Study permit applicants need to prove they have sufficient funds to cover tuition fees, and the financial means to support living expenses for the first year of study. This following shows minimum funds required to support yourself as a student and family members who come with you to Canada:
| Number of people | All provinces except Quebec |
| Single student | Tuition plus $10,000 for a 12-month period (or $833 per month) |
| For one accompanying family member add: | $4,000 for a 12-month period (or $333 per month) |
| For each additional family member, add: | $3,000 for a 12-month period per dependent child of any age (or $255 per month) |