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IRCC New Financial Requirements For International Students in ...

https://www.facebook.com/canadianways/posts/ircc-new-financial-requirements-f…

# Canada Ways - IRCC New Financial Requirements For... ## Canada Ways's Post. ### **Canada Ways**. IRCC New Financial Requirements For International Students in 2025. Canada has rolled out new financial rules for international students applying for study permits starting January 1, 2025. Immigration, Refugees and Citizenship Canada (IRCC) announced that students must now show they have $20,635 in available funds — a significant increase from the previous requirement of $10,000. This change is meant to better reflect the actual cost of living in Canada and reduce instances where students face financial hardships after arrival. The updated threshold will help ensure that students can support themselves adequately throughout their studies. These financial rules will be reassessed annually based on Statistics Canada’s low-income cut-off (LICO) figures. Some exemptions apply for students already in Canada with valid permits or those extending their current permits. The new policy is expected to enhance student preparedness while also maintaining the integrity of Canada’s international student program.

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P105 – Students and Income Tax 2025 - Canada.ca

https://www.canada.ca/en/revenue-agency/services/forms-publications/publicati…

This guide provides detailed tax information for students including the most common income, deductions, and credits available to them.

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2025 provincial and territorial allocations under the international student cap - Canada.ca

https://www.canada.ca/en/immigration-refugees-citizenship/news/notices/2025-p…

# 2025 provincial and territorial allocations under the international student cap. For 2025, IRCC plans to issue a total of 437,000 study permits, which represents a 10% decrease from the 2024 cap. Since the introduction of the cap last year, most study permit applicants have been required to submit a provincial attestation letter or territorial attestation letter (PAL/TAL). The breakdown of study permits for 2025 by student cohort is as follows:. Of the 437,000 study permits expected to be issued in 2025, 120,724 are expected to come from PAL/TAL-exempt students, while 316,267 are expected to come from PAL/TAL-required groups. A breakdown of the 2025 target for study permits issued to PAL/TAL-required cohorts by province or territory is as follows:. | Province or territory | Expected study permits – Graduate degree students | Expected study permits – Remaining PAL/TAL-required cohorts | Expected number of study permits to be issued to all PAL/TAL-required cohorts |.

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