Visas Avenue Pvt Ltd is an Authorized Agent of IDP Education for IELTS Test Registration | PVisas Avenue Pvt Ltd is an Authorized Agent of IDP Education for IELTS Test Registration

All the international students enrolling for study program in Canada must show a proof of funds, i.e., proof of financial support. It’s an important document and serves as a proof that the applicants are capable enough to financially support themselves, and any accompanying family members, while studying in Canada.

Applicants must submit the following as proof of funds:

  • Canadian bank account issued in your name if you have transferred the money
  • Guaranteed Investment Certificate (GIC) from a financial institution in Canada
  • Student or education loan proof issued by a bank
  • Bank statements for last 4 months
  • Bank draft that can easily get converted to Canadian dollars
  • Proof that you have already paid tuition fees and housing fees
  • Letter from your school or a person who is giving you money
  • Proof of any funding paid to you within Canada, like, a scholarship or Canadian-funded educational program proof

Minimum funds requirement for a student in Canada (Outside Quebec)

Number of Persons

Funds required annually (doesn’t include tuition)

Funds required monthly (additional to the tuition)

You (the student)



First family member



Every additional accompanying family member




Fees requirement for Canada study permit (including extensions)


Fee $CAN

Study permit (including extensions) – per person


Restore your status as a student


Restore your status ($200) and a get a new study permit ($150)



Apart from this, you are required to meet other key Canadian study permit or student visa requirements and submit right documents and complete application as well.

To know more about the entire Canada student visa process and admission process in detail, you may connect to our team of education and study visa councilors at Visas Avenue.

You may reach us on Toll-Free No. 78-18-000-777 or drop an email at

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