Indian students heading to Canada must show more funds from September 1

Canada has increased the financial requirement for international students applying for a study permit from September 1, 2026. Indian students planning to study in Canada will now need to show more money for living expenses when submitting their applications.

According to Immigration, Refugees and Citizenship Canada (IRCC), a single student applying to study in any Canadian province or territory except Quebec must now show CAN$23,448 for one year of living expenses. The amount is separate from tuition fees and transportation costs.

Announcing the change, IRCC said it updates the financial requirements every year to keep pace with the cost of living and help protect international students from



exploitation.

The new requirement is higher than the previous amount of CAN$22,895, which applied to study permit applications submitted between January 1, 2025 and August 31, 2026. This means the requirement for a single student has increased by CAN$553.

For students travelling with family members, the required amount is higher. For two family members, including the applicant, the annual living expense requirement is CAN$29,192. For three family members, it is CAN$35,888, while four family members must show CAN$43,572.

The requirement rises to CAN$49,419 for five family members, CAN$55,736 for six and CAN$62,054 for seven. For every additional family member beyond seven, applicants must show another CAN$6,318.