The application fee for a Canada study permit is CAD 150, which is approximately INR 9,115. Beyond this fee, applicants must also demonstrate sufficient financial resources to cover their tuition, living expenses, and travel costs to secure their study permit.
When applying for a Canada study permit (often colloquially referred to as a study visa), there are two main financial considerations: the non-refundable application fee and the proof of funds required to show you can support yourself during your studies.
Canada Study Permit Application Fee
The direct cost for processing your study permit application is a fixed fee. This fee is essential for the Canadian government to process your application and is separate from any other expenses related to your education or stay in Canada.
- Study Permit Fee: CAD 150
- Study Permit Fee (INR Equivalent): Approximately INR 9,115
It's important to note that this fee covers the processing of your application and does not guarantee approval of your study permit.
Proof of Funds: Beyond the Application Fee
To be eligible for a Canada study permit, applicants must prove to Immigration, Refugees and Citizenship Canada (IRCC) that they have enough money to pay for their tuition, living expenses for at least one year, and travel costs. This ensures that international students can financially support themselves without needing to work excessively or rely on public funds.
The required amount for living costs varies slightly depending on the province or territory you plan to study in, with Québec having slightly different requirements. For students outside Québec, the current requirement is to show proof of funds for living expenses of at least CAD 20,635 per year, in addition to tuition fees.
Here's an overview of the estimated financial requirements for studying in Canada, including living costs and other expenses:
| Type of Expense | Cost in CAD | Cost in INR (Approx.) |
|---|---|---|
| Student Visa Fee of Canada | 150 | 9,115 |
| Living Costs in Canada (per year) | 37,526 | 22.80 Lakhs |
| Travel Expenses | 1,810 | 1.10 Lakh |
| Total Cost of Studying in Canada (Annual Range) | 67,401 to 1,14,030 | 41.00 Lakhs to 69.30 Lakhs |
- Living Costs: This amount covers accommodation, food, public transportation, health insurance, and personal expenses for one year. While the reference provides a figure, applicants should be aware of the official IRCC minimum requirement for living expenses when preparing their proof of funds.
- Travel Expenses: This typically includes the cost of a one-way flight ticket to Canada.
- Tuition Fees: The "Total Cost of Studying in Canada" range above primarily accounts for the average tuition fees, which vary significantly based on the program, institution, and province. This is often the largest component of your overall study expenses.
Essential Financial Planning Tips for International Students
- Demonstrate Liquid Funds: The funds you show must be readily accessible. This can include bank statements, GIC (Guaranteed Investment Certificate) investments, education loans, or scholarship letters.
- Account for Dependents: If you plan to bring family members with you, you will need to show additional funds for each accompanying dependent.
- Research Specific Costs: Tuition fees and living expenses can vary significantly by city and institution. Always check the specific costs for your chosen program and location.
- Proof of Funds Documentation: Gather official documents such as:
- Bank statements from the past four to six months.
- Proof of a Canadian bank account in your name, if you've transferred money to Canada.
- A Guaranteed Investment Certificate (GIC) from a participating Canadian financial institution.
- Proof of a student or education loan from a financial institution.
- Your bank statements from the past four months.
- A letter from the person or institution providing you with money, if applicable.
- Proof of a scholarship or funding from within Canada, if you have one.
By understanding both the study permit application fee and the comprehensive financial requirements for proof of funds, you can effectively plan your journey to study in Canada.
