Financial Requirements for Canadian Immigration
A comprehensive overview of financial thresholds for major Canadian immigration programs. Use these tables to understand the proof of funds you need for your application.
Last Updated: March 2026
Important: Super Visa Changes Effective March 31, 2026
Starting March 31, 2026, the Super Visa income assessment period changes from 1 year to 2 years. Additionally, the visiting parent or grandparent can now supplement the host's income to meet the financial threshold. Review the updated tables below and consult with us if you have questions about how this affects your application.
Student Proof of Funds
Minimum funds required for study permit applications (excluding tuition)
| Study Location | Amount (CAD) | Details |
|---|---|---|
| Outside Quebec | $20,635 | 12 months of living expenses for a single applicant, as set by IRCC |
| Quebec | $22,895 | Quebec has higher living cost thresholds; applicants must also obtain a CAQ |
Note: These amounts are in addition to your first year of tuition and travel costs. If accompanied by family members, additional funds are required. Amounts may be updated annually by IRCC.
Parents & Grandparents Sponsorship (PGP) - Income Requirements
Minimum Necessary Income (MNI) based on LICO+30% for 3 consecutive tax years (2024 Tax Year)
| Family Size | Minimum Necessary Income (CAD) |
|---|---|
| 2 persons | $47,549 |
| 3 persons | $58,456 |
| 4 persons | $70,972 |
| 5 persons | $80,483 |
| 6 persons | $90,750 |
| 7+ persons | $101,018 |
Note: Family size includes the sponsor, their dependants, and the persons being sponsored. Income must be demonstrated for 3 consecutive tax years. For each additional person beyond 7, add approximately $9,747.
Super Visa Income Thresholds
Host's minimum income requirement based on LICO (effective March 31, 2026: 2-year assessment period; visiting parent/grandparent can supplement host's income)
| Family Size | Minimum Income (CAD) |
|---|---|
| 2 persons | $38,002 |
| 3 persons | $46,720 |
| 4 persons | $56,724 |
| 5 persons | $64,324 |
| 6 persons | $72,526 |
| 7+ persons | $80,728 |
Note: Effective March 31, 2026, the income assessment period changes from 1 year to 2 years. The visiting parent or grandparent can now supplement the host's income to meet the threshold. Family size includes the host, their dependants, and the person(s) being invited. Super Visa also requires proof of private Canadian medical insurance.
Express Entry Proof of Funds
Settlement funds required unless you have a valid Canadian job offer
| Family Members | Required Funds (CAD) |
|---|---|
| 1 person | $14,690 |
| 2 persons | $18,288 |
| 3 persons | $22,483 |
| 4 persons | $27,297 |
| 5 persons | $30,690 |
| 6 persons | $34,917 |
| 7+ persons | $38,875 |
Note: You do not need to show proof of funds if you currently have a valid job offer from a Canadian employer. Funds must be available and transferable, typically demonstrated through bank statements from the past 6 months. For each additional family member beyond 7, add approximately $3,958.
Need Help Understanding Your Financial Requirements?
Financial thresholds can change and vary by program. Book a consultation to get personalized guidance on the funds you need for your immigration application.