Minimum bank balance for canada student visa 2025/2026

Canada is a great place for students to study and live. However, before you can apply for a student visa there are some requirements that need to be met by the applicant. In this article we will discuss how much money do you need in your bank account before applying for Canada Student Visa 2025/2026



A student visa is a travel document that permits the holder to study, work and study in Canada. It’s important to note that this form of travel does not provide permanent residency status within Canada (unless you apply for it).

The process for applying for a student visa can be overwhelming, but we’ve created an easy-to-follow guide to help you get started. Here are some things you need to know about applying for your student visa:

When Can a Student Apply for Canada Student Visa?

To be eligible for a student visa, you should have been admitted to a college or university in Canada. You can also apply for a student visa if you are already studying in Canada and want to extend your stay.

The following are the three most common reasons why students apply for the Canadian Student Visa:

  • They want to study at an American university outside of their home country (e.g., from Australia). The procedure may be slightly different depending on where they come from so we will explain how it works here:
  • First, let’s say someone wants to go abroad but doesn’t know where exactly he/she should go due either because he/she doesn’t know anyone who has studied abroad before or because those places were destroyed during war time…etcetera…and now there’s no way back again! So what would happen then? Well then this person decided “why not try my luck here instead? There must be some colleges around me somewhere close by.” He then begins searching Google Maps while also trying his best not get distracted by all these ads popping up every now and then asking him if he would like another pair of shoes or maybe even some new clothes instead?

Canada Student VISA Requirements

There are a few key requirements that must be met in order to obtain a student visa.

  • You must have proof of enrollment at the school, such as an official transcript or ITR (Indian Transactional Record). This can be obtained through the school itself or by contacting your local consulate.
  • You will also need to provide proof of funds, which can be done by submitting bank statements showing that you have enough money in your account to cover tuition fees and living expenses while studying in Canada.

If these steps seem overwhelming, don’t worry! We’ve got all the information here that you need on how long it takes for them to process your application and what documents they require from you along with their application fee schedule

Documentation Required for Canada Student Visa

  • Student visa application form
  • Proof of education (Transcripts)
  • Proof of funds, including bank statements or other documents showing the student’s source of funds and income. This may include a letter from the Canadian embassy or consulate office in your country that confirms you have sufficient funds to support yourself while studying in Canada. If there are no such documents available, you will need to provide a letter from your university confirming: -Your full-time enrolment; -The amount paid for tuition fees; -The cost per month for living expenses such as rent, utilities and food costs; -That you are not receiving any other financial support from family members or friends during your studies at Canadian institutions. You must also submit proof that there are no pending charges against any credit card(s) held by yourself at home (e.g., unpaid debts).

Details of Bank balance and Income

  • Bank Statement showing the minimum balance needed for a student visa.
  • Bank Statement showing the income of the student.
  • Bank Statement showing the income of the sponsor if applicable.

Types of Student Permits in Canada

The type of permit you need depends on your nationality and the reason for your visit. A student visa will allow you to study at an educational institution in Canada, while a work permit allows the holder to do paid work while in Canada. If you are not planning on doing any kind of business or self-employment while in Canada, then a visitor record may be sufficient for what you need.

If an open work or study permit is required by your country’s laws, then it’s likely that an open work permit will be issued; however if there are other restrictions such as age limits imposed then these too would apply and could result in other types being required instead (such as visitor record).

Study Permit Renewal Process

If you wish to renew your study permit, you must apply for it at least 60 days before its expiry date.


  • Students should apply for the visa before the expiry date of their current visa.
  • Students should not apply for the visa if they are planning to leave Canada before the expiry date of their current visa.


We hope this guide has helped you discover what the requirements are for a student visa in Canada. We must remind you that our goal is not to discourage you from pursuing your education, but rather to provide vital information about the steps you need to take before traveling abroad.