Published on: July 2025
Canada has just raised the bar for international students: From September 1, 2025, all new study permit applicants—including Indians—must show proof of at least CAN $22,895 (about ₹14 lakh) for living expenses, up from the earlier CAN $20,635. For Indian families planning for the September 2025 intake and beyond, early planning and fund management have become more important than ever.
What Is the New Minimum Fund Requirement for a Canada Student Visa in 2025?
Starting September 1, 2025, all student visa (study permit) applications must include:
- CAN $22,895 (about ₹14 lakh) for one person’s living expenses
- More for each family member (spouse/child)
Family Size Fund Requirement Table:
| Family Members | Funds Required (CAN$) | Approx. INR |
|---|---|---|
| 1 | $22,895 | ₹14 lakh |
| 2 | $28,502 | ₹17.5 lakh |
| 3 | $35,040 | ₹21.5 lakh |
| 4 | $42,543 | ₹26 lakh |
| 5 | $48,252 | ₹29.5 lakh |
| 6 | $54,420 | ₹33 lakh |
| 7 | $60,589 | ₹36.5 lakh |
| Each add’l | $6,170 | ~₹3.7 lakh extra |
Note: Applications before September 1, 2025, can still use the previous lower fund requirement.
What Documents Are Accepted as Proof of Funds?
Canada’s IRCC (Immigration, Refugees and Citizenship Canada) will accept:
- Canadian bank account statement in your name (if funds have been transferred)
- Guaranteed Investment Certificate (GIC) from a participating Canadian financial institution (standard for SDS applicants)
- Student or education loan from a recognized bank
- Bank statements for the last 4 months
- A bank draft convertible to Canadian dollars
- A letter from your sponsor or school stating they are providing your funds
- Proof of scholarship or funding from within Canada
Pro tip: For Indian students, the most common method is the GIC. Be sure your GIC matches the new amount if applying for the September 2025 intake or later.
Why Has Canada Raised the Fund Requirement in 2025?
- Cost of living in Canada has increased in recent years, especially in major cities like Toronto and Vancouver.
- To ensure international students have enough funds and don’t face hardship, the Canadian government has aligned the fund requirement to real-world living expenses.
- Reduces risk of visa refusals due to insufficient funds.
India remains the largest source of international students for Canada—so expert planning and documentation are now more important than ever.
What Should Indian Students and Parents Do Now?
- If you want to use the old fund amount, apply before September 1, 2025.
- Calculate your total fund need:
- Tuition for first year
- Minimum CAN $22,895 for living (more if bringing dependants)
- Additional funds for travel, emergencies, and GIC fees
- Start the education loan or fund transfer process early.
- Prepare all documents in advance—bank statements, GIC certificates, loan letters, etc.
- Double-check documentation:
- All must be genuine, clear, and in English or French.
- Get help if needed:
Velynt Global can provide a personalized fund checklist and documentation review.
Frequently Asked Questions (FAQ)
Q: What is the new minimum fund requirement for Canada student visa in 2025?
A: CAN $22,895 (about ₹14 lakh) for living expenses, separate from tuition.
Q: Does this apply to all Indian students?
A: Yes—all applicants for all provinces except Quebec, for applications submitted after September 1, 2025.
Q: What is a GIC, and is it mandatory?
A: GIC (Guaranteed Investment Certificate) is required for SDS route applicants. The new minimum must match the latest rules.
Q: Can I use a student loan as proof of funds?
A: Yes, as long as it is from a recognized bank and meets Canadian IRCC requirements.
Related Reading
Need a personalized funds checklist or guidance on Canada student visa documentation?
Contact Velynt Global for a free checklist and expert review:
Email: [email protected] | WhatsApp: +91 90748 07602 | Website: www.velyntglobal.com
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