Canada Immigration Financial Sufficiency
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Financial Sufficiency
Applicants are expected to have sufficient financial resources to pay their tuition fees, transportation costs to and from Canada as well as living expenses for themselves and any dependents who may be accompanying them without the need to engage in employment.
The following formula is used for determination of financial sufficiency applies to all provinces except Quebec:
Student Base | $10,000 for twelve month period, plus the cost of tuition, pro rated at $833 per month. |
| Spousal Base | $4,000 for twelve month period for spouse or adult companion, pro rated at $333 per month. |
Dependant Base | $3,000 for twelve month period per dependent child of any age, pro rated $255 per month. |
The following formula is used for determination of financial sufficiency students destined to the province of Quebec:
| Student Base | $9,600 for twelve month period, plus the cost of tuition, pro rated at $800 per month |
| First Dependant | 60% of student base or $5,740 for twelve month period, pro rated at$478 per month |
| Subsequent Dependant | 40% of student base or $3,840 for twelve month period, pro rated at$320 per month. |
Note: Students are required to demonstrate financial sufficiency for the first year of studies only, regardless of the duration of the course in which they are enrolled.
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