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Canada tightens financial checks for study permits
['Derek Shank']
CIC News
Applicants for Canadian study permits now face tougher financial checks.
The previous version of the instructions suggested digging into supplementary documentation only “in some very high-risk environments”—a qualifying phrase that has been deleted in the update.
The updated instructions also say that in the case of study permit renewals, the amount of funds must be assessed based on the first year following the extension.
Required amounts unchangedThe updated instructions have made no changes to the amount of funds required.
For a sole applicant with no family members intending to study outside Quebec under the standard study permit stream, the amount is $22,895, as of the time of writing, according to the government's proof of financial support webpage for study permit applicants.