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Canada raises financial proof requirement for international student permits

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Canada has introduced updated financial requirements for international student study permit applicants, effective from the current date. Single applicants outside Quebec must now demonstrate CAD $23,448 in available funds, reflecting a $553 increase over the previous threshold. Families seeking permits will also face higher financial benchmarks under the revised rules. The changes are aimed at ensuring students can meet rising living costs during their studies. These new criteria will apply to all applications submitted after September 1, 2026.

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Canada raises financial proof requirement for international student permits · ShortSingh