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Financial Requirements

Depending on whether you are going study in Quebec, or any other Canadian Province or Territory, you need to show a certain amount of money to support yourself. If you are not able to show this required amount of funds, your application can be rejected.

When considering studying in Canada, one of the main requirements to keep in mind is that you will have to be able to prove that you can afford to study in Canada. This means that you have to be able to show that you have enough funds available to cover your first year of tuition as well as your living expenses, and the living expenses of any accompanying family members. If you cannot prove that you have enough money to cover these expenses, then your application will be rejected. Another important factor to keep in mind for applicants from certain countries is that if there are foreign-exchange control measures in your country, you must provide proof that the exchange control authorities will allow you to export funds for all of your expenses.

 

Depending on whether you are going study in Quebec, or any other Canadian Province the amount require for your living expenses will vary. The amount of money required to study in Canada is as follows:

 

 

Number of people included in the application All provinces except Quebec Quebec
Single Student only Tuition plus $10,000 Canadian Dollars for a twelve-month period Tuition plus $11,000 Canadian Dollars for a twelve-month period
Single Student plus one additional family member Tuition plus $14,000 Canadian Dollars for a twelve-month period Tuition plus $16,100 Canadian Dollars for a twelve-month period if they are 18 years of age or older OR Tuition plus $14,800 Canadian Dollars for a twelve-month period if they are under 18 years of age
For every other additional family member you add to your application, you will need to show this extra amount per twelve-month period Additional $3,000 Canadian Dollars per twelve-month period per additional family member Additional $5,125 Canadian Dollars per twelve-month period per additional family member who is 18 years of age or older OR Additional $1,903 Canadian Dollars per twelve-month period per additional family member who is under 18 years of age

 

 

Number of people included in the applicationAll provinces except QuebecQuebec
Single Student onlyTuition plus $10,000 Canadian Dollars for a twelve-month periodTuition plus $11,000 Canadian Dollars for a twelve-month period
Single Student plus one additional family memberTuition plus $14,000 Canadian Dollars for a twelve-month periodTuition plus $16,100 Canadian Dollars for a twelve-month period if they are 18 years of age or older OR Tuition plus $14,800 Canadian Dollars for a twelve-month period if they are under 18 years of age
For every other additional family member you add to your application, you will need to show this extra amount per twelve-month periodAdditional $3,000 Canadian Dollars per twelve-month period per additional family memberAdditional $5,125 Canadian Dollars per twelve-month period per additional family member who is 18 years of age or older OR Additional $1,903 Canadian Dollars per twelve-month period per additional family member who is under 18 years of age

If there are foreign-exchange control measures in your country, you must provide proof that the exchange control authorities will allow you to export funds for all of your expenses.

Read more about studying in Canada:

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