New Cost of Living Increase For Canada Study Permits Effective September 2025

Canada is raising the minimum funds requirement for international students applying for study permits (outside Quebec), to reflect the growing living costs across the country.

📈 What’s Changing?

• New living expense thresholds effective September 1, 2025:

  • 1 student: CAN $22,895 (up from $20,635)

  • 2 people: $28,502

  • 3 people: $35,040, etc.

• This update reflects a 10.95% increase, aligning with Canada’s Low‑Income Cut‑Off (LICO) index

🎯 Why This Matters

• Ensures students have enough funds to support themselves without relying on work

• Protects against financial vulnerability and exploitation

• Demonstrates Canada’s commitment to maintaining transparent and fair immigration standards

💼 What Counts as Proof of Funds?

Acceptable documentation includes:

• First year tuition + housing receipts

• Guaranteed Investment Certificate (GIC)

• Canadian bank statements or accounts

• Education loan documents

• Bank drafts, how much time honourable letters (sponsor)

• Scholarships or Canadian-funded program proof

🛑 What If You’re Applying Before September 1, 2025?

Your application falls under the current requirement:

• Single: $20,635/year

• Plus family members: scaled increments accordingly

Ensure you submit before the deadline to lock in the current, lower thresholds.

🌍 Need help preparing your application?

Book a consultation with Lyc Immigration today! Our experts will guide you through all requirements, document preparation, and ensure you’re fully ready for a seamless study permit application.