💰2024 Proof of Funds Update for International Students in Canada! 🌍✈️ 

Ideally the all costs for the length of the program. The longer it gets the more likely they might be to accept a little less, since you can work part time. But definitely enough for the first year and the full tuition. See here: www.canada.ca/en/immigration-refugees-citizenship/corporate/publications-manuals/operational-bulletins-manuals/temporary-residents/study-permits/assessing-application.html

Its always better if the student shows their own funds first. Also a high proof of funds is not a guarantee to get a visa. If you need any assistance, please contact us here: www.studyliveexploreca.com/slestarterkit

@studyliveexploreca but what if that student is 17-18..where would they get money from coming from out of high school?..

No it should not be a problem if he explains how and why he is sponsoring you in a letter, shows the proof of funds etc. The closer the sponsor is related to you, the better it is.

If you submitted your study permit application before December 31, 2024 then they will still use the old Proof of funds. After that its the new one.

We wish you much success! If you need any assistance in the process, feel free to contact us here: www.studyliveexploreca.com/slestarterkit

Yes, the more family members you’ll the higher pof you will need

If you applied in 2023 it should still go by the old rule of $10000 per year. It is not always about the amount though, also how they assess them and how you explain it in your SOP. Have you requested your GCMS notes to get the details on the refusal? You can request them here: www.studyliveexploreca.com/offers/2WvTVMdB/checkout

As long as it is an official bank it should be okay.

Hi, It really depends on the program. You can check some of them here: slebeta.online/ Contact us if you need assistance finding the best school and program: www.studyliveexploreca.com/slestarterkit

Hi, You need to explain how you are sponsoring your sibling and provide all the backing documents. Like bank statements, proof of employment, income, your tenancy contract or title if you are offering accommodation etc.

See here: www.canada.ca/en/immigration-refugees-citizenship/corporate/publications-manuals/operational-bulletins-manuals/temporary-residents/study-permits/assessing-application.html www.quebec.ca/en/education/study-quebec/required-conditions/costs-studies

@gershondevadason4656…I’ve changed my universities half way through my studies. You’ll need to log back into your IRCC account and change/update your DLI. You’ve have to get accepted at the other university you choose to transfer to, because you can only change your DLI after you’ve actually been accepted by the other university. When you log in to your IRCC account you’ll need to link it to your original study permit. I’m not sure about transferring to another province, you’d have to contact immigration on that one.

@@TaddyBear164 Hey! Thanks so much for the info! Is there anyway I could dm you to ask more details about this? Would be much appreciated!

Then she will sponsor you for that part. That works, you just have to explain that in your study plan and back it up with proof and numbers as well.

@@studyliveexploreca 👍ok

You are welcome! Thanks for your feedback!

Technically the new proof of funds would apply yes. But I would contact IRCC, maybe they have a special solution for this one.

Ideally, yes.

Yes, it works out to average of 84,000 for 2-yr program. 20,635 (per student) 10,000-18,000 (tuition per year) 3,500 (travel, books, misc) Total: 42,000 per year Two Year Program = 84,000 You can cut back by attending a cheaper college.

See here: www.canada.ca/en/immigration-refugees-citizenship/services/study-canada/study-permit/get-documents.html#doc3

If you have a sponsor, you should show your proof of funds as well as the sponsors proof of funds.

Hello, No that would not work. Only funds that you can liquidate and use in Canada. Even if its personal investments like stocks etc. it should be significantly more than the POF, since it can fluctuate. POF is intended to be used while you are studying in Canada (even though its up to you whether you actually use all of it once you are in Canada)

@@studyliveexploreca Is it same amount of proof of funds either 1 year program and less than a year course?

It is possible to have multiple sponsors. The closer they are to you the better. Make sure they both have a letter how and why they will sponsor you with back up information.

The cic website is updated, they have increased it as well.

