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Canada Study Permit Proof of Funds Calculator

Find the exact bank balance to prove for a Canada study permit from Sri Lanka. Uses IRCC's living-cost figure by family size (outside Quebec), plus your tuition and travel, in CAD and LKR. Updated for the CA$22,895 amount effective 1 September 2025.

By Induwara AshinsanaUpdated Jul 17, 2026
Proof of funds requiredOutside Quebec
IRCC · effective 1 September 2025

Count yourself plus any spouse and children coming with you to Canada.

CA$

The tuition on your admission or offer letter.

CA$

One round-trip ticket per travelling person.

Rs

Optional, enter it to see your shortfall or surplus.

Rs

Editable, update to today's rate for an accurate LKR view.

Total to show (CAD)
CA$42,395
Total to show (LKR)
Rs 9,326,900
Living expenses (CAD)
CA$22,895
Family size 1
Savings gap
Enter your savings above to check the gap.

Breakdown

ComponentCADLKR
Living expensesCA$22,895Rs 5,036,900
First-year tuitionCA$18,000Rs 3,960,000
Travel (return airfare)CA$1,500Rs 330,000
Total proof of fundsCA$42,395Rs 9,326,900
Acceptable proof of funds
  • Guaranteed Investment Certificate (GIC), A GIC of at least the required living-cost amount from a participating Canadian bank is the cleanest proof and is mandatory under some streams.
  • Bank statements with history, Statements for the past 4–6 months showing the funds have been held, not just deposited days before applying.
  • Education loan sanction letter, A sanctioned (approved) education loan from a recognised bank counts toward the total when the funds are available to you.
  • Scholarship or bursary letter, An official award letter stating the amount and duration reduces the funds you must show yourself.
  • Sponsor letter + sponsor income proof, If a parent or relative sponsors you, include their letter plus their bank statements, pay slips or tax returns.
Studying in Quebec?

Quebec sets its own, and for 2026 much higher, proof-of-funds figures separate from the federal amount. This calculator covers institutions outside Quebec. For a Quebec college or university, use the amount published by the Ministère de l'Immigration (MIFI), not the figure here.

The single-applicant living-cost figure is CA$22,895 for applications on or after 1 September 2025. These are IRCC minimums, a visa officer can ask for more. Verify on canada.ca before applying.

·Living costs are additional to tuition and travel, never a substitute.

How it works

A Canada study permit application must prove you can pay for one year of living costs plus your tuition and travel. Immigration, Refugees and Citizenship Canada (IRCC) publishes a fixed cost-of-living figure by family size on its “Proof of financial support” page. For applications submitted on or after 1 September 2025, the single-applicant figure for study outside Quebec is CA$22,895 per year, up from the old CAD 20,635 that many agent sites still quote.

The calculator applies IRCC's rule in three steps:

  1. Look up living costs by family size. Sizes 1 to 7 each have an explicit published amount; every family member beyond 7 adds CA$6,167. Family size means you plus any spouse and children travelling with you.
    • 1 person: CA$22,895
    • 2 people: CA$28,502
    • 3 people: CA$35,040
    • 4 people: CA$42,545
    • 5 people: CA$48,255
    • 6 people: CA$54,422
    • 7 people: CA$60,591
    • each additional member: +CA$6,167
  2. Add tuition and travel. Total = living + first-year tuition + return airfare. IRCC is explicit that the living-cost figure is in addition to tuition and travel. It never replaces them.
  3. Convert to rupees and check the gap. Each CAD amount is multiplied by your editable LKR/CAD rate. If you enter the savings you can show, the tool converts them to CAD and reports your surplus or shortfall against the total.

The family-size rows 1–3 are published verbatim by IRCC; rows 4–7 and the per-member add-on are the prior official base table scaled by 22,895 / 20,635. As a cross-check, scaling the prior single-applicant amount that way gives CA$22,895, matching the published CA$22,895 exactly. All amounts are IRCC minimums, an officer may require more, and Quebec institutions use a separate, higher figure.

Worked examples

Single student, Ontario

Family size 1 · tuition CA$18,000 · travel CA$1,500 · rate Rs 220

  1. Living expenses (size 1): CA$22,895
  2. Total: 22,895 + 18,000 + 1,500 = CA$42,395
  3. In rupees: 42,395 × 220 = Rs 9,326,900
  4. Savings shown Rs 8,000,000 → 8,000,000 ÷ 220 = CA$36,363.64
  5. Gap: 36,363.64 − 42,395 = −CA$6,031.36 (≈ Rs 1,326,900 short)

Married student bringing a spouse

Family size 2 · tuition CA$25,000 · travel CA$3,000 · rate Rs 220

  1. Living expenses (size 2): CA$28,502
  2. Total: 28,502 + 25,000 + 3,000 = CA$56,502
  3. In rupees: 56,502 × 220 = Rs 12,430,440
  4. Savings shown CA$60,000 (already in CAD)
  5. Gap: 60,000 − 56,502 = +CA$3,498 surplus → funds sufficient

Family-size sanity check

Family size 5 · tuition 0 · travel 0

  1. Living expenses (size 5): CA$48,255, the explicit published row
  2. This is NOT size-4 (42,545) plus one add-on; the per-member add-on of CA$6,167 applies only beyond size 7
  3. Total with no tuition or travel: CA$48,255

Frequently asked questions

Sources & references

These figures were last cross-checked against IRCC's financial-support page on 2026-07-17. The single-applicant living-cost amount of CA$22,895 (Rs 5,036,900 at Rs 220/CAD) has applied since 1 September 2025. This tool covers study outside Quebec and is a planning aid, not immigration advice.

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