Canada Raises Proof-of-Funds Requirement for International Students From September 1, 2026
Canada Raises Proof-of-Funds Requirement for International Students From September 1, 2026 Canada Immigration Canada is increasing the amount of money international students must demonstrate when applying for a study permit, with the new financial requirement taking effect on September 1, 2026 . Under the updated requirement, a single student applying to study in Canada outside Quebec will need to demonstrate access to C$23,448 for living expenses for one year. The amount is an increase from the current requirement of C$22,895 , representing an increase of C$553, or approximately 2.4%. The new living-expense amount does not include tuition fees or transportation costs. Applicants must demonstrate that they can also cover those expenses. What Is Changing? Canada updates its study permit financial requirements every year to reflect changes in the cost of living. For applications submitted from September 1, 2026 , the minimum living-expense amount for one person will rise to: C$23...