Which Documents Prove Your Financial Capability for a Canada Study Visa?

When applying for a Canadian study permit, having the right financial documents is as important as having the money. These documents verify that you can actually access the required funds during your stay.

To get a Canada study visa in 2025, students must provide proof of financial capability. Accepted documents include recent bank statements, Guaranteed Investment Certificate (GIC), student loan letters, and sponsor affidavits. As per the latest IRCC updates, CAD 20,635 is the minimum fund requirement.

These documents ensure you're financially prepared for tuition, living expenses, and other costs in Canada.

Accepted Proof of Funds Documents:

• Bank account statements (past 4-6 months)

• Proof of education loan from a recognized bank

• Guaranteed Investment Certificate (GIC) - mandatory for SDS applicants

• Scholarship or financial aid letters

• Letter from a sponsor (with their bank proof)

• Proof of income (yours or sponsor's salary slips, business income, etc.)

Additional Tips:

• Ensure documents are in English or French, or provide certified translations.

• Avoid large, unexplained deposits.

• Show funds are readily available (liquid assets).