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Updated Cost-of-Living / Proof-of-Funds for Study Permits
Effective: January 1, 2024 (raised to $20,635 single applicant); September 1, 2025 (raised to $22,895)
TL;DR
IRCC now annually adjusts the proof-of-funds amount required for a study permit, indexed to LICO. Single applicants need approximately CAD $22,895 in living expenses for 2026 (verify on canada.ca before applying), plus tuition.
What changed
- Single-applicant cost-of-living amount raised to ~$22,895.
- Annual adjustment indexed to LICO.
- Family-of-N amounts scale upward.
Who is affected
All study permit applicants except for short-term and exchange students.
Verify on canada.ca
Always confirm policy details, dates, and exact eligibility on the Government of Canada source page before acting:
https://www.canada.ca/en/immigration-refugees-citizenship/services/study-canada/study-permit/get-documents/financial-support.html ↗Related immigration topics
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