For a Canada student visa from India, applicants must show enough bank balance to cover living expenses, tuition, and travel. Current guidelines require proof of around CAD 22,895 for one year of living costs (outside Quebec), in addition to the first year’s tuition and travel expenses.

Key Financial Requirements for Canada Student Visa

Proof of funds Canada requirements generally include:

• First-year tuition fees
• Living expenses for one year
• Travel costs to and from Canada

Living expenses are set by Canadian immigration authorities and apply separately from tuition.

Required Bank Balance for Indian Students

For students studying outside Quebec, the current guideline requires approximately CAD 20,635 for one year of living expenses.
For students studying in Quebec, the required living expense amount is lower, at approximately CAD 15,508.

In addition to living expenses, students must show:

• Full first-year tuition fees (as stated in the offer letter)
• Estimated travel expenses

The total bank balance Canada student visa applicants show is usually the combined amount of living costs, tuition, and travel.

Accepted Forms of Proof of Funds

Canada visa funds required can be shown through:

• Personal or sponsor bank statements (typically 4–6 months)
• Guaranteed Investment Certificate (GIC) under the Student Direct Stream
• Education loan approval from a recognised bank
• Scholarship or assistantship documents
• Proof of tuition already paid

How to Assess the Correct Amount

The required amount varies based on tuition fees, study location, and whether dependents are included. Funds should be stable, verifiable, and match submitted financial documents.

Conclusion

Meeting Canada student visa financial requirements accurately is essential. Showing sufficient and consistent proof of funds strengthens the visa application and supports genuine study intent.