Canada Increases GIC Requirement for Student Visas to $20,635 Due to Rising Cost of Living

Canada Increases GIC Requirement for Student Visas to $20,635 Due to Rising Cost of Living

In a move to address the increasing cost of living for international students in Canada, the Canadian government has recently adjusted the requirements for the Guaranteed Investment Certificate (GIC) associated with student visas for applicants submitting their study permit applications from January 1, 2024. The GIC program, which previously mandated a deposit of $10,000 CAD,…

What is Statement of Purpose (SOP)

What is Statement of Purpose (SOP)

A Statement of Purpose (SOP) for a Canadian study visa is a document that applicants submit as part of their visa application. It provides a comprehensive overview of the applicant’s academic background, career goals, reasons for choosing Canada for study, and their genuine intent to comply with visa regulations. The SOP is a crucial component…

What is GIC for Study Visa

What is GIC for Study Visa

A Guaranteed Investment Certificate (GIC) for international students is a financial product that serves as proof of financial support for those applying for a Canadian study permit. It is a requirement set by the Canadian government to ensure that international students have sufficient funds to cover their living expenses while studying in Canada. Key features…