For 2024, a single applicant will need to show they have $20,000 in addition to their first year of tuition and travel costs. This change will
# Canada Updates Financial Proof Requirement and Extends Work Rights for International Students. As of January 1, 2024, the **minimum financial requirement** that students must show as part of their study permit application will rise from C$10,000 (where it has sat for nearly two decades) to **C$20,635** to reflect the rising cost of living. In addition, the current **waiver on working hour limits** for international students, which was set to expire as of December 31, has now been **extended to April 30, 2024**. Perhaps the biggest news in this package of announcements involves Canada’s revised expectations for proof of financial support as required on a student’s study permit application. This temporary waiver was expected to expire on December 31, 2023, **but is now being extended until April 30, 2024.** This extension applies to international students already in Canada, as well as incoming applicants who have submitted their study permit application as of December 7, 2023.
# The major changes for international students and Post-Graduation Work Permits in Canada in 2024 – year in review. We’ve seen major changes to Canada’s international student program in 2024. * Updated eligibility criteria for post-graduation work permits (PGWPs);. On January 22, IRCC announced that international students who begin a study program that is part of a curriculum licensing agreement are no longer eligible for PGWPs, starting September. On January 22, IRCC announced that Master’s degree program graduates will be eligible for three-year work permits. Prior to the change, a PGWP would be granted based on the length of a master’s degree, up to a maximum of three years. On September 18, IRCC announced that international students need to graduate from a field of study linked to occupations with long-term shortages to qualify for PGWPs. International students who applied for study permits before November 1, 2024 do not need to meet field of study requirements to be eligible for a PGWP.
Learn more: https://lnkd.in/gzKSc6GT For 2024, a single applicant will need to show they have $20,635 in addition to their first year of tuition
Learn how to get a Canadian work permit in 2026. Explore eligibility, LMIA vs IMP, processing times, fees, & pathways to work & immigrate to Canada.
* [Work in Canada - work permits](https://www.canada.ca/en/immigration-refugees-citizenship/services/work-canada.html). * [IRCC applications](https://www.canada.ca/en/immigration-refugees-citizenship/services/application.html). * [Study in Canada](https://www.canada.ca/en/immigration-refugees-citizenship/services/study-canada.html). * [Apply for an eTA](https://www.canada.ca/en/immigration-refugees-citizenship/services/visit-canada/eta.html). * [Benefits payment dates](https://www.canada.ca/en/services/benefits/calendar.html). * [Find benefit payment dates](https://www.canada.ca/en/services/benefits/calendar.html). * [Taxes](https://www.canada.ca/en/services/taxes.html). * [Benefits payments dates](https://www.canada.ca/en/services/benefits/calendar.html). [Find out if you’re eligible for a study permit](https://www.canada.ca/en/immigration-refugees-citizenship/services/come-canada-tool.html). * a [letter of acceptance](https://www.canada.ca/en/immigration-refugees-citizenship/services/study-canada/study-permit/get-documents.html#doc1) from a designated learning institution (DLI). Some [exceptions](https://www.canada.ca/en/immigration-refugees-citizenship/services/study-canada/study-permit/get-documents/provincial-attestation-letter.html#exemptions) apply. * [proof of identity](https://www.canada.ca/en/immigration-refugees-citizenship/services/study-canada/study-permit/get-documents.html#doc2). * [proof of financial support](https://www.canada.ca/en/immigration-refugees-citizenship/services/study-canada/study-permit/get-documents.html#doc3). [See the full list of documents you need for a study permit.](https://www.canada.ca/en/immigration-refugees-citizenship/services/study-canada/study-permit/get-documents.html#doc1). [**Check the list of designated learning institutions**](https://www.canada.ca/en/immigration-refugees-citizenship/services/study-canada/study-permit/prepare/designated-learning-institutions-list.html). Visit the [Immigration, Refugees and Citizenship Canada (IRCC) website](https://www.canada.ca/en/immigration-refugees-citizenship/services/study-canada/study-permit/apply.html) and answer a few questions about your situation to get specific instructions on how to apply. [**Learn what happens after you apply for a study permit**](https://www.canada.ca/en/immigration-refugees-citizenship/services/study-canada/study-permit/after-apply-next-steps.html). * always be enrolled at a [designated learning institution](https://www.canada.ca/en/immigration-refugees-citizenship/services/study-canada/study-permit/prepare/designated-learning-institutions-list.html) (DLI). Find out more about [working during your studies](https://www.canada.ca/en/immigration-refugees-citizenship/services/study-canada/work.html) from IRCC. [**Apply for a co-op or intern work permit**](https://www.canada.ca/en/immigration-refugees-citizenship/services/study-canada/work/intern.html). * [Find out if you need a study permit](https://www.canada.ca/en/immigration-refugees-citizenship/services/study-canada/study-permit/study-permit-tool.html). * [Benefits](https://www.canada.ca/en/services/benefits.html). * [Health](https://www.canada.ca/en/services/health.html). * [Taxes](https://www.canada.ca/en/services/taxes.html).
As of April 1, 2026, post-secondary international students don't need a co-op work permit for student work placements such as co-op placements
You must prove that you have enough money, **without** working in Canada, to pay for all the following:. * living expenses for yourself and the family members who come with you while you’re in Canada. * transportation to and from Canada for yourself and your accompanying family members. You must provide us with documents that prove you have the **required funds available** for all the costs listed above. 1. you must **show** you have enough financial resources for the **first year** of your studies. * You don’t need to provide all of these documents to show you meet the financial support requirements. * proof of a Canadian bank account in your name, if you’ve transferred money to Canada. * proof of financial support within Canada, if you have a scholarship or are in a Canadian-funded educational program. This chart tells you how much money you will need to support yourself and your family members in Canada for the first year of your program of studies.