Use this free calculator to see how much money you need to show for a Canadian study permit. It uses the IRCC living-cost amounts for applications received on or after September 1, 2026 (outside Quebec), then adds your first-year tuition and travel costs and compares the total with the funds you have.
Estimates only. Always confirm the current amounts on the official IRCC website before you apply.
The Amounts Used
For applications received on or after September 1, 2026, IRCC requires these living-expense amounts outside Quebec. Tuition and travel are added on top.
| Family members (including you) | Living expenses (CAD) |
|---|---|
| 1 | $23,448 |
| 2 | $29,192 |
| 3 | $35,888 |
| 4 | $43,572 |
| 5 | $49,419 |
| 6 | $55,736 |
| 7 | $62,054 |
| Each additional person | $6,318 |
Frequently Asked Questions
Does a GIC count toward proof of funds?
Yes. A Guaranteed Investment Certificate from a participating Canadian bank is one of the most common ways to show living funds.
If I already paid part of my tuition, do I still need to show it?
No. Enter the amount you paid in "Tuition already paid" and include the receipt with your application.
Which date matters?
The amounts above apply to applications received on or after September 1, 2026.
For the full list of accepted documents and tips, read Canada Study Permit Proof of Funds 2026: How Much You Need.
Related Guides
- Canada Study Permit Proof of Funds 2026
- International Student Loans Without a Cosigner
- The Complete Study Abroad Guide
Disclaimer: This calculator gives estimates for general information only. It is not immigration advice. Sources: Passage, ApplyBoard.