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Studies in Canada will now become expensive after financial requirements for Ottawa’s new, study permit applicants.
The latest Canadian government’s latest guidelines for international students are to ensure that they are more economically safe during their time in the country, without taking jobs there. The new guidelines will apply on 1 September 2025.
What will change?
The revised policy makes it mandatory for potential international students, including people of India, to show sufficient financial capacity to cover themselves. Tuition feeHigh living expenses without relying on employment in Canada, and transportation costs.
Therefore, after September, Indian students planning to study in Canada must ensure that they have 14,33,861 (CAD $ 22,895) per year as a cost-living requirement in their bank account. It is except tuition fees.
This cost for a single applicant has increased from the previous range of CAD $ 20,635 ( 12,92,322).
Based on the number of family members, the required money will move upwards. For example, an applicant with two dependents will now have to show 21,94,475 (CAD $ 35,040) annually in available funds.
With specific provisions for Quebec, changes are applied to all provinces and regions.
Comparison of financial requirements before and after changes for applicants outside Quebec:
For Quebec:
Indian students are willing to study Cubec The separate financial requirements prescribed by the Ministry of Immigration, Franction and Integration should be met.
In addition to tuition, international students planning to study in Quebec will have to show money to cover transport, living expenses, settlement fees and health insurance.
1. Cost-lived requirement
One person
- under 18: 4,85,682 (CAD $ 7,756)
- 18 or over: 9,71,113 (CAD $ 15,508)
two persons
- 18 or over: 14,24,294 (CAD $ 22,745)
- 18 or more and less than 18 person: 15,95,498 (CAD $ 25,479)
- Less than 18 persons: 17,21,990 (CAD $ 27,499)
3. Settlement fee (first year only): 31,310 (CAD $ 500)
4. Proof of health and hospital insurance for the entire duration of stay until the discount of Quebec’s insurance agreements.
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