Canada Increases Cost of Living Funds for International Students 2025 | What Indian Students Need to Know

Canada has raised the minimum proof of funds for international students

📌 Why Has Canada Increased the Financial Requirement for Study Permits?

Immigration, Refugees and Citizenship Canada (IRCC) recently announced a significant policy change that directly affects all new international students. Starting January 1, 2025, anyone applying for a Canadian study permit must prove they have at least CAD $20,635 available for living expenses — double the previous requirement of CAD $10,000.

According to IRCC, this update aligns the fund’s requirement with 75% of Canada’s Low-Income Cut-Off (LICO), ensuring students can meet actual living costs and reduce financial hardships.

🇮🇳 What Does This Mean for Indian Students Planning to Study in Canada?

India continues to be the largest source of international students in Canada, making this change especially important for Indian applicants. With tuition fees, travel costs, and now higher living expense requirements, families must prepare more diligently.

At WorldImmigrationTerminal.in, we recommend students and parents start budgeting early and explore education loans or scholarships to meet these new criteria without stress.

💰 New Financial Requirements for Canada Student Visa in 2025

This means a typical Indian applicant must now show total proof of funds exceeding CAD $30,000-$40,000, depending on tuition.

Why Did IRCC Implement This Change?

The outdated CAD $10,000 benchmark, unchanged for nearly two decades, was no longer realistic. Rising rents, food, transportation, and other living costs have made it crucial to update this amount. This adjustment will help:

Ensure international students can sustain themselves in Canada
Prevent financial exploitation or stress
Maintain the credibility of Canada’s international education program

How Can Indian Students Prepare for These New Canada Visa Requirements?

Start saving early: Factor in tuition, living, and emergency costs.
Explore scholarships & assistantships: Many Canadian institutions offer funding.
Consider education loans: Ensure you can show sufficient liquid funds.
Seek professional guidance: Immigration experts like us can help you build a compliant financial profile.

How We Help at WorldImmigrationTerminal.in

We specialize in Canada study visas for Indian students under the latest IRCC guidelines. From preparing your financial documents to assisting with GIC accounts and securing admission letters, we handle it all.

Book a free consultation today to understand your options and build a roadmap for studying in Canada in 2025.

Key Takeaways

• New IRCC rule: Minimum living expense proof increased to CAD $20,635 starting January 2025.

• This applies to all new international students, including thousands from India.

• Plan your finances well ahead to meet these updated Canadian student visa requirements.

Ready to Study in Canada Under the New Rules?

Visit us at WorldImmigrationTerminal.in or call +91-7087111180
Your Canadian study dream deserves expert guidance!