💰2024 Proof of Funds Update for International Students in Canada! 🌍✈️

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  • Опубліковано 11 гру 2024

КОМЕНТАРІ • 101

  • @_Denari
    @_Denari 7 місяців тому +3

    If one is going for a two year program, will your proof of funds need to show that you have the two year tuition or you just need to show that you have one year full tuition with cost of living and miscellaneous

    • @studyliveexploreca
      @studyliveexploreca  7 місяців тому

      Ideally the all costs for the length of the program. The longer it gets the more likely they might be to accept a little less, since you can work part time. But definitely enough for the first year and the full tuition.
      See here:
      www.canada.ca/en/immigration-refugees-citizenship/corporate/publications-manuals/operational-bulletins-manuals/temporary-residents/study-permits/assessing-application.html

  • @XtremeConceptx
    @XtremeConceptx 11 місяців тому +2

    Please if your sponsor's bank statement is $65,000 and you are admitted for a year certicate program do you need to add your personal bank statement in addition to it or your sponsor's bank statement is enough for the prove of funds ?

    • @studyliveexploreca
      @studyliveexploreca  11 місяців тому

      Its always better if the student shows their own funds first. Also a high proof of funds is not a guarantee to get a visa. If you need any assistance, please contact us here:
      www.studyliveexploreca.com/slestarterkit

    • @lasvegas9750
      @lasvegas9750 7 місяців тому

      @studyliveexploreca but what if that student is 17-18..where would they get money from coming from out of high school?..

  • @jessaalic5680
    @jessaalic5680 2 місяці тому

    Is the $20,635 really “per year”? What I understand from other sources is that only proof of fund, 1yr tuition and travel cost are needed (regardless if we’ll take 1-2yr masters). May I know which source says it needs to be per year? I’ve seen the link you provided for POF requirement but didn’t see any statement that says “per year”. Hope you can clarify thank you so much!!

  • @wilmaudtuhan7311
    @wilmaudtuhan7311 7 місяців тому +1

    Yes I will continue my study plan in Canada... Thank you for all the information you shared in your channel. ..

  • @Ghita-t4i
    @Ghita-t4i 10 місяців тому +3

    I am a Moroccan girl and I want a girl with Canadian citizenship who is fourteen years old to teach me English and I promise her that I will be her loyal friend 🤩🥰🥰🥰 Who is this girl who will make my dream come true?

  • @JerwinGalapon
    @JerwinGalapon 11 місяців тому +1

    Yes! We want to try eventhough we are family of four.. my wife and my two kids

    • @studyliveexploreca
      @studyliveexploreca  11 місяців тому

      We wish you much success!
      If you need any assistance in the process, feel free to contact us here:
      www.studyliveexploreca.com/slestarterkit

  • @alejandrolc983
    @alejandrolc983 11 місяців тому +2

    Hi, i have a question, i'm gonna apply for my study permit in probably 2 months the sponsor its gonna be the husband of my cousin is there any problem with that? I understand that the only requeriment in to send the letter expaling why he is sponsoring me and all the rest of the documentation.
    I would apreciate a lot the information.

    • @studyliveexploreca
      @studyliveexploreca  11 місяців тому

      No it should not be a problem if he explains how and why he is sponsoring you in a letter, shows the proof of funds etc. The closer the sponsor is related to you, the better it is.

  • @lasvegas9750
    @lasvegas9750 7 місяців тому +1

    What if my aunt will accommodate me with room, transportation, and food, do I have to show the same amount for tuition and living expense?

    • @studyliveexploreca
      @studyliveexploreca  7 місяців тому +1

      Then she will sponsor you for that part. That works, you just have to explain that in your study plan and back it up with proof and numbers as well.

    • @lasvegas9750
      @lasvegas9750 7 місяців тому

      @@studyliveexploreca 👍ok

  • @elrenation
    @elrenation 9 місяців тому +1

    Hi coach. Pwede po bang dalawang tao ang mahing sponsor sa proof of funds? Salamat po

    • @studyliveexploreca
      @studyliveexploreca  9 місяців тому

      It is possible to have multiple sponsors. The closer they are to you the better. Make sure they both have a letter how and why they will sponsor you with back up information.

  • @raphaelsantos603
    @raphaelsantos603 7 місяців тому +1

    Hello ma'am pwede po ba gamitin ang sss contribution certificate as additional proof of funds?

