Canada increases financial evidence for international students in 2025
As of September 2025, the financial proof required for a student visa (Study Permit) will increase, reflecting the increase in the cost of living in the country.
What changed in the financial statement?
Immigration, Refugees and Citizenship Canada (IRCC) has established that, as of September 1, 2025, individual students will need to prove CAD $22.895 per year for your living expenses, excluding the course fee. This amount represents an increase of CAD $2,260 compared to the previous amount of CAD $20,635.
Key changes:
- Current value (until August 31, 2025): CAD $20,635
- New value (as of September 1, 2025): CAD $22,895
- Percentage increase: Approximately 11%
- Application: All provinces except Quebec
This change comes in response to the real increase in cost of living in Canada.
Why was this change implemented?
The Canadian government justifies this increase as a necessary measure to ensure that international students have sufficient resources to support themselves adequately during their studies.
In addition, the measure aims to reduce situations in which students arrive in the country without adequate resources, which can lead to financial difficulties and, in some cases, illegal work to supplement their income.
How does this affect Brazilian students?
For those who are planning Do an exchange in Canada in 2025, this change requires more careful financial planning. Considering the current exchange rate of the Canadian dollar.
Practical impact:
- The need for greater financial planning in advance
- Increase in the quality of genuine students who apply for the visa
- Possible increase in demand for paid co-op programs
- Greater importance of choose between public and private college considering the costs
Alternatives to reduce costs
Even with the increase in financial evidence, there are strategies to optimize your resources in Canada:
1. Programs with Co-op
Os College Co-op programs in Canada allow students to work for part of the course, helping to supplement their income and gain professional experience simultaneously.
2. Public vs Private Colleges
Os Public Colleges in Canada generally offer more affordable monthly fees, while private colleges with co-op can provide faster financial returns through paid internships.
3. Cities with the lowest cost of living
Consider studying in provinces like Saskatchewan and Manitoba, which traditionally have lower living costs than Toronto or Vancouver.
Tips for organizing your financial statement
Accepted documents:
- Bank statements for the last 3 months
- Letter of financial sponsorship with proof of income
- Combination of the above documents
Important strategies:
- Plan ahead: Start organizing resources at least 12 months before the application
- Diversify sources: Combine own, family resources, and possible scholarships
- Maintain consistency: The amounts must be consistently available in the statements
Is Canada still attractive?
Despite the increase, Canada maintains its position as one of the most sought after destinations for international education. Why does the country attract so many international students? The answer goes beyond costs: quality of education, job opportunities during and after studies, and paths to permanent immigration.
Advantages that remain:
- Permission to work 24 hours a week during studies
- Possibility of a Post-Graduation Work Permit (PGWP)
- Paths to permanent residence in Canada
- Globally recognized education
- Multicultural and welcoming environment
How to prepare for the new requirements
Recommended Timeline:
12 months ago: Start financial planning, research programs, and enroll
9 months ago: Start organizing documents and resources
6 months before: Apply for a visa with all documentation ready
3 months before: Finalize preparations and confirm accommodation
The change in financial evidence may seem like an obstacle, but with proper planning and expert guidance, it is still possible to fulfill the dream of studying in Canada. The important thing is to view this requirement as part of a solid investment in your professional future.
Be Easy: turning challenges into opportunities
Na Be Easy, we understand that these changes may raise concerns, but our experience allows us to guide you through all processes and requirements. We offer personalized advice to organize your financial statement, choose the ideal program for your profile, and ensure that you are fully prepared for this transformative journey. Contact us and discover how we can help you fulfill your dream of studying in Canada, even with new financial requirements!
