BREAKING NEWS – CANADA INCREASE IN PROOF OF FUNDS FOR STUDENT SEPTEMBER 1, 2025

🗓 IRCC (Immigration, Refugees and Citizenship Canada) has just announced that, as of September 1, 2025, the minimum financial requirements for international students applying for a study permit will rise significantly.

Current financial requirements are as follows:

📌 Key Points to Note:
→ You must prove access to this amount without relying on employment in Canada
→ The new thresholds apply to all applications submitted on or after September 1, 2025

📁 IRCC-accepted financial documents include:
✔ Proof of tuition and housing payments
✔ Canadian bank savings account
✔ GIC (Guaranteed Investment Certificate)
✔ Bank statements from the past 4 months
✔ Letter of financial support from an individual or organization
✔ Scholarship or sponsorship from a Canadian source

💡 Applicants from countries with foreign exchange controls must also demonstrate ability to transfer funds internationally.

🧭 SICON Immigration recommends:
→ Students, parents, and education advisors should update their financial plans now, especially if planning to apply after September 2025.

📩 Need help assessing your financial capacity, selecting the right proof of funds, or submitting your application before the increase takes effect?
Message SICON Immigration today.