How much money i need for study visa in Canada?

The amount of money required for a Canadian study visa (study permit) primarily depends on a few key factors, including tuition fees, living expenses, and proof of funds requirements set by the Canadian government. Here’s a breakdown to help you understand the financial requirements:

1. Proof of Funds

The Canadian government requires you to prove you have sufficient funds to cover:
– **Tuition Fees**: The cost varies by institution and program. On average, tuition fees for international students range from CAD 7,000 to CAD 29,000 per year, depending on the program and institution.
– **Living Expenses**: You must show that you can cover your living costs while studying. The general guideline is CAD 10,000 to CAD 15,000 per year for living expenses (excluding tuition). This amount can vary based on the city you live in; larger cities like Toronto or Vancouver tend to have higher living costs.

2. Additional Funds for Accompanying Family Members

If you plan to bring family members with you, you need to show additional funds:
– **Spouse**: Approximately CAD 4,000 per year.
– **Each dependent child**: Approximately CAD 3,000 per year.

3. Application Fees

– **Study Permit Application Fee**: CAD 150.
– **Biometrics Fee**: If required, CAD 85.

4. Other Expenses

– **Medical Exam**: If required, costs can vary depending on the country and the provider.
– **Police Certificate**: If required, costs can vary by country.
– **Travel Insurance**: Not required for the study permit application but recommended during your stay in Canada.

 Summary of Estimated Costs:

1. **Tuition Fees**: CAD 7,000 – CAD 29,000 per year.
2. **Living Expenses**: CAD 10,000 – CAD 15,000 per year.
3. **Application Fee**: CAD 150.
4. **Biometrics Fee**: CAD 85.

**Total Estimated Minimum Required Funds**:
– **Tuition Fees + Living Expenses**: CAD 17,000 to CAD 44,000 per year.
– **Additional Fees**: CAD 235 (Application and Biometrics).

How to Prove Funds:

– **Bank Statements**: Showing sufficient funds in your bank account.
– **Scholarships or Grants**: Documentation proving you have received financial aid.
– **Financial Support**: If someone else is sponsoring you, they need to provide proof of their financial ability.

Make sure to check the latest requirements on the official Immigration, Refugees and Citizenship Canada (IRCC) website or consult with the Canadian embassy or consulate in your country, as requirements can change.

Compilation by  FABO