What is a Canada Study Permit?
A study permit authorizes foreign nationals to study at designated learning institutions (DLIs) in Canada for programs longer than six months.
Key Facts
- Valid for program duration plus 90 days
- Must be obtained before entering Canada
- Allows part-time work (24 hours/week)
- Enables PGWP application after completion
Study Permit vs Student Visa
| Aspect | Study Permit | Student Visa |
|---|---|---|
| Purpose | Authorization to study | Entry to Canada |
| Issued By | IRCC | Canadian embassy |
| Duration | Program length | Single/multiple entry |
Important 2025 Policy Changes
Study Permit Cap: IRCC has capped study permit approvals at 360,000 for 2025 to manage housing shortages.
GIC Increase (September 2025): From September 1, 2025, the minimum GIC amount increased from CAD $20,635 to CAD $22,895.
School Transfer Restrictions: As of November 2024, you can no longer change schools on the same study permit. A new permit application is required.
Study Permit Requirements
Essential Documents
| Document | Details |
|---|---|
| Letter of Acceptance | From DLI |
| GIC | CAD 22,895 (from Sep 2025) |
| Tuition Proof | First year paid/funds |
| Passport | Valid for study period |
| Photos | Immigration specifications |
Financial Requirements (Updated September 2025)
| Expense | Amount (CAD) |
|---|---|
| GIC | 22,895 |
| First Year Tuition | Varies |
| Living Expenses | Included in GIC |
Application Process
Step 1: Gather Documents
- Letter of Acceptance from DLI
- GIC from approved bank
- Financial documents
- Language test results
Step 2: Submit Online Application
- Create IRCC account
- Complete forms
- Upload documents
- Pay fees
Step 3: Biometrics
- Schedule appointment at VAC
- Provide fingerprints and photo
Step 4: Processing
- Standard: 7-10 weeks
- Track application online
GIC (Guaranteed Investment Certificate)
Approved Financial Institutions (Updated September 2025)
| Bank | Minimum Deposit | Interest Rate |
|---|---|---|
| ICICI Bank Canada | CAD 22,895 | 3-4% |
| SBI Canada | CAD 22,895 | 3-4% |
| Scotiabank | CAD 22,895 | 3-4% |
How GIC Works
- Purchase GIC before visa application
- First installment released on arrival
- Monthly disbursements over study period
Last Updated: March 2026
