+1(514) 937-9445 or Toll-free (Canada & US) +1 (888) 947-9445

Finances

studentapplyins00on

Star Member
Oct 3, 2024
67
3
Hi all,

I need help clarifying some points. I have been accepted into a 1.5-year foundation program (ICM) which will allow me to progress to the University of Manitoba. I’ve paid my first-year tuition in full, got my PAL etc.

However, I am a bit confused about the financial documentation.

First, I’m uncertain whether I should apply for a study permit for just the 1.5 years of the foundation program, as the remaining 3 years will be at a different Designated Learning Institution (DLI), or if I should apply for the entire duration of my studies, including both the foundation program and the bachelor’s program at the University of Manitoba.

In terms of finances, my father is sponsoring my studies and has approximately 70,000 CAD in his bank account in savings from his time working abroad, in addition to the tuition already paid for my first year.

He also owns properties, and his plan is to sell a portion of his land to cover the rest of my studies. One student advisor mentioned that a visa officer might not be convinced by the sale of property and advised that I should not mention it in my application. Is this true? Since I have enough funds for my first year and will apply for a permit extension when necessary, shouldn’t the visa officer assess my financial situation at the time of my extension application, rather than focusing on the entire 4-year amount now?

My main concern is that my father’s salary, while quite good by Egyptian standards, may not appear as substantial when converted to USD or CAD. Like many who have worked abroad, he earned a higher salary during his time overseas and saved diligently until he decided to return to Egypt. While he now lives comfortably here, his current salary might not seem impressive in comparison to international standards. Could this be an issue for the visa application?

What are my overall chances? I think I have good grades and a good convincing case overall.

Thank you in advance for your help.
 

studentapplyins00on

Star Member
Oct 3, 2024
67
3
No one can tell you. Funds are just one part. Program needs to show career and education advancment when you return to home country.
I think my case is quite convincing in that regard and I do have some friends with the same exact case and got approved but they had better finances so that is the only part where I am not sure about.
 

canuck78

VIP Member
Jun 18, 2017
55,404
13,454
I think my case is quite convincing in that regard and I do have some friends with the same exact case and got approved but they had better finances so that is the only part where I am not sure about.
In general IRCC likes to see a guaranteed source of funds for your education. Saying you will liquidate assets means IRCC has to trust that you will do so, that it will be easy to sell and that you will get the price you anticipated. Hard to predict how IRCC will treat this especially because you are only applying to the pathway program and will have to be evaluated for the degree program again.
 

Han.nah

Newbie
Nov 5, 2024
2
0
I think you should submit all documents showing the sources of savings (payslips, labor contract, insurance...). Sale of properties or house/car rental should be fine if going with tax payment documents or something like that.

In case of visa outcome, I think it combines different factors, for example: Your academic/English performance, funds of sponsors, study plan, career expectation, benefits of the courses towards your future job, ect.

Hope this helps and good luck to you
 

studentapplyins00on

Star Member
Oct 3, 2024
67
3
In general IRCC likes to see a guaranteed source of funds for your education. Saying you will liquidate assets means IRCC has to trust that you will do so, that it will be easy to sell and that you will get the price you anticipated. Hard to predict how IRCC will treat this especially because you are only applying to the pathway program and will have to be evaluated for the degree program again.
Yeah true , I will be also proving that the current funds in my fathers bank account was indeed was from a recent property sale. Shouldn’t that prove anything to the visa officer?