sternakin:
HOW MUCH PROOF OF FUND IS REQUIRED FOR STUDY VISA TO CANADA EFFECTIVE FROM JANUARY 2024.

It is no longer a news that Canada’s Immigration Minister has provided some information for international students most especially those willing to apply for study permit effective from 1st January, 2024 that the cost of living proof of funds requirements for study permit applicants will need to show as living expenses is now $20,635. In addition to this proof of living expenses, applicants are to provide proof of their first year of tuition and other travel costs.

Scenarios with estimatated one year tuition fees of 20,000 (depending on the school) & minimum travel cost per person of $2000 CAD based on the new cost of living:

Single applicant:

Tution Fees. - $20,000
Living Expenses - $20,636
Transportation. - $2,000
Minimum Funds Required = $42,536.

Family of 2:

Tution Fees. - $20,000
Living Expense. - $25,691
Transportatiońn. -$4,000
Minimum Funds Required=$49,691

Family of 4:

Tution Fees. - $20,000
Living Expense. - $38,346
Transportation. - $8,000
|Minimum Funds Required=$66,346

Note that the tuition fee can vary depending on the school and course but the rest funds are the minimum required.

What the above implies is that relocating to Canada through study route is no longer a joke but has to be taking with total seriousness and commitment whilst you provide more genuine documents to proof your financial capability to fund the study and strong home tie that you'll return to your home country on completing the study.

Let it be known that when you applied for admission, you did that for yourself alone, but when applying for visa, you can include your family (spouse and children) for your study visa

On that note, your visa application shall then largely be determined by three things:

* Purpose of study
* Proof of funds
* Home ties

These three things are the expectations for single applicants as well, but if applying as a family, you have a stronger justification to make. You will need to show adequate funds to cater for the family, justify the importance of having family members with you, and that you have other ties to your country.

Purpose of study:

In your study plan/letter of explanation, you will need to convincingly explain the reasons you chose to study in Canada and why your spouse & children should accompany you to Canada.

Your children can apply for a visitor/study permit (depending on age), and spouse, a visitor/work permit (depending on what they intend to do in Canada)

NB: If you are a student going to a school/program that is not eligible for a post-graduation work permit (PGWP), your spouse is not eligible for the spousal open work permit (SOWP).

This is one of the important reasons to ensure the program you apply for is eligible for PGWP. The study plan helps you to justify the purpose of your study & the importance of having your family with you so that your spouse can work and support the family while you're are studying.

Other reasons could be anything from the fact that your children are young, or your family has never been apart before. Family unification is important to Canada, so you can leverage on that.

Proof of funds (POF)

If you intend to apply with your family, you will have to pay extra application fees & also show more POF than a single applicant. You must also show that you have sufficient funds to support yourself & the family members accompanying you without working in Canada. You are expected to show enough to cover your tuition and living expenses as the student; and the additional funds for the living expenses of those accompanying you. And the total funds you need will depend on your own family number.


Home ties

Proof of home ties, this is very crucial and an important aspect of the Canadian study visa application owing to the fact that many applicants have been denied based on insufficient proof of home ties, that simply means having sufficient fund is not enough to guarantee your visa approval. As an international student, you are a temporary resident & need to show that you have reasons to leave Canada after your study (if required to do so).

IRCC wants to see evidence of your home ties. Many applicants find it easier to use their family members as part of their home ties. But in the case you're applying with your family, it means you must be ready to show other ties.

It could be your business, investments, employment, financial assets and most importantly landed properties (which are mostly preferred cos they hardly depreciate in value but appreciate more over time).

Therefore, you must know what the visa officers want to see and craft your application to satisfy them. Submitting a valuation report of your landed assets (land & building) along with other required documents for visa application could actually boost your chance of visa approval.

Just like applicants submit bank Statement to show how much fund he or she has to fund the study or visit. Same is for valuation report that show how much an applicant has in landed properties that could facilitate his or her return and what he has/have in landed properties that can be liquidated to raise more funds if the need arises or back up source of fund in account as the case may be, thus it is a very vital document for applicants to submit.

Either for visit, study, medical or other temporary or permanent residency visa applications, it is strongly advisable for applicants to provide a valuation report of their property(ties) in order to assist and convince visa officer about their economic/financial status in their home country and also as proof of strong home tie to pull the applicant to return on expiration of period granted.

Property Valuation report could make a visa officer develop good mental picture of who the applicant is, it just like what CV is to a job recruiter. An employer can develop an idea who a job seeker is through the CV to decide if the job seeker should be considered or not. A valuation report describe in detail the property(ies) owned by the visa applicant and the corresponding value of such a property either a house undeveloped land, agricultural farmlands etc which undoubtedly could be a strong proof of the applicant tie to the home country that can pull him/her back after his/her study.

This document shows the amount of wealth you own in property(ties) in your homeland which will make a strong pull factor for your return to your homeland once the purpose of your visit is over and that may eliminate doubt of your return and one point of visa rejection.

Also, it could serve as a support document to your proof of fund which are usually liquid assets such as bank deposit etc. It will make lots of senses if you have good financial status as confirmed by your bank statement of account and property or assets valuation report to corroborate your status.

In view of above, you may wish to consult us for engagement in providing you with this service of property valuation to meet your immigration purpose or whatsoever, our expertise team of Registered Estate Surveyors & Valuers with indepth knowledge of valuation will do justice to that to achieve your maximum satisfaction with utmost professionalism.

For any further inquiries with a view to engaging our service, do not hesitate to contact +2349049045703 (Whatsapp only) or +2348032296562.

Here to serve you right...you will be glad u did!.

