Navigating the Proof of Funds Requirement: A Step-by-Step Guide

Learn how to meet Canada’s student visa proof of funds requirement with this simple step-by-step guide for international students.

What Is the Proof of Funds Requirement?

Ever wondered why Canada asks for proof of funds?

Think of it like showing your wallet before buying a ticket to a concert. Visa officers want to know you can cover tuition, living costs, and other expenses while studying in Canada.

For 2025, students need to show at least CAD 22,895 for living costs, plus tuition. That’s a lot of numbers, but don’t worry—we’ll break it down.

Step 1: Know What Counts as Funds

You can show money in different ways. Common options include:

• Bank statements – savings or checking accounts

• Scholarship letters – grants or awards from schools

• Education loans – approved student loans

• Parental support – with a clear declaration

The goal is to prove the money is available and accessible when you arrive in Canada.

Step 2: Organize Your Documents

Visa officers like clarity. Messy or incomplete documents can cause delays.

• Keep bank statements recent (usually last 4–6 months).

• Make sure all amounts are clear and in CAD or provide a currency conversion.

• Include support letters if someone else is funding your studies.

Think of it like packing for a trip—you want everything easy to find and well-organized.

Step 3: Show Stability Over Time

Sudden large deposits in your account can raise questions. Visa officers prefer steady, consistent savings.

• Avoid transferring big sums right before applying.

• Show a history of funds in your account over several months.

It’s like showing that you’ve been responsible with money, not just borrowing it last minute.

Step 4: Double-Check and Submit

Before submitting your application:

• Review all documents for accuracy

• Ensure totals meet or exceed the required minimum

• Attach all letters and statements neatly

A well-prepared application increases your chances of approval.

Final Thoughts

Meeting the proof of funds requirement doesn’t have to be confusing. Plan ahead, organize your documents, and show consistency.

Try this out and see if it works for you. With careful preparation, your study permit application can move smoothly toward approval. 🍁 Contact us today!

Navigating the Proof of Funds Requirement: A Step-by-Step Guide