Living Cost Requirements for international student to study in canada

Increased Living Cost Requirements for International Students in Canada | IRCC New Rules for International Students

Breaking! IRCC has announced new rules for international students, and the living cost requirements have been increased in Canada for international students. As of January 1, 2024, Immigration Refugees and Citizenship Canada (IRCC) has raised the financial requirement (cost-of-living) for single study permit applicants from $10,000 to more than double to $20,635. 

This cost is in addition to the first-year tuition fee and travel cost of coming to Canada that an international student has to incur. This increase will apply to all new study permit applications received on or after January 1, 2024.

The IRCC also announced that the new financial guidelines will be applied to the Student Direct Stream (SDS). The SDS is a study permit stream for applications from residents of 14 countries that offers faster processing within 20 calendar days if certain requirements are met.

How to apply to Canada through SDS?

International students from 14 countries must have to apply to Canada through SDS. Here’s the process of applying to Canada through SDS.

There’s no paper application for the Student Direct Stream so, you must apply online to get faster processing for your study permit. 

Make sure you have the following documents before you apply online-

  • Instruction guide to fill out your forms
  • Scanned documents
  • Valid credit or debit card for making payment

How AIMS Education can help you to study in Canada?

Though living cost requirements in Canada have been increased international students may face some financial difficulties to study in Canada. But if you consult AIMS Education we can suggest to you the options for how you can meet your financial requirements for your Canadian student visa. We can also help you by following statements.

  • University finding
  • Course finding
  • Financial suggestions
  • Interview preparation
  • Visa application etc.

Final words

IRCC has announced new rules for international students, As of January 1, 2024, Immigration Refugees and Citizenship Canada (IRCC) has raised the living cost requirements for single study permit applicants to double to $20,635. To get more updates about Canada, stay tuned to AIMS Education

FAQ

What was the previous living cost for international students in Canada?

Ans: The previous living cost requirement for international students in Canada was $10,000. This will be increased from January 2024.

What is the new living cost for international students in Canada?

Ans: As of January 1, 2024, IRCC has raised the financial requirement (cost-of-living) for single study permit applicants from $10,000 to more than double to $20,635.

When the new living cost requirements will be applicable for international students?

Ans: The increased living cost requirements for international students in Canada will apply to all new study permit applications received on or after January 1, 2024.

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