    • @studyliveexploreca
      @studyliveexploreca  7 місяців тому

      Hello,
      No that would not work. Only funds that you can liquidate and use in Canada. Even if its personal investments like stocks etc. it should be significantly more than the POF, since it can fluctuate. POF is intended to be used while you are studying in Canada (even though its up to you whether you actually use all of it once you are in Canada)

    • @raphaelsantos603
      @raphaelsantos603 7 місяців тому

      @@studyliveexploreca Is it same amount of proof of funds either 1 year program and less than a year course?

  • @raindrops159
    @raindrops159 11 місяців тому +1

    hi coach! Tysm what about does who applied on december 2023 is that applicable for them! the proof of funds ?

    • @studyliveexploreca
      @studyliveexploreca  11 місяців тому

      If you submitted your study permit application before December 31, 2024 then they will still use the old Proof of funds. After that its the new one.

  • @jenpajarilloambagan2469
    @jenpajarilloambagan2469 7 місяців тому +1

    Is it okay to use rural bank for proof of funds? Is there a possibility that i will be refused if i do so?

    • @studyliveexploreca
      @studyliveexploreca  7 місяців тому

      As long as it is an official bank it should be okay.

  • @arellanojay
    @arellanojay 2 місяці тому

    pwede po ba ang sponsor may ganyan na amount for POF? thanks in advance po

  • @nayabwaqas4235
    @nayabwaqas4235 11 місяців тому +2

    From where did you get this screenshot? I am unable to find on ircc website.

    • @studyliveexploreca
      @studyliveexploreca  11 місяців тому

      See here: www.canada.ca/en/immigration-refugees-citizenship/services/study-canada/study-permit/get-documents.html#doc3

  • @warengracebernabe7567
    @warengracebernabe7567 Рік тому +1

    Thank you coach for this update. Been waiting for this updates

  • @laxuscloud2495
    @laxuscloud2495 6 місяців тому +1

    If my wife will have her master's and will bring me via OWP, do i need to have a proof of funds as well? Or will she have a higher POF requirement?

    • @studyliveexploreca
      @studyliveexploreca  6 місяців тому

      Yes, the more family members you’ll the higher pof you will need

  • @rianneclareragudo3493
    @rianneclareragudo3493 11 місяців тому +1

    Hi! Im planning to sponsor a sibling who's going to be an international student here in Canada? What docs do I need to meet the proof of funds?

    • @studyliveexploreca
      @studyliveexploreca  11 місяців тому

      Hi,
      You need to explain how you are sponsoring your sibling and provide all the backing documents. Like bank statements, proof of employment, income, your tenancy contract or title if you are offering accommodation etc.

  • @ljsthejustordinarytraveler8278
    @ljsthejustordinarytraveler8278 Місяць тому

    is this proof of funds what we called show money in the Philippines coach? thanks

  • @bersonvlogs8907
    @bersonvlogs8907 9 місяців тому +1

    Ang sponsor poba ay kailangan close relative or pwede po kahit yung Uncle ko mag sponsor sakin?

    • @studyliveexploreca
      @studyliveexploreca  9 місяців тому +1

      The closer the better, but your uncle can likely work as well.
      Make sure to explain well in the SOP how and why he is sponsoring you. Have him write a letter about that as well and provide all the proof on how he will sponsor you like bank certificates, proof of income etc.

    • @bersonvlogs8907
      @bersonvlogs8907 9 місяців тому +1

      @@studyliveexploreca thanks. If ever Po na ma sponsor Ako Ng uncle ko na nasa Alberta and Meron Naman Po Ako prepared na pang tuition need ko pa poba mag labas Ng proof of fund kahit may letter na galing sa sponsor?

    • @bersonvlogs8907
      @bersonvlogs8907 9 місяців тому

      .

  • @jm_sakura4
    @jm_sakura4 10 місяців тому +1

    Hi Mam How are you, I hope mapansin nyo po tong question ko, correct me if I wrong if sa Quebec area Hindi po to applicable ? thanks

    • @studyliveexploreca
      @studyliveexploreca  10 місяців тому

      See here:
      www.canada.ca/en/immigration-refugees-citizenship/corporate/publications-manuals/operational-bulletins-manuals/temporary-residents/study-permits/assessing-application.html
      www.quebec.ca/en/education/study-quebec/required-conditions/costs-studies

  • @victorikechukwu7981
    @victorikechukwu7981 10 місяців тому +1

    Someone with a sponsor, whose proof of funds will the person submit?

