New Requirements for International Students in Canada in 2024: What You Need to Know
If you dream of studying in Canada, stay tuned for the latest changes announced by immigration minister, Marc Miller, on 12/08/23. Starting next year, future international students will need to prove the amount of CAD $20.635, compared to the $10,000 that was required over the past two decades, in addition to covering travel and tuition expenses. It is a difference that can impact many plans and it is increasingly necessary to plan in advance.
This amount will be adjusted annually based on a benchmark from the Statistics Canada for living costs. Additionally, Miller extended a waiver that allows current international students without work visas to work more than 20 hours per week off campus.
Here is a summary of some important information:
1. When does the change take effect?
– From January 1, 2024, the new financial requirement only applies to new study visa applications.
2. Is the value of $20.635 annual or one-off?
– This amount is a one-time requirement. You only check once.
3. Who can work more than 20 hours a week?
– Currently, any international student without a work visa (but with a college/university study visa) can work more than 20 hours per week off campus. The exemption for working above this limit has been extended until April 30, 2024 for current students.
4. Does this change aim to combat 'diploma factories', that is, bad colleges and faculties, focused only on making money?
– Marc Miller mentioned concerns about institutions offering inadequate education, taking advantage of the system. At the moment, there are no specific actions aimed at institutions, but the government threatens to reduce visas in provinces that do not cooperate. That's why the BFF Canada is always linked to the best educational institutions in the country and only recommends those that we trust and know the quality and seriousness of.
5. How does this benefit international students?
– Despite the increase, some see the new requirement as a transparent measure of the real costs of living and studying in Canada. While this may result in fewer applications, those who do apply will be more economically prepared, reducing vulnerability to exploitation.
In Canada, we are committed to providing a safe and enriching educational experience for international students and those who wish to stay and immigrate. Count on BFF Canada to guide you on this journey and provide personalized support.
