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Financial requirement for student visa

Securing a student visa for Canada is not as easy as it seems. In addition to completing the visa application and documenting their English language skills, applicants must also satisfy the financial requirements.
Edmissions
Proof of financial eligibility
This is crucial for improving one’s chances of getting a student visa for Canada. Applicants need to demonstrate that they have sufficient resources to support themselves while they are studying in Canada
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International students arriving in 2023-2024 will need to demonstrate that they have at least $25,000 with them. If there is any other person going with the student, then there will be separate fund requirements for that
Minimum bank balance required
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Confirm your financial eligibility
All that the visa office wants to confirm is that you have enough money to cover tuition and living expenses for you and your dependents if any.
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For that, you may document the following: your bank statement; any scholarship received; a bank’s loan approval letter; letter of sponsorship from the individual or organization offering financial support.
Give proof of funds
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Learn how to get express entry to Canada
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