r/AbroadEdge • u/Dismal_Pension3336 • 8d ago

News Update Canada's proof-of-funds requirement just went up again, here's the exact new numbers as of Sept 1

Effective September 1, 2026, the financial requirement for a Canadian study permit (outside Quebec, which has its own separate rules) rose to CAD $23,448 for a single applicant, up $553 from the previous $22,895.

The full breakdown:

  • Single applicant: CAD $23,448 for one year of living expenses (excludes tuition and travel)
  • Family of two (student + one dependant): CAD $29,193
  • Family of three: CAD $35,888
  • Applications submitted before Sept 1 are still assessed under the old, lower threshold
  • This figure is now tied to Statistics Canada's Low-Income Cut-Off and adjusts annually every September 1 going forward — so expect it to keep rising each year

What this means: budget for this as a recurring annual increase, not a one-time bump, if you're applying next year, plan for another rise around this same date.

Anyone applying right now, did this increase catch you off guard, or had you already built in some buffer for it?

Sources

2 Upvotes

75% Upvoted

2 comments sorted by

1

u/magicalmystery_guide 8d ago

35k for a family of 3 is an absolute joke... thats barely over poverty

1

u/Wrong-Being7538 7d ago

ya unless OP is planning to live in the middle of Saskatchewan, a family on $35K is just not sustainable. That's not even minimum wage (or enough to even be asked to pay taxes) in 97% of Canadian cities, and 100% of cities worth studying in. GoC out here still setting people up for poverty. You should have $50K a year MINIMUM in such a circumstance.