Study Permit Financial Proof Calculator
Calculate the exact IRCC financial requirements for your 2026 Canadian Study Permit application.
Financial Proof Calculator
Calculate the exact IRCC financial requirements for your 2026 application.
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Just MeSpouse + Kids
Total Funds Required
$43,895
Minimum Proof of Funds (CAD)
IRCC Breakdown
First Year Tuition$20,000
Living Expenses (Base)$22,895
Return Travel (Est.)$1,000
If you have already paid some or all of your tuition or housing, you can deduct those amounts from the total required, provided you supply the receipts to IRCC.
Frequently Asked Questions
As of 2025/2026, IRCC requires international students to show proof of funds covering: 1) Your first year of tuition, 2) A living expense base of $22,895 CAD (up from the previous $20,635), and 3) Return travel costs (typically estimated at $1,000-$2,000).
IRCC increased the cost-of-living requirement to better reflect the true cost of living in Canada, particularly rent and groceries. The new requirement of $22,895 represents 75% of the low-income cut-off (LICO) for a single person.
Yes. If you bring a spouse or dependent children, the financial requirement increases significantly. For example, adding one family member typically requires an additional $7,000-$8,000 CAD per year.
IRCC accepts several forms of proof, including: a Guaranteed Investment Certificate (GIC) from a participating Canadian financial institution, bank statements for the past 4 months, a bank draft in convertible currency, or proof of a student loan/scholarship.