Do they still accept GIC for Canada or is it mandatory to have GIC now?
27 Aug 2026 · Answered by Gangadhara N S · 1 min read
Yes, a Guaranteed Investment Certificate (GIC) is still accepted as proof of funds for a Canadian study permit, but it is no longer mandatory.
You can use a GIC to show your living expenses, or you can provide other proof such as bank statements, education loans, or scholarship letters. Having a GIC is highly recommended because it is a trusted way to demonstrate financial stability, but it is not required for your student visa.
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