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

Sufficient Funds

Koishii

Full Member
Feb 5, 2009
32
0
I spoke to an immigration lawyer a few months back, and I asked her about the possible ways to immigrate to Canada. One of them, get married. The other, get a student visa. So I am considering the student visa route, seeing as I wish to further my education anyway. The main issue is having to prove I hold 'sufficient funds'. What does this mean exactly? Just enough to pay tuition? Or is there more? Also, if I were to apply for a school loan... would that not count as sufficient funds? Because otherwise, I do not currently have nearly enough money on my own.
 

matt84

Star Member
Jan 10, 2010
59
0
124
Fredericton, NB
Job Offer........
Pre-Assessed..
tuition fee for your first two semesters plus CAD 10,000 for living expenses plus return transportation.

no idea about student loans, sorry.
 

PMM

VIP Member
Jun 30, 2005
25,494
1,950
Hi

matt84 said:
tuition fee for your first two semesters plus CAD 10,000 for living expenses plus return transportation.

no idea about student loans, sorry.
You have to be a PR or Citizen for student loans in Canada.

PMM
 

ramanbeedh

Hero Member
Jan 7, 2010
210
1
Category........
Job Offer........
Pre-Assessed..
App. Filed.......
20-02-2011
AOR Received.
04-03-2011
IELTS Request
submitted with app
File Transfer...
27-04-2011
Med's Request
28-09-2011
Med's Done....
8-11-2011
Permanent resident
 

Karlshammar

Champion Member
Sep 3, 2009
1,554
97
Job Offer........
Pre-Assessed..
A Permanent Resident is a permanent immigrant who has not yet become a citizen. They have most of the rights of citizens. The main differences are that they cannot vote, can't hold certain jobs, and will lose their status if they stay outside of Canada far too long.

You can take a bank loan to support your studies, though it would have to be through your home country, because Canadian banks are extremely unlikely to lend you the money.