Does Canada still require showing blocked funds for masters programs?
27 Jul 2026 · Answered by Gagandeep Singh · 1 min read
No, Canada does not require blocked funds for master's programs. Instead, you must show proof of sufficient financial resources to cover your tuition, living expenses, and travel.
- Minimum living expenses: CAD 22,895/year for a single applicant (as of September 1, 2025; subject to change)
- Proof options: Bank statements, a Guaranteed Investment Certificate (GIC), or a sponsor letter
You need to demonstrate funds for the first year and indicate how you will finance any additional years if your program is longer.
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