how much money in GIC I should show for a 2 yrs course inCanada so my visa application is not rejected for lack of funds available to survive in Canada.
how much money in GIC I should show for a 2 yrs full time study course in Ontario, Canada?
- Thread starter Workpermit Canada
- Start date
Enough for you to support yourself while in Canada for your duration of your studies
Generally you need to show only first year expenses for sds category. So, 10k is enough.
You need to show liquid/readily available amount via GIC for the first year + 1 year upfront tuition fee payment. In addition, you would need to show via proofs how you intend to pay for the second year expenses (remaining tuition and living expense).
Yes, showing less than the minimum 10k will be rejected. But showing only 10k does not guarantee that your application will be accepted. In addition to the minimum, you have to also show you can support yourself during your temporary stay in Canada.
Because you still need to show that you can support yourself while in Canada. Canada is a very expensive place to live in. You can't possibly think that anyone would believe that you only need $10k to live in Canada.
That's bare minimum. Also, what he's trying to say is make sure visa officer doesn't think that you will struggle financially while being in Canada. There will still be money that you have access to or your sponsor does for the second year of study. Trust me, financials for second year of study is a hidden requirement.
Have you tried living in Canada? Lol. $10k is not enough to live in Canada.
Which means I should try and show 20K in GIC for my personal expenses? If I keep college fees aside + 20K GIC ---> will it be considered as sufficient funds to survive in Canada or do i need to show more?
Thanks for your response!
lol ofcourse not if you live in downtown toronto and order in for every meal, if you live as a normal student and dont waste money it is possibly possible.
So requirement is to show first year of expenses via 10k in GIC and upfront first year tuition fee payment AND to show proofs on how you intend to pay for the rest of the duration. So for the later part (2nd year), you can show any sort of evidence including your/your sponsors bank statements with amount for second year expenses and that amount is for you via a affidavit of support. You may also choose to pay 2 year tuition fee + 20k GIC and trust me, you aren't going to be rejected on financial grounds whatsoever.
In addition, it's a good practice to declare the source of funds.
Bank statements are not reliable if they are fresh. Do consult a professional before filing your visa.
HI
GIC 10K + PAY FULL TWO SEMESTER FEES+FINANCIAL DOCUMENTS OF FATHER OR FAMILY TO SHOW PROOF OF ADDITIONAL FUNDS
APPLY STUDENT VISA BY SDS
GOOD LUCK
GIC 10K + PAY FULL TWO SEMESTER FEES+FINANCIAL DOCUMENTS OF FATHER OR FAMILY TO SHOW PROOF OF ADDITIONAL FUNDS
APPLY STUDENT VISA BY SDS
GOOD LUCK