    • @studyliveexploreca
      @studyliveexploreca  10 місяців тому

      If you have a sponsor, you should show your proof of funds as well as the sponsors proof of funds.

  • @laralaizaoquindo33
    @laralaizaoquindo33 11 місяців тому +1

    Can I ask if the new proof of fund is also covered those students that will apply for extension?

    • @studyliveexploreca
      @studyliveexploreca  11 місяців тому

      Technically the new proof of funds would apply yes. But I would contact IRCC, maybe they have a special solution for this one.

  • @lourleebaltazar8280
    @lourleebaltazar8280 5 місяців тому

    Hi!Is 42k cad including one year of tuition fee?For 1 year program?Thank you 😊

  • @graceylifestyle593
    @graceylifestyle593 8 місяців тому +1

    Malabo na talaga na makapag aral ng Canada hindi ako pinalad sa application ko way back year 2022.. Hindi din pinalad na makakuha ng employer kahit complete docs na as a caregiver in Taiwan with ECA 4 yr bachelor Canadian equivalency..maybe one-day makakarating din ng Canada🙏

    • @studyliveexploreca
      @studyliveexploreca  8 місяців тому +1

      Sorry to hear that, what was the reason for refusal?
      Let us know if you need help finding a school and program:
      www.studyliveexploreca.com/slestarterkit

    • @graceylifestyle593
      @graceylifestyle593 8 місяців тому

      @@studyliveexploreca ask ko lang poh if there's is a caregiver study program for 10 months only with two two-year open work permit? Ganyan kasi ang sinasabi ng ibang immigration consultant..

  • @charlessamuel8243
    @charlessamuel8243 11 місяців тому +1

    2:05
    42000 Canadian dollar/year/person on study Visa
    😮😮

  • @joebinjoseph
    @joebinjoseph Рік тому +2

    Hey coach, can you tell me the avg cost for a 1yr pgd in alberta?
    I got my cousin settled their who got canadian passport. Was planning to go there by sept next year for pgd pgram.

    • @studyliveexploreca
      @studyliveexploreca  11 місяців тому

      Hi,
      It really depends on the program. You can check some of them here:
      slebeta.online/
      Contact us if you need assistance finding the best school and program:
      www.studyliveexploreca.com/slestarterkit

  • @margojumie2330
    @margojumie2330 Рік тому +1

    Does this mean if I'm planning to apply for a 2 year diploma program, I have to show proof of funds for 2 years already in the application ?

    • @studyliveexploreca
      @studyliveexploreca  Рік тому

      Ideally, yes.

    • @smwk2017
      @smwk2017 Рік тому

      Yes, it works out to average of 84,000 for 2-yr program.
      20,635 (per student)
      10,000-18,000 (tuition per year)
      3,500 (travel, books, misc)
      Total: 42,000 per year
      Two Year Program = 84,000
      You can cut back by attending a cheaper college.

  • @tewodrosabebaw8016
    @tewodrosabebaw8016 10 місяців тому +1

    Hi coach, I have applied to university with one year program and 13,000 tuition fee, I payed 7000 from the total and apply in December 19, and present a bank statement of 35000CAD and the tuition fee receipt, they told me it is insufficient fund. I have 4 family but they will not come with me. What do you think is their reason?

    • @studyliveexploreca
      @studyliveexploreca  10 місяців тому

      If you applied in 2023 it should still go by the old rule of $10000 per year. It is not always about the amount though, also how they assess them and how you explain it in your SOP.
      Have you requested your GCMS notes to get the details on the refusal?
      You can request them here:
      www.studyliveexploreca.com/offers/2WvTVMdB/checkout

  • @yngnfrs_9
    @yngnfrs_9 Рік тому +1

    Do you have an insight for the province of Quebec? I'm planning to study in Montreal and I can't find any update.. I hope you can respond to this

    • @studyliveexploreca
      @studyliveexploreca  Рік тому

      The cic website is updated, they have increased it as well.

    • @smwk2017
      @smwk2017 Рік тому

      What do you want to know?
      - Starting on 1st Sep 2023, graduates of 48 private unsubsidized establishments in Quebec are no longer eligible for PGWP.
      - Starting in Fall 2024, graduates of English colleges must complete 5 Second Language French classes successfully.
      - To continue receiving Quebec government funding, the 3 English universities (McGill, Concordia, and Bishop's) in Quebec will need minimum 80% of their graduates with intermediate level French proficiency.

