Can I fund my studies in Canada from my salary savings?
Yes, you can use your salary savings to fund your studies in Canada.
You must show proof of sufficient funds for your study permit application. This includes covering tuition fees, living expenses (currently CAD 22,895/year for a single applicant outside Quebec, subject to change), and transportation costs.
Acceptable proof includes:
- Bank statements showing your savings
- Guaranteed Investment Certificate (GIC) from a Canadian bank
- Letter from your financial institution confirming available funds
The funds must be genuinely available to you and not tied up in loans or obligations. If your country restricts foreign currency transfers, you must also show you can legally send the funds abroad.
If you need help preparing your financial documents, connect with your LeapScholar counsellor.
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