IRCC requires a study permit applicant to show funds for living costs beyond tuition, and that figure is revised annually. A net worth certificate from a practising Chartered Accountant evidences the family's overall financial position alongside the GIC and tuition receipts, which it supports rather than replaces.
How much proof of funds does IRCC require for a study permit?
IRCC sets a living-cost figure beyond tuition that is revised annually, so the exact current amount should be confirmed directly on IRCC's website before you finalise your application. What stays stable is the rule: you must show funds for living costs on top of tuition, evidenced through your GIC, tuition receipts and supporting financial documents.
Does a net worth certificate replace the GIC?
No. The GIC (Guaranteed Investment Certificate) and tuition receipts remain required documents for most study permit streams. A CA net worth certificate is additional evidence of your family's overall financial position — it supports the application, it doesn't substitute for the GIC.
Who can issue a net worth certificate for a Canada visa?
Only a practising, ICAI-registered Chartered Accountant, who signs it and generates a UDIN that visa officers can verify independently on the ICAI portal.
Documents typically needed
- Bank statements for the last six months.
- FD and mutual fund statements.
- Property documents, if being included.
- GIC and tuition receipt copies, for context (not certified by us, but useful for consistency).