    • @yngnfrs_9
      @yngnfrs_9 11 місяців тому

      @@studyliveexploreca I delved deeper regarding this and finally understood how the Quebec gov POF work. Just found out that they increase periodically and isn't much affected by this abrupt change whereas the rest of the provinces weren't able to update the cost of living for YEARS, thus the doubled amount due to inflation and stuff.. Honestly, I've been so confused since Montreal is literally known for being one of the most affordable cities to reside in but the POF needed is much higher compared to others. Now it made sense. I think I finally grasped the update, or is there anything I missed? Thanks for responding!
      ps. I'm in the process of getting a CAQ, last question, if my CAQ is approved, will it increase the chance of me getting approved for study permit? Well, in the context of POF. I think they have the same criteria.. So I just need to ace my SOP for study permit without worrying about rejection bcs of POF and other comparable requirements. I'm just anxious and I think that this is a canon event for everyone applying.

  • @gershondevadason4656
    @gershondevadason4656 11 місяців тому +1

    Hey there! I'm an international student who came for the Winter intake to the University of Manitoba in January 2022. After a year of living in Winnipeg, I found that it's not the place for me. Although getting PR is quite easy in this province, especially through the nomination program, for me it's not worth living in a place I don't like. I'm hoping to transfer to a college in the province of Alberta, specifically Lethbridge college. What's the procedure to changing colleges of another province? Will it affect my study permit status? Do I need to get a new one? Do I have to show proof of funds again? The IRCC website doesn't necessarily give info about changing to another province so could you please answer my question. Thank you!

    • @TaddyBear164
      @TaddyBear164 10 місяців тому +1

      @gershondevadason4656…I’ve changed my universities half way through my studies. You’ll need to log back into your IRCC account and change/update your DLI. You’ve have to get accepted at the other university you choose to transfer to, because you can only change your DLI after you’ve actually been accepted by the other university. When you log in to your IRCC account you’ll need to link it to your original study permit. I’m not sure about transferring to another province, you’d have to contact immigration on that one.

    • @gershondevadason4656
      @gershondevadason4656 10 місяців тому

      @@TaddyBear164 Hey! Thanks so much for the info! Is there anyway I could dm you to ask more details about this? Would be much appreciated!

  • @junpabelonia
    @junpabelonia 11 місяців тому +4

    "Are you still thinking to move to canada?" NO 🙄

    • @studyliveexploreca
      @studyliveexploreca  11 місяців тому

      That’s okay, just do what ever makes you happy ❤

  • @KCEmphasis
    @KCEmphasis 6 місяців тому

    what about Student Visa Extension and you are already here in Canada?

  • @risdeleon7432
    @risdeleon7432 11 місяців тому +1

    Hello maam in my case , nag apply po ako as international student, so ung common law partner ko is pede kong isama and isabay s application ko right? She will be eligible for Open work permit.. my question is need nya rn bang kumuha ng Ielts? For open work permit? Sana po masagot thank you ❤️

  • @Eis39
    @Eis39 11 місяців тому +1

    Please coach assist me , the school i got admission with the tuition cost is 6,600 canadian dollars , how much prove of fund am i supposed to show in general?

    • @studyliveexploreca
      @studyliveexploreca  11 місяців тому +1

      Hi,
      Here are the official proof of funds requirements:
      www.canada.ca/en/immigration-refugees-citizenship/services/study-canada/study-permit/get-documents.html#doc3

    • @rosalola9993
      @rosalola9993 11 місяців тому

      Where did you apply?

  • @ami11567
    @ami11567 6 місяців тому

    Hello,
    I have recently applied for study permit and it's for my younger brother. I didn't open GIC and i didn't submit his one year fee but yes i did submit 1000$ as confirmation deposit. I showed 120k funds and i mentioned that i will takecare of him. He will stay with me. I notarized the letter too.I showed my income and all but Is that going to be ok? If not can i still open GIC and attach it using webform or they will reach out to me if they need anything. I hope you will help me to answer my question
    He has no income

  • @heyakamal
    @heyakamal 9 місяців тому +1

    What would be cost for 1 spouse with kid

    • @studyliveexploreca
      @studyliveexploreca  9 місяців тому +1

      You can see the detailed POF requirements here:
      www.canada.ca/en/immigration-refugees-citizenship/corporate/publications-manuals/operational-bulletins-manuals/temporary-residents/study-permits/assessing-application.html

    • @heyakamal
      @heyakamal 9 місяців тому

      Would u kindly provide the amount1 student with spouse n a kid pls

    • @heyakamal
      @heyakamal 9 місяців тому

      Thanks
      @@studyliveexploreca

  • @happyheart8888
    @happyheart8888 11 місяців тому

    Thank you coach ❤

  • @jtm5390
    @jtm5390 Рік тому +1

    Hey Coach, l got into a 2 year program are you saying I’ll need to show around 82k cad???

