Canada Updates Study Permit Financial Requirements: Increased Cost-of-Living and Student Direct Stream (SDS) GIC Guidelines

✅The Immigration, Refugees and Citizenship Canada (IRCC) has announced updates to financial requirements for study permit applicants, including changes to the Student Direct Stream (SDS) guaranteed investment certificate (GIC) guidelines. Effective January 1, 2024, the cost-of-living financial requirement for study permit applicants will be elevated to better prepare international students for life in Canada. For studying in Québec, applicants must demonstrate financial capacity covering tuition fees, transportation, and living expenses, with varying amounts based on age and the number of individuals in the application. Settlement fees for the first year are set at $500 Canadian, and applicants must prove the ability to cover health and hospital insurance costs for the entire stay in Québec for themselves and accompanying family members. . . Source: www.financialexpress.com . 𝐍𝐚𝐯𝐢𝐠𝐚𝐭𝐞 𝐲𝐨𝐮𝐫 𝐡𝐨𝐦𝐞 𝐣𝐨𝐮𝐫𝐧𝐞𝐲 𝐞𝐟𝐟𝐨𝐫𝐭𝐥𝐞𝐬𝐬𝐥𝐲 𝐰𝐢𝐭𝐡 𝐊𝐚𝐦𝐚𝐥, 𝐲𝐨𝐮𝐫 𝐝𝐞𝐝𝐢𝐜𝐚𝐭𝐞𝐝 𝐆𝐓𝐀 𝐑𝐞𝐚𝐥𝐭𝐨𝐫. 𝐂𝐚𝐥𝐥: +𝟏 (𝟔𝟒𝟕) 𝟔𝟕𝟑-𝟑𝟓𝟏𝟔 𝐄𝐦𝐚𝐢𝐥: 𝐤𝐚𝐦𝐚𝐥@𝐭𝐡𝐞𝐜𝐚𝐧𝐚𝐝𝐢𝐚𝐧𝐡𝐨𝐦𝐞.𝐜𝐨𝐦 @kamalpillai_realtor . . #CanadaStudyPermit #IRCCUpdates #SDSGIC #CostOfLiving #InternationalStudents #QuebecStudyRequirements #FinancialGuidelines #mnm #malayalisnearmeapp #canadaupdate #canadanews