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Canada Study Permit Proof of Funds Calculator

See exactly how much money to show for a Canada study permit — IRCC's $22,895 minimum, family amounts, GIC, tuition & travel. Updated 2025–26 table.

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Living costs & tuition scale to this length.

Enter the amount your Letter of Acceptance actually states. Presets are rough averages.

Funds to prove for your study permit

≈ CAD

Breakdown

Total funds to show

Monthly living estimate

Preset for . Drag to match your reality.

Requirements change — verify before you apply. Figures use the IRCC minimum-funds table in force since September 1, 2025: cost-of-living for one person, rising non-linearly with family size (e.g. for two, for three), plus first-year tuition and travel. A GIC of is a common way to prove the living funds. Note: IRCC discontinued the Student Direct Stream (SDS) in November 2024 — a GIC no longer fast-tracks processing but remains strong proof of funds. Quebec sets its own thresholds. IRCC updates these amounts every year — always confirm current numbers and your eligibility on the official Government of Canada website or with a licensed RCIC.

Why you’ll love Canada Study Permit Proof of Funds Calculator

Instant & freeNo signup, no paywall, no limits — Canada Study Permit Proof of Funds Calculator works the moment the page loads.
Completely privateEverything runs in your browser. Nothing you enter is ever uploaded or stored on a server.
Works on any deviceFully responsive and touch-friendly — use it on your phone, tablet or desktop.
Canada-readyReflects current Canadian programs — a great planning estimate.

How to use it

  1. 01

    Open it

    No download and no login — the tool is ready right at the top of this page.

  2. 02

    Use it

    Enter your details or start interacting. Everything updates live as you go.

  3. 03

    Get your result

    Copy, download or share your result in a single tap. That’s it.

About Canada Study Permit Proof of Funds Calculator

This calculator totals the proof of funds you need to show for a Canada study permit: the IRCC minimum cost of living for your family size, first-year tuition as stated on your Letter of Acceptance, travel for everyone coming with you, and a safety buffer. It then checks your plan against the official minimum and flags any shortfall before a visa officer does.

The figures come from the IRCC minimum-funds table in force since September 1, 2025: $22,895 in living funds for a single applicant studying outside Quebec, rising non-linearly with family size — $28,502 for two people, $35,040 for three, up to $60,589 for seven, plus $6,170 for each additional member. Living costs start from a per-province monthly preset (Ontario, BC, Alberta and the rest all differ) that you can drag to match your real rent, with accompanying family costed at 60% of the primary rate, and they scale to your program length.

One important 2026 reality the tool reflects: IRCC discontinued the Student Direct Stream (SDS) in November 2024, so buying a GIC no longer fast-tracks processing — but a $22,895 Guaranteed Investment Certificate remains one of the strongest proofs of living funds, and the calculator supports both a GIC route and the regular stream. You can view every figure in CAD, INR, USD, NGN, PHP, EUR or GBP, then copy or download a breakdown that includes a proof-of-funds document checklist. Everything runs in your browser; your finances are never uploaded anywhere.

Popular uses

  • ✦ Total the exact funds to show before booking a study permit application
  • ✦ Check whether a GIC plus savings clears the IRCC minimum for your family size
  • ✦ Convert the full requirement into INR, NGN or PHP for parents and sponsors
  • ✦ Compare realistic monthly living budgets between Ontario, BC and cheaper provinces
  • ✦ Education consultants preparing a documented proof-of-funds checklist for clients

Frequently asked questions

How much money do I need to show for a Canada study permit in 2026?
For study outside Quebec: first-year tuition plus at least $22,895 CAD in living funds for a single applicant, under the IRCC table in force since September 1, 2025. The living amount rises with family size — $28,502 for two people and $35,040 for three — and IRCC updates the table annually, so always verify the current figure on the official site before applying. Travel costs come on top.
Is a GIC still required now that the Student Direct Stream is discontinued?
A GIC was never mandatory for the regular stream, and since IRCC ended SDS in November 2024 it no longer buys faster processing for anyone. That said, a Guaranteed Investment Certificate from a Canadian bank — typically $22,895, matching the single-applicant living minimum — is still one of the most convincing proofs of funds an officer can see, because the money is already in Canada and paid back to you monthly after arrival. The calculator lets you toggle it on or off and shows how it affects your total.
Does the required amount change if my spouse or children come with me?
Yes, and not linearly. IRCC publishes a separate living-cost minimum per family size ($22,895 for one, $28,502 for two, $35,040 for three, and so on), so a second person adds about $5,600 while a third adds about $6,500. The calculator picks the correct row automatically from your spouse and children inputs, adds travel per person, and warns you if your GIC, living funds and buffer fall below the federal minimum for your household.
What documents count as proof of funds for a study permit?
Commonly accepted evidence includes a GIC certificate from a Canadian bank, bank statements covering the past four months, an education loan approval or sanction letter, receipts for tuition and housing already paid, a sponsor letter with the sponsor's proof of income such as tax returns, and scholarship or funding award letters. The breakdown this tool copies or downloads ends with exactly this checklist so you can tick documents off as you gather them.
Do these amounts apply to studying in Quebec?
No — Quebec sets its own financial-capacity thresholds for the CAQ and study permit, separate from the federal $22,895 table. If you are heading to a Quebec institution, use this calculator for a realistic overall budget (tuition, travel, monthly living), but confirm the current Quebec minimums with the province before you apply.
Is Canada Study Permit Proof of Funds Calculator free to use?
Canada Study Permit Proof of Funds Calculator is 100% free — no signup, no watermarks and no usage limits. It’s one of 200+ free tools we build and give away.
Is this official government advice?
No — it’s a free, accurate planning estimate. Always confirm final details with IRCC, the official Canadian authority.

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