Fund Requirements to Apply to Study in Canada -
You must prove that you can support yourself, and the family members who come with you, while you are in Canada.
You can prove your funds with:
- proof of a Canadian bank account in your name, if you have transferred money to Canada
- Guaranteed Investment Certificate (GIC) from a participating Canadian financial institution
- proof of a student/education loan from a bank
- your bank statements for the past four 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.
| Persons coming to Canada | Amount of funds required per year (additional to the tuition) | Amount of funds required per month (additional to the tuition) |
| You (the student) | $10,000 | $833 |
| First family member | $4,000 | $333 |
| Every additional accompanying family member | $3,000 | $255 |
An example of how much funding proof you will need:
If you and two family members want to come, you will need:
- Tuition +$10,000 (for the student)
- +$4,000 (for the first family member)
- +$3,000 (for the second family member)
Total: Fund need to prove would be + $17,000 + tuition