Canada Student visa - Financial requirements
7 questions
Expert Answers
Can the GIC amount of 15 lakhs be used by the student after depositing it in the Canadian bank account in Canada?
→Is it true that some countries sponsor study abroad and I don't have to worry about tuition fees, accommodation, and food in Ireland/Canada?
→Is it acceptable to show education loan funds as part of the financial proof for visa applications in Canada?
→Is the fixed deposit in my mother's name acceptable as proof of funds for the visa application in Canada?
→Yes, your mother's fixed deposit is acceptable for a Canada student or visitor visa as a sponsored fund, provided you submit a sponsor letter, bank statements, and proof of income. For PR through Express Entry, only funds in your own name are accepted.
Is the ITR (Income Tax Return) requirement of 10-12 lakh per year applicable for every country or only for some countries in UK/Canada?
→Is it possible to get a sponsor for my study visa if my brother is working in Canada?
→Yes, a sibling can often act as a financial sponsor if they are financially strong and able to provide supporting documents such as bank statements, salary slips, employment proof, and relationship proof. However, visa authorities will still assess whether the financial support is genuine, sufficient, and logically supports your education expenses.
All Questions (7)
Can the GIC amount of 15 lakhs be used by the student after depositing it in the Canadian bank account in Canada?
→Is it true that some countries sponsor study abroad and I don't have to worry about tuition fees, accommodation, and food in Ireland/Canada?
→Is it acceptable to show education loan funds as part of the financial proof for visa applications in Canada?
→Is the fixed deposit in my mother's name acceptable as proof of funds for the visa application in Canada?
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