Canada Raises Proof of Funds for International Students

Effective September 1, 2026, Canada has raised the minimum proof of funds requirement for international students, including those from Nigeria, to obtain a study permit. This new regulation applies to applicants across all Canadian provinces and territories, excluding Quebec.

Students must show they can cover living expenses, tuition fees, and return transport without depending on employment in Canada. The amounts required cover one year of living expenses and exclude tuition and transportation costs, which must be shown separately.

Applicants must provide documentation confirming the availability of these funds at the time of application. Those enrolled in programs longer than one year must also outline funding for subsequent years.

Acceptable proof includes bank statements, scholarships, and letters from financial sponsors. Nigerian applicants face additional challenges, needing to demonstrate legal access to funds from their home country.

This change necessitates careful financial planning ahead of application deadlines.