Categories: Canadian Study Permit

Study Permit – Proof of Financial Support

While gathering documents to satisfy the requirements of a study permit such as, an acceptance letter from the school you will attend and proof of your identity, you may wonder what documentary evidence you need to provide in order to prove your financial stability.

Many questions that have been brought up regarding the “proof of financial support” requirement is, how long do I have to maintain my bank account at the minimum amount? Can the amount I have be loans from friends and family? And what other documents can I provide to make my case stronger?

In order to study in Canada, you must show that you can support yourself as well as any family members who may be accompanying you to Canada. Some documentation you can provide in order to prove sufficient funds include,

  • Evidence of funds in a Canadian bank account under your name
  • The funds could be transferred from your other bank accounts
  • Evidence of loans made to you by a financial institution
  • Four months’ worth of bank statements
  • To answer the question above, you have to provide four months of your bank statements which means that for these bank statements you should have the sufficient minimum requirement
  • Proof of tuition payment and accommodation fees
  • This will, of course, show that you have sufficient funds as you have already paid the amount showing that you can support yourself during your stay
  • nswer the question above, you can loan money in order to satisfy the financial conditions

Depending upon whether you are coming alone or with your family members, the minimum amount required of you will vary. The more family you have accompanying you, the more funds will be required of you and vice versa.

If you have any further concerns regarding what is required of you when making a Study Permit application, Akrami & Associates may be of assistance. Call us today to book a consultation, because at Akrami & Associates, there is always a way.

Giovanni

Giovanni Crescenzi received his Bachelor with Honours from the University of Ottawa and has been working in the immigration field for approximately three years. He works very closely with clients, assisting them in achieving their goals. Prior to working with Akrami & Associates, Giovanni gained valuable work experience with the Federal Government of Canada before working with another large and well respect Immigration Law Firm. Giovanni has assisted in the successful completion of a large number of cases ranging from permanent to temporary matters. He has a wealth of experience in processing a variety of different case types. Giovanni is currently working towards his membership with the Immigration Consultants of Canada Regulatory Council as an Immigration Consultant.

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