    • @studyliveexploreca
      @studyliveexploreca  11 місяців тому

      Depends on your tuition, are you single or with family, etc.

    • @jtm5390
      @jtm5390 11 місяців тому +1

      @@studyliveexploreca I’m single and my tuition is $19,102.50 cad. And this will be at Douglas College.

    • @Thisnthat979
      @Thisnthat979 10 місяців тому

      @@jtm5390more than $82000 in your case

    • @bersonvlogs8907
      @bersonvlogs8907 9 місяців тому

      ​@@jtm5390hi sir any update Po sa tanong mo if na clarify na same question din Po Kasi Ako🙂

  • @j11yfish
    @j11yfish 11 місяців тому +2

    Hi coach! Tysm for this informational video - is it still possible to study in Canada for Undergrad (3+ years)? I've recently just considered studying in Canada but the cost is making me think otherwise since I'm not really from a well off family and I'll only be able to study there through full a scholarship that includes tuition and stipend 😭 If there are any scholarships that can cover this please let me know, thank you so much in advance

    • @studyliveexploreca
      @studyliveexploreca  11 місяців тому

      Hi,
      Definitely you need to get your proof of funds in order first. There are scholarships, see here:
      www.educanada.ca/scholarships-bourses/index.aspx?lang=eng
      But getting a full scholarship or stipendium is not easy. Definitely work on building your own funds as well.

  • @munyabuhorojeandamour5778
    @munyabuhorojeandamour5778 5 місяців тому +1

    Hi I have 45k cad I want to study masters in finance and my young brother want study bachelor in medicine with that 45k cad we can study Canad?

    • @studyliveexploreca
      @studyliveexploreca  4 місяці тому +1

      hmmm it will be only enuf for 1 student

    • @munyabuhorojeandamour5778
      @munyabuhorojeandamour5778 4 місяці тому

      Was thinking with 25k of gic other 20k I can pay my one year of masters and his first year in bachelor

  • @franciscodelapena7026
    @franciscodelapena7026 11 місяців тому +1

    True

  • @alexirabor
    @alexirabor 11 місяців тому +1

    Can you shed more light on a 1+1 program.

    • @studyliveexploreca
      @studyliveexploreca  11 місяців тому

      Its where you take two 1 year programs, so that you only need the proof of funds for one year in the beginning. Then apply for a new study permit or an extension and study another 1 year program.
      If you need assistance finding the right school and program, please contact us here:
      www.studyliveexploreca.com/slestarterkit

    • @alexirabor
      @alexirabor 11 місяців тому

      Let's say your LOA indicates you were admitted into programA + programB. Is that also a 1+1? When applying for a study permit in this case, will you be granted for one year with the option of extending? Or will the program be seen as a two year program by IRCC?

  • @presentgaming786
    @presentgaming786 11 місяців тому

    Hi

  • @wisdomebuka7943
    @wisdomebuka7943 11 місяців тому +1

    I'm living in another country. My mum helps me to manage my grocerystore business. you know people pay cash most times to buy goods and products. My question now is the cash gotten from the business is it good for my mum to be depositing it back into my account alone since am not in the country or she can give some people to deposit the cash inorder for it to spread around. Please advise

    • @studyliveexploreca
      @studyliveexploreca  11 місяців тому

      She can certainly sponsor you and transfer money into your account. She has to write a letter how and why she is sponsoring you and provide the proof that she is financially capable. Show where the funds came from etc. Also explain it well in your Study Plan.

    • @wisdomebuka7943
      @wisdomebuka7943 11 місяців тому

      @@studyliveexploreca I'm doing self sponsorship

    • @Thisnthat979
      @Thisnthat979 10 місяців тому

      @@wisdomebuka7943cash from your business should be recorded, deposit to your business account then you with draw from businesses account as payroll etc

  • @nicolepenaranda9068
    @nicolepenaranda9068 10 місяців тому +1

    As of now I have 300k in my bank 😢😢