Studying in Canada just got costlier: Ottawa tightens financial bar; here’s what it means for Indians students

Studying in Canada will now be costlier after Ottawa’s new, stricter financial necessities for examine allow candidates.

The Canadian authorities’s newest pointers for worldwide students goal to make sure that they’re extra financially safe throughout their time in the nation with out having to take up a job there. The new pointers will come into impact on 1 September 2025.

What will change?

The revised coverage mandates potential worldwide students, together with these from India, to show ample financial capability to cowl their tuition charges, greater residing bills, and transportation prices with out counting on employment in Canada.

Therefore, after September, the Indian students planning to review in Canada must be sure that they’ve ₹14,33,861 (CAD $22,895) per yr in their checking account because the cost-of-living requirement. This is excluding tuition charges.

This cost-of-living requirement for a single applicant has risen from the earlier threshold of CAD $20,635 ( ₹12,92,322).

The required funds will scale upwards relying on the variety of accompanying members of the family. For instance, an applicant with two dependents will now have to indicate ₹21,94,475 (CAD $35,040) in out there funds yearly.

The adjustments apply to all provinces and territories, with particular provisions for Quebec.

For Quebec:

Indian students wishing to review in Quebec should meet separate financial necessities set by the ministère de l’Immigration, de la Francisation et de l’Intégration.

In addition to tuition, the worldwide students planning to review in Quebec should present funds to cowl transportation, residing bills, settlement charges, and medical insurance.

1. Cost-of-living requirement

One individual

• Under 18: ₹4,85,682 (CAD $7,756)
• 18 or over: ₹9,71,113 (CAD $15,508)

Two individuals

• 18 or over: ₹14,24,294 (CAD $22,745)
• 18 or over and one individual below 18: ₹15,95,498 (CAD $25,479)
• Two individuals below 18: ₹17,21,990 (CAD $27,499)

3. Settlement charges (first yr solely): ₹31,310 (CAD $500)

4. Proof of well being and hospital insurance coverage for the total period of keep, except exempt below Quebec’s insurance coverage agreements.