificate (GIC) in your name
- Bank statements for the past four months
- Education or student loan approval
- A letter from a sponsor with supporting documents
This is not a complete list, and the right combination depends on your situation.
Common funds mistakes
Large unexplained deposits, money that cannot be traced, sponsors without a clear relationship or capacity, and documents that do not reconcile all weaken an application. We review your evidence so it holds together.
How a licensed RCIC helps
We check whether your funds meet the current threshold for your family size, whether the money is properly sourced and documented, and how to present it clearly. We cannot guarantee approval; final decisions are made by IRCC.
Related pages
Frequently asked questions
How much money do I need to show?
For applications on or after 1 September 2025, a single applicant outside Quebec must show at least $22,895 for living expenses, plus tuition and transportation shown separately.
Does that amount include tuition?
No. The living-expenses figure is separate from tuition and transportation, which you must show in addition.
Can a sponsor show the funds for me?
Yes, with documents proving the relationship, the source of the funds, and capacity. We review whether it will be credible.
Reviewed for immigration accuracy by Usman Khalil, RCIC (CICC R709592). This page is general information, not legal advice. Final decisions are made by IRCC.
