After paying the deposit and showing the GIC (Guaranteed Investment Certificate), do I need to pay another deposit?
27 Jul 2026 · Answered by Mahalakshmi K · 1 min read
No, after paying the initial tuition deposit and showing the GIC (Guaranteed Investment Certificate) as proof of funds, you generally do not need to pay another deposit upfront for your Canadian study permit application.
The tuition deposit secures your university seat, and the GIC covers your living expenses. Some universities may require additional payments or fees before the semester begins, but these are separate from the initial deposit and GIC.
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