Planning to Study in Canada? Get Ready for Big Financial Changes!

Starting September 1, 2025, Canada is implementing stricter financial proof requirements for all international students applying for a study permit. This change is part of the federal government’s broader effort to ensure students can afford to live and study in Canada comfortably—and to reduce strain on housing and public services. Whether you're applying from India, the Philippines, Nigeria, or any other country, this new rule affects YOU if you're planning to start studies in Fall 2025 or later.

What Has Changed?

✅ New Financial Minimums (outside Québec):

As of Sept 1, 2025, all international students must show:

Québec-Specific Requirements

Students applying to institutions in Québec will need to meet distinct financial thresholds, which vary slightly. These can include cost-of-living adjustments specific to Québec regions.

Why This Matters Now?

Applications submitted before Sept 1, 2025 are assessed under the current rules. After this date, the new financial proof is mandatory—no exceptions. Students and sponsors must update bank statements, GICs, affidavits, and other financial documents to meet the new thresholds.

What Proof Is Accepted?

You can demonstrate financial capacity through:

Common Mistakes to Avoid

When preparing your application, be mindful of these common pitfalls:

• Submitting outdated bank documents

• Relying solely on real estate or non-liquid assets

• Inconsistent income history between the sponsor’s ITR and funds shown

• Ignoring travel costs or dependents’ expenses

  
  

Our Advice for Applicants

Apply early – before the September 1 deadline if possible. If you’re applying after that, get professional guidance to avoid rejection. Review your study plan to include financial sustainability and ties to your home country (important for dual intent under IRPR s.179(b)).

Understanding Financial Proof Requirements

What You Need to Know

The financial proof requirements are designed to ensure that students can support themselves during their studies. This means having enough funds to cover tuition, living expenses, and other costs. It's crucial to understand these requirements fully to avoid any issues with your application.

Preparing Your Financial Documents

Gathering the right financial documents is essential. Make sure you have the following:

• Bank statements showing sufficient funds

• Guaranteed Investment Certificates (GICs)

• Affidavits of support, if applicable

  
  

Tips for Presenting Your Financial Information

When presenting your financial information, clarity is key. Ensure that your documents are organized and clearly show your financial capacity. This will help immigration officials assess your application more easily.

How Moon 2 Rise Immigration Can Help

At Moon 2 Rise Immigration, we specialize in:

• Study permit applications

• GIC & financial document preparation

• Family sponsorship and dual intent analysis

• Representation for TRV rejections and GCMS notes review

• Full legal advice by licensed RCIC consultants

  
  

Special Offers for Saskatchewan & Ontario students! Get discounts on PGWP and student services—limited slots open.

Book a Free Consultation Now

We’re currently offering free legal advice for international students affected by the new rules. Don't miss this opportunity to get the guidance you need.

www.moon2rise.com | info@moon2rise.com | Serving Saskatchewan, Alberta, Manitoba, Ontario & beyond

Conclusion

Navigating the financial requirements for studying in Canada can be daunting. However, with the right preparation and support, you can successfully meet these new standards. Remember, the key is to stay informed and organized. If you have any questions or need assistance, don’t hesitate to reach out. We're here to help you every step of the way as you embark on this exciting journey!