How Much Bank Balance Do You Need for a Canadian Student Visa?
Canada continues to be a top destination for Indian students planning to study abroad due to its world-class universities, work opportunities, and friendly immigration policies. Securing a Canada student visa is the crucial first step to making your dream of studying in Canada a reality. This guide explains all the essential visa requirements, process changes for 2025, bank balance rules, and important tips tailored for Indian aspirants.
Canada Student Visa 2025: Key Highlights & Changes
| Parameter | Details (2025 Update) |
|---|---|
| Official Visa Name | Canada Study Permit |
| Visa Processing Authority | Immigration, Refugees and Citizenship Canada (IRCC) |
| Minimum Bank Balance (from Sept 2025) | CAD 22,895 (₹14 lakh) |
| Application Fee | CAD 150 (approx. ₹9,100) |
| Additional Fees | Biometrics (CAD 85), eTA (CAD 7, if required) |
| Standard Processing Time | 10 weeks (regular); 20 days (SDS, now closed) |
| New Rules (2025) | Higher bank balance proof, increased part-time work hours (24/week), SDS stream discontinued |
| English Proficiency | Mandatory (IELTS/TOEFL/PTE/Duolingo accepted) |
With updated financial requirements and streamlined processes, understanding the latest Canada student visa rules is essential. For 2025, applicants must show higher proof of funds, use the new IRCC Secure Account, and adhere to new work hour allowances.
Top Canadian Universities for International Students
| University | QS World Rank (2025) | Top Programs | Annual Tuition (CAD) |
|---|---|---|---|
| University of Toronto | 21 | Engineering, Life Sciences, Computer Science | 39,000–61,000 |
| University of British Columbia | 34 | Business, Medicine, Environmental Science | 38,000–56,000 |
| McGill University | 29 | Arts, Science, Medicine | 30,000–53,000 |
| See More Canadian Universities | Browse more top choices & details for 2025 | ||
Canadian universities offer high-quality education, industry-relevant programs, and a multicultural campus experience. Compare options to find the perfect fit for your goals.
Eligibility Criteria & Required Exams (2025)
- Valid passport and admission offer from a Designated Learning Institution (DLI)
- Proof of sufficient funds for tuition, living, and travel (CAD 22,895+ from Sept 2025)
- Police Clearance Certificate (PCC) with no criminal background
- Complete medical examination by IRCC-approved physician
- Statement of Purpose (SOP) explaining study intent
- English Proficiency: Mandatory scores in IELTS/TOEFL/PTE
| Exam | Minimum Score (UG) | Minimum Score (PG) |
|---|---|---|
| IELTS (Academic) | 6.0 overall (no band below 5.5) | 6.5 overall (no band below 6.0) |
| TOEFL iBT | 80 | 90 |
| PTE Academic | 60 | 65 |
| IELTS Exam Details | PTE Exam Information | |
Universities may set higher English proficiency cutoffs for competitive programs. Check individual requirements prior to application. For translation of Indian grades/GPA for admission, see how to convert CGPA.
Fees, Scholarships, and Living Expenses
| Expense | Estimated Amount (2025) |
|---|---|
| Annual Tuition Fees | CAD 15,000 – CAD 60,000 |
| Living Expenses (as per visa) | CAD 22,895 (from Sept 2025) |
| Medical Exam, PCC, Documentation | INR 4,000 – 7,000 |
| Visa & Biometrics Fee | CAD 235 (approx. INR 14,300) |
| Scholarships | Merit-based, Need-based, and External – see options below |
- Government Scholarships: Shastri Indo-Canadian Institute, Vanier Canada Graduate Scholarships
- Institutional Funding: University-specific scholarships (UG & PG)
- External Awards: Commonwealth, Ontario Graduate Scholarships, etc.
- Explore more at: Scholarships for Indian Students
Plan your finances by evaluating tuition, cost of living, GIC, and additional visa-related expenses. Many students offset costs by applying for scholarships or education loans for Canada.
Step-by-Step Canada Student Visa Application Process (2025)
- Secure admission to a recognized Canadian DLI
- Gather required documents: passport, offer letter, proof of funds, SOP, PCC, medical report, etc.
- Create an IRCC Secure Account online at the official portal
- Complete online application form, upload documents, and pay visa fee (CAD 150 + biometrics fee)
- Book and attend a biometrics appointment
- If required, attend the visa interview and respond to document requests
- Track status via IRCC account; await approval and letter of introduction
- Upon arrival in Canada, present documents to CBSA to receive your study permit at the port of entry
The 2025 process moves fully online (no IRCC old portal). Applications after March 25, 2025 must use the updated IRCC Secure Account system. Prepare early to accommodate increases in documentation and proof of funds requirements.
Canada Student Visa Document Checklist (2025)
- Valid passport (must cover intended duration of study)
- Letter of acceptance from DLI
- Proof of payment: tuition receipts, GIC certificate
- Proof of funds (recent bank statements/education loan/scholarship letter)
- Police Clearance Certificate (PCC)
- Medical report from IRCC-approved physician
- Photographs (as per IRCC specs)
- English language test scores (IELTS/TOEFL/PTE)
- Statement of Purpose (300–500 words)
- Provincial Attestation Letter (PAL) – if required
Refer to the official GIC Canada guide for details on financial proof and eligibility for Indian students.
Canada Student Visa Fees & Processing Time (2025)
| Fee Type | Amount (2025) | Details |
|---|---|---|
| Visa Application Fee | CAD 150 | Per applicant |
| Biometrics Fee | CAD 85 | Mandatory for Indian applicants |
| Restoration (if needed) | CAD 350 | For status restoration |
Processing generally takes 10 weeks but may vary. For best results, apply at least 3 months before your intended intake. See accurate timelines and more at Canada PR requirements.
