Canada Study Permit Proof of Funds: New Amounts from September 2026

For study permit applications submitted on or after 1 September 2026, one student must show at least CAD 23,448 for first-year living costs outside Quebec. This is in addition to first-year tuition and travel costs. The earlier amount was CAD 22,895.

What changed?

Immigration, Refugees and Citizenship Canada (IRCC) updates its minimum living-expense amounts each year. The application date matters: the new figures apply to applications made from 1 September 2026, not simply to courses starting after that date.

• One person (the student): CAD 23,448
• Two family members in total, including the student: CAD 29,192
• Three family members in total: CAD 35,888

These are first-year living-cost minimums for provinces and territories other than Quebec. They do not include tuition or transportation. Quebec has separate financial requirements, so students headed there should follow its current provincial guidance.

What should Nepali applicants budget?

Add the remaining first-year tuition and travel costs to the applicable living-cost amount. For a single student outside Quebec, that means at least CAD 23,448 plus those other costs. A bank balance matching only the living-cost figure is not enough if tuition and travel are still unpaid.

IRCC asks you to demonstrate that funds are available for the first year. For a program longer than one year, you should also explain how you will pay for the rest of your studies. IRCC can assess both the amount and the source of the money. Supporting evidence may include bank statements, an education-loan letter, scholarship documents or proof of a sponsor’s income, as appropriate to your case.

Before you apply

1. Check your intended province: Quebec follows a different process.
2. Work out the living-cost amount for everyone included in your application, then add tuition and travel.
3. Keep clear records showing where the money came from and that you can use it for your studies.
4. Confirm the current figure on the official IRCC proof-of-financial-support page before submission.

For the wider application process, see our Canada study permit guide. This update is general information, not a guarantee of approval; IRCC assesses each application individually.