The minimum bank balance required for a Canadian student visa (Study Permit) is CAD 20,635 for 2024, excluding tuition fees. This amount covers living expenses for one year, as mandated by Immigration, Refugees and Citizenship Canada (IRCC).
Applicants must provide proof of funds through bank statements, scholarships, or sponsor letters. Additional funds are required for accompanying family members. The balance must be verifiable and liquid, ensuring the student can sustain themselves during their studies. Requirements may vary slightly by province due to differing living costs.
