New rules for study residence visas in Canada for foreign students were recently announced by the government, as the Canadian government decided to raise the financial limit on the costs of living for foreign international students applying to enroll and study in Canada.
According to the recent announcement issued by the Canadian government, students wishing to study in Canada must prove that they have financial amounts of up to 20,635 Canadian dollars starting in the new year.
This amount required to be proven is double the amounts that must be proven during the past years, and at that time they had to prove that they had 10,000 Canadian dollars.
Avoid exposing students to financial risks
It is worth noting that this decision announced by the government aims to address the worrying trend of foreign students wishing to study in Canada, and makes them vulnerable to financial risks.
It is also noteworthy that this change is the first in 10 years, and this indicates a closer look at the federal wisdom for international students in Canada.
new rules for international students in canada 2024
The new number is equivalent to 75% of Canada's low income limit (LICO), ensuring that people have enough money to meet their basic needs.
This revised cost will also apply to all new study permit applications submitted on or after January 1, 2024. In addition, this new financial guidance will apply to Student Direct Stream (SDS) applications.
Canada has doubled its COL requirements for international students
The Immigration, Citizenship, and Refugees Canada (IRCC) has revised its policies and procedures in order to more effectively accommodate international students. As on January 1, 2024, the cost of living requirement for those who are applying for student visas will increase from the present level of $10,000 Canadian dollars for a single applicant to $20,635 Canadian dollars. In addition, the International Relations and Cooperation Commission (IRCC) has changed the interim restrictions for international students, which were originally due to expire at the end of 2023. These regulations include the following:
A regulation that allows eligible international students to work off-campus in Canada for more than twenty hours has been extended until April 30, 2024. Additionally, the Post-Graduation Work Permit (PGWP) regulation that allows international students to spend time studying abroad has been extended from the remainder of the period until September 1, 2024.
raising the cost of living for international students in Canada 2024
Additional updates were provided by Secretary Miller regarding three interim policies that are applicable to overseas students:
- Students will have more flexibility thanks to the extension of the waiver of the cap on the number of hours they can work off campus per week, which will be extended until April 30, 2024.
- Those students who begin their studies prior to September 1, 2024, will be able to continue to include their time spent studying online toward a future work permit after graduation, even though this time will constitute less than fifty percent of their whole study program.
- There will be no extension of the interim policy that will provide post-graduation work permit holders with an additional 18-month work permit. This policy will expire on December 31, 2023.
Conditions for obtaining a Canada study permit
- Students must be registered for their courses each semester.
- Success and progress in their academic program is also required.
- Students are required to obtain an identification number from DLI. In the event of interruption of study, vacations must not exceed more than 150 days.
- You must also inform the Canadian government of any change at their university.
It is worth noting that each visa has its own unique conditions depending on the country in which the student applies to study abroad. Therefore, you should start familiarizing yourself with the conditions of each visa before applying.
