Canada is one of the most preferred and popular destinations for international students for study purposes. But in order to secure a Canada Study Permit, you need to present proof of unconstrained available funds that are required to cover your tuition and living expenses. Have a glance at the financial requirements to study in Canada.
In addition to the tuition fee you must have adequate living expenses that are calculated as follows:
| Persons coming to Canada | Funds required per year (in addition to tuition) | Funds required per month (in addition to tuition) |
| Yourself | $10,000 | $833 |
| With a family member | $4,000 | $333 |
| Any additional family member | $3,000 | $255 |
| Persons coming to Canada | Funds required per year (in addition to tuition) | Funds required per month (in addition to tuition) |
| Yourself | $11,000 | $917 |
| First family member (18 years or older) | $5,100 | $425 |
| First family member (under the age of 18) | $3,800 | $317 |
| Every additional accompanying family member (18 years or older) | $5,125 | $427 |
| Every additional accompanying family member (under the age of 18) | $1,903 | $159 |