Working Part-Time with a Canada Student Visa (2025)
- Maximum 24 hours/week during term (from Nov 2024; previously 20 hours)
- Full-time allowed during semester breaks
- Popular options: Tutoring, server/bartender, freelance, TA positions
- Average wage: CAD 11–25 per hour depending on job
Part-time work helps students support expenses and gain Canadian work experience. Always comply with visa rules to keep status secure.
Post-Study Work & PR Pathways: 2025
- Post-Graduation Work Permit (PGWP): Up to 3 years after graduation (course & DLI must be eligible)
- Important 2025 Update: Non-degree and some diploma programs are no longer eligible for PGWP
- 119 new courses now PGWP-eligible, 178 removed—check program eligibility
- Path to Permanent Residency (PR): Express Entry, PNPs for graduates
Graduates from eligible Canadian programs enjoy several routes to PR and high-paying careers. To explore top post-study jobs, visit highest paying jobs in the world.
Summary Table: Step-by-Step Canada Student Visa Process (2025)
| Step | Action |
|---|---|
| 1 | Apply & get admission from a Designated Learning Institution (DLI) |
| 2 | Gather required documents and proof of funds (CAD 22,895+ from Sept 2025) |
| 3 | Create IRCC Secure Account, fill application online |
| 4 | Pay visa fee and biometrics fee |
| 5 | Submit biometrics at local VAC |
| 6 | Complete medical check, PCC, and submit supporting documents |
| 7 | Track status, receive decision, and travel to Canada with Letter of Introduction |
| 8 | Obtain study permit at port of entry (Canadian airport) |
Planning ahead, keeping documents organized, and monitoring IRCC updates are key for a successful Canada study visa journey. Learn more about academic requirements at academic transcripts and preparing your SOP at SOP guide.
Canada’s student visa process in 2025 emphasizes higher financial proof, English proficiency, and compliance with new IRCC policies. Starting early and staying updated with official announcements ensures a smooth application. With excellent universities, vibrant multicultural environments, and post-study work options, Canada remains a leading global choice for Indian students in the 2025 admission cycle.
FAQs on Step-by-Step Guide to Getting a Canada Student Visa in 2025
1. Is it difficult to get a Canadian student visa?
Getting a Canadian student visa is generally straightforward if you meet all eligibility requirements and provide the correct documentation. However, approval depends on factors like your academic background, proof of funds, genuine study intent and documentation accuracy. A well-prepared application greatly improves your chances.
2. How much money do you need to get a student visa in Canada?
To apply for a Canadian student visa, you must show enough funds to cover tuition fees plus a minimum living expense amount. As of 2024, you need to prove at least CAD 20,635 per year (outside Quebec) for living costs, in addition to your first year's tuition and travel expenses. This amount was updated by IRCC for 2024 and may increase in 2025.
3. What are the steps for student visa in Canada?
The process to get a Canadian student visa (study permit) usually includes:
1. Get an admission letter from a Designated Learning Institution (DLI) in Canada.
2. Gather required documents (passport, proof of funds, acceptance letter, photographs, etc).
3. Apply online through the IRCC portal and pay the application fee.
4. Submit biometrics (if required) and attend an interview (if requested).
5. Wait for a decision and, if approved, receive your study permit approval letter.
4. How much bank balance is required for a Canada student visa?
You need to show a minimum bank balance of CAD 20,635/year as proof of financial support for living expenses, plus tuition fees for the first year and return transportation. If you are studying in Quebec, the required amount is different (CAD 15,078/year as of 2024).
5. What are the Canada student visa requirements for 2025?
Canada student visa requirements for 2025 include:
- Letter of acceptance from a DLI
- Proof of funds (minimum CAD 20,635/year plus tuition)
- Valid passport
- Passport-size photos
- Statement of purpose (study plan)
- Medical exam (if required)
- Police certificates (if required)
6. What documents are required for a Canada student visa?
Documents required for a Canadian student visa application typically include:
- Valid passport
- Letter of acceptance from a DLI
- Proof of funds
- Passport-size photographs
- Study plan or SOP
- Proof of payment (tuition fee receipts)
- English language proficiency results (IELTS/TOEFL, if required)
7. What is the processing time for a Canada student visa?
Processing time for a Canadian student visa varies by country and application volume, usually ranging from 2 weeks to 3 months. It is advisable to apply well before your program starts. Check the IRCC official website for current processing times for your country.
8. Can US citizens get a student visa for Canada?
Yes, US citizens must also obtain a study permit to study in Canada. The process is the same, although border procedures may be simpler. US citizens can apply online or on paper and usually do not require a Temporary Resident Visa (TRV).
9. Can I visit the USA while studying in Canada on a student visa?
Yes, international students in Canada can visit the USA during their studies, but must meet US entry requirements (including a US visa if required for your nationality). Ensure your Canadian study permit and visa are valid for re-entry to Canada.
10. Can I travel outside Canada on a student visa?
You can leave and re-enter Canada with a valid study permit and entry visa (TRV or eTA). Always carry all documents when travelling, and ensure your visa or eTA is not expired before returning to Canada.
11. What is the Canada student visa checklist?
A Canada student visa checklist includes:
- Admission letter from a DLI
- Filled application form
- Valid passport
- Proof of funds
- Tuition payment receipts
- Passport photos
- Statement of Purpose
- English/French proficiency test results
- Medical and police certificates (if required)
12. Has IRCC updated the proof of funds amount for Canada study permit?
Yes, IRCC increased the proof of funds requirement in 2024 to CAD 20,635 per year for living expenses (outside Quebec) and may update amounts again for 2025. Always check the official IRCC website for the most current requirements before applying.
