Canada Study Permit: The proof of funds guide for 2026

Canada’s study permit path requires robust financial planning under the new 2026 guidelines. IRCC now expects applicants to demonstrate access to at least CA$20,635 for living expenses, in addition to tuition fees. If you are using a sponsor, ensure they are close family members (preferably parents) and provide a comprehensive affidavit of sponsorship alongside business registration certificates, tax clearances, and property deeds. The key is proving the “source of funds” — unexplained large deposits in your bank statement will lead to automatic refusal. Structure your narrative clearly in your Letter of Explanation.