How much funds are required to get a Canadian student visa 2021

How much funds are required for Canada student visa in 2021?

Study in Canada 2021

Canada is one of the strongest economies currently inviting thousands of international students and immigrants every year. With numerous universities and colleges in Canada ranking high on the QS standards attract Indian students every year. With immigration policies in favor of talented international students and immigrants, the plethora of options in terms of courses and choices are immense. Going forward we would be discussing the Canada student visa requirements.

Canada study requirements

For choosing a Canada study program one must be have a good academic record, also one must meet the language requirement and also have sufficient financial funds. Also for the admission to a Canadian university or college one must have a statement of purpose defining the reasons and give detailed account of choosing the particular course.

For meeting the Canada study visa requirements in 2021 for obtaining a TRV or temporary resident visa one must meet the following:

  1. Course relevance– Our Canada study visa consultants at West Highlander advise student to choose a course which is relevant to their previous study. For example you have 12th with non medical then naturally if you choose a B Tech course would be beneficial. However, if your interest lies in some other domain and course one must have valid reasons to explain in statement of purpose.
  2. English language ability– IELTS/PTE/TOEFL are some of the accepted English language proficiency score. For diploma and graduate level course one needs a minimum IELTS score of 6 overall and no less than 5.5 in one of the module. One can apply under SDS or Non SDS depending on their scores along with the funds requirement.
  3. Letter of Explanation– Is another requirement your Canada study advisor would guide you on. The study requirement from any university or college is to have a well drafted and frame statement of purpose for choosing the course, college/university and goals for the future.
  4. Financial ability– One must have sufficient funds as required for having success with Canada student visa in 2021. In case you have sufficient funds to pay for the complete financial year then one can apply under the SDS category along with meeting the language requirement. In case one has 5.5 bands in one module of IELTS with just sufficient funds for the first semester to begin one must have valid documents to prove how he/she will pay in the future and fee receipt from the university or college. Also one would have GIC for CAD 10,000 to cover cost of living and expenditure in Canada.


Canada student visa financial document requirement in 2021
Cost of Studying in Canada

Following are the Canada student visa document requirements in 2021 for applicants planning to apply for Canada study visa. One must be able to prove that the student can support himself and in case a family member is planning to accompany enough funds for them must be available.

One can prove funds and financial document requirement in 2021:

  1. Proof of a Canadian bank account in name of student with transferred money to Canada.
  2. Guaranteed Investment Certificate (GIC) from a participating Canadian financial institution.
  3. Proof of a student or education loanfrom a bank.
  4. Bank statements for the past 4 months.
  5. A bank draft that can be converted to Canadian dollars.
  6. Fee receipt for tuition fee paid at the DLI and rent or accommodation receipt.
  7. A letter from the person or school giving you money or
  8. Proof of funding paid from within Canada, if you were given a scholarship or are in a Canadian-funded educational program.
Minimum funds: All provinces except Quebec
Persons coming to Canada Amount of funds required per year (additional to the tuition) +additional funds required per month
You (the student) $10,000 + $833
First family member $4,000+$333
For each additional accompanying family member $3,000 + $255
Minimum funds for Quebec
Persons coming to Canada Amount of funds required per year (additional to the tuition) +additional funds required per month
You (the student) $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


West Highlander as Canada study advisor

Whether you are planning to enroll for Canada study program or in need of answer to your queries, West Highlander is one of the leading immigration firms actively providing solutions and successful results for last 15 years. Our registered and licensed services ensure that we offer tailor made solutions in reasonable prices with efficiency to our clientele. We understand that studying overseas or immigration is a huge decision one takes and one requires services of the most trusted name. Our efforts have resulted in thousands of successful applicants now settled in numerous countries.