Thank you

Note: Once you present your application well and provide the required documents in the 3 areas of consideration, your application is good to go.

sternakin:
HOW MUCH PROOF OF FUND IS REQUIRED FOR STUDY VISA TO CANADA EFFECTIVE FROM JANUARY 2024.

It is no longer a news that Canada’s Immigration Minister has provided some information for international students most especially those willing to apply for study permit effective from 1st January, 2024 that the cost of living proof of funds requirements for study permit applicants will need to show as living expenses is now $20,635. In addition to this proof of living expenses, applicants are to provide proof of their first year of tuition and other travel costs.

Scenarios with estimatated one year tuition fees of 20,000 (depending on the school) & minimum travel cost per person of $2000 CAD based on the new cost of living:

Single applicant:

Tution Fees. - $20,000
Living Expenses - $20,636
Transportation. - $2,000
Minimum Funds Required = $42,536.

Family of 2:

Tution Fees. - $20,000
Living Expense. - $25,691
Transportatiońn. -$4,000
Minimum Funds Required=$49,691

Family of 4:

Tution Fees. - $20,000
Living Expense. - $38,346
Transportation. - $8,000
|Minimum Funds Required=$66,346

Note that the tuition fee can vary depending on the school and course but the rest funds are the minimum required.

What the above implies is that relocating to Canada through study route is no longer a joke but has to be taking with total seriousness and commitment whilst you provide more genuine documents to proof your financial capability to fund the study and strong home tie that you'll return to your home country on completing the study.

Let it be known that when you applied for admission, you did that for yourself alone, but when applying for visa, you can include your family (spouse and children) for your study visa

On that note, your visa application shall then largely be determined by three things:

* Purpose of study
* Proof of funds
* Home ties

These three things are the expectations for single applicants as well, but if applying as a family, you have a stronger justification to make. You will need to show adequate funds to cater for the family, justify the importance of having family members with you, and that you have other ties to your country.

Purpose of study:

In your study plan/letter of explanation, you will need to convincingly explain the reasons you chose to study in Canada and why your spouse & children should accompany you to Canada.

Your children can apply for a visitor/study permit (depending on age), and spouse, a visitor/work permit (depending on what they intend to do in Canada)

NB: If you are a student going to a school/program that is not eligible for a post-graduation work permit (PGWP), your spouse is not eligible for the spousal open work permit (SOWP).

This is one of the important reasons to ensure the program you apply for is eligible for PGWP. The study plan helps you to justify the purpose of your study & the importance of having your family with you so that your spouse can work and support the family while you're are studying.

Other reasons could be anything from the fact that your children are young, or your family has never been apart before. Family unification is important to Canada, so you can leverage on that.

Proof of funds (POF)

If you intend to apply with your family, you will have to pay extra application fees & also show more POF than a single applicant. You must also show that you have sufficient funds to support yourself & the family members accompanying you without working in Canada. You are expected to show enough to cover your tuition and living expenses as the student; and the additional funds for the living expenses of those accompanying you. And the total funds you need will depend on your own family number.


Home ties

Proof of home ties, this is very crucial and an important aspect of the Canadian study visa application owing to the fact that many applicants have been denied based on insufficient proof of home ties, that simply means having sufficient fund is not enough to guarantee your visa approval. As an international student, you are a temporary resident & need to show that you have reasons to leave Canada after your study (if required to do so).

IRCC wants to see evidence of your home ties. Many applicants find it easier to use their family members as part of their home ties. But in the case you're applying with your family, it means you must be ready to show other ties.

It could be your business, investments, employment, financial assets and most importantly landed properties (which are mostly preferred cos they hardly depreciate in value but appreciate more over time).

Therefore, you must know what the visa officers want to see and craft your application to satisfy them. Submitting a valuation report of your landed assets (land & building) along with other required documents for visa application could actually boost your chance of visa approval.

Just like applicants submit bank Statement to show how much fund he or she has to fund the study or visit. Same is for valuation report that show how much an applicant has in landed properties that could facilitate his or her return and what he has/have in landed properties that can be liquidated to raise more funds if the need arises or back up source of fund in account as the case may be, thus it is a very vital document for applicants to submit.

Either for visit, study, medical or other temporary or permanent residency visa applications, it is strongly advisable for applicants to provide a valuation report of their property(ties) in order to assist and convince visa officer about their economic/financial status in their home country and also as proof of strong home tie to pull the applicant to return on expiration of period granted.

Property Valuation report could make a visa officer develop good mental picture of who the applicant is, it just like what CV is to a job recruiter. An employer can develop an idea who a job seeker is through the CV to decide if the job seeker should be considered or not. A valuation report describe in detail the property(ies) owned by the visa applicant and the corresponding value of such a property either a house undeveloped land, agricultural farmlands etc which undoubtedly could be a strong proof of the applicant tie to the home country that can pull him/her back after his/her study.

This document shows the amount of wealth you own in property(ties) in your homeland which will make a strong pull factor for your return to your homeland once the purpose of your visit is over and that may eliminate doubt of your return and one point of visa rejection.

Also, it could serve as a support document to your proof of fund which are usually liquid assets such as bank deposit etc. It will make lots of senses if you have good financial status as confirmed by your bank statement of account and property or assets valuation report to corroborate your status.

In view of above, you may wish to consult us for engagement in providing you with this service of property valuation to meet your immigration purpose or whatsoever, our expertise team of Registered Estate Surveyors & Valuers with indepth knowledge of valuation will do justice to that to achieve your maximum satisfaction with utmost professionalism.

For any further inquiries with a view to engaging our service, do not hesitate to contact +2349049045703 (Whatsapp only) or +2348032296562.

Here to serve you right...you will be glad u did!.

Thank you

Note: Once you present your application well and provide the required documents in the 3 areas of consideration, your application is good to go.