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Do I need to provide proof of funds like loan sanction letter or savings for visa application in Canada?

22 Jul 2026 · Answered by Abhishek Mehta · 1 min read
Abhishek Mehta
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Yes, you must provide proof of funds for your student visa application. This shows you can cover tuition, living expenses, and travel costs.

Accepted documents include:
- Loan sanction letter from a recognized financial institution (must mention your name, amount, and terms)
- Bank statements showing sufficient savings
- Proof of paid tuition or a Guaranteed Investment Certificate (GIC)

For Canada, you need to show enough funds for tuition plus living expenses (currently about CAD 22,895/year for a single applicant; subject to change). Submitting both a loan sanction letter and bank statements can strengthen your application.

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