How Much Money Do I Have To Show The Canadian Embassy To Get A Student Visa ?
A very popular question around the Canadian student visa process is how much to show the Canadian embassy when applying for a student visa to Canada? The answer is pretty straightforward. All you need to work on is arranging enough funds that will support your living expenses while you are in Canada as a student and your tuition costs as well.
So basically if you are looking at about $10,000 to $15,000 CDN as your living expenses, you will need to add to that the cost of your education, basically your tuition costs and that is the amount you need to show to the Canadian Embassy. You can show financial proof in the form of your bank statements (usually for a period of 6 months) or you can show a letter of sponsorship along with the sponsors bank statements showing the required funds.
Additionally, if you’ve qualified for a scholarship or grant be sure to show documented proof for the same. This will help in lowering the amount of money that you need to show.
We get many questions on this top and I hope this answers the question. A sampling of the questions are below.
- “Can someone tell me the amount of money we have to show the Canadian embassy for a student visa ?”
- “How much bank balance is required for a Canadian student visa?”
- “Can I show a relatives bank account towards my student visa for Canada?”
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The fee for a Canadian Study Visa is $125 CDN.
In regards to what financial documents you have to show, you will have to show officials your last four monthly banking statements, a bank statement from a Canadian bank showing that you have one opened, any financial scholarships or assistance from the college (you can obtain this from the university). You will have to show that you will not become a burden to taxpayers and therefore you should check the cost of living in the town/city you plan on residing. Get an average yearlymedian salary from that town/city and then multiply it by the number of years you plan on studying. For example, if you plan on living in New Brunswick and the average median salary there is $35,000 a year, and you plan on studying for two years, you should have at least one year’s salary to cover you while studying UNLESS you plan on workingw hile studying. In that case you will have to present proof of employment while in Canada and most likely officials will waive a large financial requirement before issuing you a visa.
how much loan do i have to take in order to apply for a canadian visa
How much bank balance is required for study in canada?
[...] How much money to show to get a student visa for Canada? This question has been asked many times over and is one of the top questions when it comes to Canadian student visas. The rule of thumb to use here is that you have to show enough money to cover your tuition costs and the cost of living in Canada. So for example, if the cost of living in Canada is about $10,000 CDN then you have to show this amount plus the cost of your tuition. [...]