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.
Cash income, business income or no ITR?
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