Canda increases the financial requiremen for international student

Effective January 1, 2024 all international students are required to show more money than before. What is the change?

In the past, a single student used to show only $10,000.00 CND.

Starting from January 1, 2024, a single student will show $20,635. This is in addition to the first year of tuition and travel costs. 

For further information, please read the link below

Revised requirements to better protect international students - Canada.ca

Additional change that affectes international students are 

1. International students will continue enjoying working off campus for more than 20 hours in a week until April 30, 2024. This extension will apply for all students who are already in Canada as well as applicants who have already submitted an application for a study permit as of December 7, 2023. 

2. The facilitative measure that has allowed international students to count time spent studying online towards the length of a future post-graduation work permit, as long as it constitutes less than 50% of the program of study, will continue to be in place for students who begin a study program before September 1, 2024.

3. In response to labour market disruptions during the pandemic and post-pandemic recovery, a temporary policy was introduced on 3 occasions to provide an additional 18-month work permit to post-graduation work permit holders as their initial work permit was expiring. Foreign nationals with a post-graduation work permit expiring up to December 31, 2023, remain eligible to apply. However, this temporary policy will not be extended further.