Major: $20,635 GIC is now required for Canada Study starting from Jan 01, 2024!!
As of January 1, 2024, the minimum financial requirement that students must show as part of their study permit application will rise from C$10,000 (where it has sat for nearly two decades) to C$20,635 to reflect the rising cost of living.
In addition, the current waiver on working hour limits for international students, which was set to expire as of December 31, has now been extended to April 30, 2024. This enables students to continue working off campus for more than 20 hours per week during the winter semester. Minister Miller also provided updates on some temporary measures related to post-graduation work permits, I’ll cover those in next videos.
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