Does Canada still require showing blocked funds for masters programs?
No, Canada still does not require a blocked account for master's programs, unlike Germany. IRCC instead asks you to prove funds across three categories: first-year tuition, a baseline living expense amount, and return airfare. You can demonstrate this through a GIC, bank statements, an education loan, or a scholarship letter.
Your master's application to Canada still will not require a frozen blocked account, even after recent policy changes, so you can stop comparing it to Germany's Sperrkonto system. IRCC instead wants proof that you can cover three specific cost categories before you land. Meeting this requirement is more about choosing the right documents than locking away a lump sum.
The Three Fund Categories IRCC Checks
| Category | What It Covers |
|---|---|
| Tuition fees | The full amount for your first year of study |
| Living expenses | A baseline living cost requirement applying nationally outside Quebec |
| Transportation | Funds to cover your return airfare to and from Canada |
Accepted Ways To Show Proof Of Funds
- A Guaranteed Investment Certificate, paid out to you in installments once you arrive in Canada.
- Personal or family bank statements covering the required timeframe.
- An official education loan sanction letter, paid tuition or housing receipts, or a scholarship and funding letter.
My Advice
Check the official IRCC Study Permit Financial Support Guide for the current dollar thresholds before you submit anything, since these numbers get updated, and combine at least two proof types so your financial file looks thorough rather than borderline.
Cash income, business income or no ITR?
See whether your funds and documents will pass the Canadian visa check.
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