Higher Living Costs Mean Higher Bars for International Students in Canada The new financial requirements for international students applying for study permits in Canada reflect rising living costs.
However, they also raise questions about who will be left behind by these increased thresholds.
As of September 1, applicants must demonstrate that they have sufficient funds to support themselves during their studies, with the minimum proof of funds now set at 75% of Statistics Canada's Low Income Cut Off (LICO).