Proof of financial support

You must prove that you can support yourself and the family members who come with you while you are in Canada.

What we accept as proof

proof of a Canadian bank account in your name, if you’ve transferred money to Canada
a Guaranteed Investment Certificate (GIC) from a participating Canadian financial institution
proof of a student or education loan from a bank
your bank statements for the past 4 months
a bank draft that can be converted to Canadian dollars
proof you paid tuition and housing fees
a letter from the person or school giving you money, or
proof of funding paid from within Canada, if you have a scholarship or are in a Canadian-funded educational program

If your country uses foreign exchange controls, you must prove that you’ll be allowed to export funds for all of your expenses.

How much money you need

All provinces/territories except Quebec

Number of family members (including the applicant)	Amount of funds required per year (not including tuition)
1	CAN$20,635
2	CAN$25,690
3	CAN$31,583
4	CAN$38,346
5	CAN$43,492
6	CAN$49,051
7	CAN$54,611
If more than 7 people, each additional family member	CAN$5,559

Example

If you and 2 family members want to come to a province or territory (other than Quebec) for a year, you’ll need $31,583 for living expenses.

If you applied before January 1, 2024

Persons coming to Canada	Amount of funds required per year (not including tuition)
You (the student)	CAN$10,000
First family member	CAN$4,000
Every additional accompanying family member	CAN$3,000

Example

If you and 2 family members want to come to a province (other than Quebec) for a year, you will need

living expenses: $10,000 (for the student)
living expenses: $4,000 (for the first family member)
living expenses: $3,000 (for the second family member)
Total: $17,000

Quebec

To study in Quebec, applicants must prove they meet the financial requirements outlined by the ministère de l’Immigration, de la Francisation et de l’Intégration.