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Canada Increases Financial Requirements for International Study Permit Applicants
Immigration, Refugees and Citizenship Canada (IRCC) has officially updated the proof of funds requirement for international students applying for a Canadian study permit. Under the new guidelines, a single applicant must demonstrate $23,448 CAD in available living expenses. Cost of Living Adjustment This update aligns financial threshold requirements with Statistics Canada’s Low-Income Cut-Off (LICO) benchmark. By indexing the financial criteria to current economic indicators, IRCC aims to ensure that incoming international students are adequately prepared for true living costs across Canadian municipalities. Required Funds Schedule by Household Size For study permit applications in all provinces and territories outside Quebec, the …