What do you want to know? - Starting on 1st Sep 2023, graduates of 48 private unsubsidized establishments in Quebec are no longer eligible for PGWP. - Starting in Fall 2024, graduates of English colleges must complete 5 Second Language French classes successfully. - To continue receiving Quebec government funding, the 3 English universities (McGill, Concordia, and Bishop's) in Quebec will need minimum 80% of their graduates with intermediate level French proficiency.

@@studyliveexploreca I delved deeper regarding this and finally understood how the Quebec gov POF work. Just found out that they increase periodically and isn't much affected by this abrupt change whereas the rest of the provinces weren't able to update the cost of living for YEARS, thus the doubled amount due to inflation and stuff.. Honestly, I've been so confused since Montreal is literally known for being one of the most affordable cities to reside in but the POF needed is much higher compared to others. Now it made sense. I think I finally grasped the update, or is there anything I missed? Thanks for responding! ps. I'm in the process of getting a CAQ, last question, if my CAQ is approved, will it increase the chance of me getting approved for study permit? Well, in the context of POF. I think they have the same criteria.. So I just need to ace my SOP for study permit without worrying about rejection bcs of POF and other comparable requirements. I'm just anxious and I think that this is a canon event for everyone applying.

Hi, Definitely you need to get your proof of funds in order first. There are scholarships, see here: www.educanada.ca/scholarships-bourses/index.aspx?lang=eng But getting a full scholarship or stipendium is not easy. Definitely work on building your own funds as well.

❤❤❤❤

No the spouse does not need IELTS

Sorry to hear that, what was the reason for refusal? Let us know if you need help finding a school and program: www.studyliveexploreca.com/slestarterkit

@@studyliveexploreca ask ko lang poh if there's is a caregiver study program for 10 months only with two two-year open work permit? Ganyan kasi ang sinasabi ng ibang immigration consultant..

The closer the better, but your uncle can likely work as well. Make sure to explain well in the SOP how and why he is sponsoring you. Have him write a letter about that as well and provide all the proof on how he will sponsor you like bank certificates, proof of income etc.

@@studyliveexploreca thanks. If ever Po na ma sponsor Ako Ng uncle ko na nasa Alberta and Meron Naman Po Ako prepared na pang tuition need ko pa poba mag labas Ng proof of fund kahit may letter na galing sa sponsor?

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Hi, Here are the official proof of funds requirements: www.canada.ca/en/immigration-refugees-citizenship/services/study-canada/study-permit/get-documents.html#doc3

Where did you apply?

That’s okay, just do what ever makes you happy ❤

Depends on your tuition, are you single or with family, etc.

@@studyliveexploreca I’m single and my tuition is $19,102.50 cad. And this will be at Douglas College.

@@jtm5390more than $82000 in your case

​@@jtm5390hi sir any update Po sa tanong mo if na clarify na same question din Po Kasi Ako🙂

hmmm it will be only enuf for 1 student

Was thinking with 25k of gic other 20k I can pay my one year of masters and his first year in bachelor

You can see the detailed POF requirements here: www.canada.ca/en/immigration-refugees-citizenship/corporate/publications-manuals/operational-bulletins-manuals/temporary-residents/study-permits/assessing-application.html

Would u kindly provide the amount1 student with spouse n a kid pls

Thanks @@studyliveexploreca

Its where you take two 1 year programs, so that you only need the proof of funds for one year in the beginning. Then apply for a new study permit or an extension and study another 1 year program. If you need assistance finding the right school and program, please contact us here: www.studyliveexploreca.com/slestarterkit

Let's say your LOA indicates you were admitted into programA + programB. Is that also a 1+1? When applying for a study permit in this case, will you be granted for one year with the option of extending? Or will the program be seen as a two year program by IRCC?

Welcome!

Keep saving, your gonna make it!

yes its a lot

She can certainly sponsor you and transfer money into your account. She has to write a letter how and why she is sponsoring you and provide the proof that she is financially capable. Show where the funds came from etc. Also explain it well in your Study Plan.

@@studyliveexploreca I'm doing self sponsorship

@@wisdomebuka7943cash from your business should be recorded, deposit to your business account then you with draw from businesses account as payroll etc