Your Safest Route to Canadian Education
Educative Counselling, Transparent Processing, Responsive & Timely Updates
Educative Counselling, Transparent Processing, Responsive & Timely Updates
Immigration, Refugees and Citizenship Canada (IRCC) requires that international students have proof of financial support to cover their tuition fees and living expenses for the first year of their studies. This amount varies depending on the province or territory where you will be studying.
For example, in 2023, the minimum amount of proof of financial support required for international students studying in Ontario is CAD 10,000, plus CAD 4,000 for each accompanying family member.
In addition to your tuition fees and living expenses, you will also need to cover your travel expenses and other costs, such as books and supplies.
Here is a sample budget for an international student studying in Ontario for one year:
Total: CAD 25,000
It is important to note that this is just a sample budget. Your actual expenses may vary depending on your individual circumstances.
It is also a good idea to have some extra money saved up in case of unexpected expenses, such as a medical emergency or a change in your financial situation.
Here are some tips for managing your finances as an international student in Canada:
I hope this information is helpful. Good luck with your studies in Canada!