Dhiraj Kandel
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The essentials at a glance
Canada student visa proof of funds from Nepal means you show your first-year tuition, CAD 23,448 for living costs and your travel money, outside Quebec. Most Nepali families use bank statements, a parent's income papers or a bank loan. This page covers the amounts, documents, loans, sponsors and common mistakes.
Main points from this page
You must show your first-year tuition, CAD 23,448 for living costs and your travel money, if you study outside Quebec.
Canada’s immigration office, IRCC, wants to see that you can pay for all of this without working in Canada. Our main page on study in Canada from Nepal shows where this fits in your plan. The living cost figure depends on how many people come with you:
| People coming, including you | Living costs a year |
|---|---|
| 1 | CAD 23,448 (about Rs 25 lakh) |
| 2 | CAD 29,192 |
| 3 | CAD 35,888 |
| 4 | CAD 43,572 |
| 5 | CAD 49,419 |
| 6 | CAD 55,736 |
| 7 | CAD 62,054 |
| Each extra person | CAD 6,318 |
These figures apply to applications from 1 September 2026. They don’t include tuition or travel. See today’s rupee value on our CAD to Rs forex converter.
Quebec sets its own amount, and you also need a Quebec Acceptance Certificate there. If you bring family, read our Canada dependent visa guide.
No single balance fits everyone, because the total depends on your tuition, family size and travel cost.
Add up your own figures like this. The tuition below is only an example, so use the figure on your letter of acceptance:
| Item | Amount |
|---|---|
| First-year tuition from your letter | CAD 18,000 |
| IRCC living costs for one student | CAD 23,448 |
| Total before travel | CAD 41,448 (about Rs 44 lakh) |
| Travel to and from Canada | Your own estimate |
If you have paid some tuition, your receipt reduces what is left to show. IRCC says a receipt must come with other papers for living costs and travel. Our guide to the cost of studying in Canada helps you plan the real budget, which can be higher than this minimum.
You don’t need every document, but together your papers must show enough money and where it came from.
IRCC’s list gives examples and says it isn’t complete. This table sets those examples against what Nepali families usually have:
| IRCC’s example | What this usually means in Nepal |
|---|---|
| Bank statements for the past 6 months | Statements in your or your sponsor’s name, up to the month you apply or the month before |
| Proof of a student or education loan from a bank | A loan letter from a Nepali bank, see below |
| Proof of paid tuition and housing | A receipt from your college in Canada |
| Letter from the person giving you money | A letter from your sponsor, with job, relationship, dependants and amount |
| Pay stubs, pension or rental income papers | Salary slips, an income source certificate or rent agreements |
| Proof of a scholarship | Your award letter. If it only covers tuition, you still show living costs. See scholarships in Canada |
Many Nepali files also hold a bank balance certificate, a tax clearance certificate and a property valuation. These support your file, but they don’t replace a clear money trail.
You need both a statement and a certificate in most files, because a statement shows 6 months of history and a certificate shows one day’s balance. Our page on bank statement vs bank balance certificate compares them. The full list of other papers is on our Canada student visa requirements page.
Yes, IRCC lists proof of a student or education loan from a bank as a common proof of funds document.
An education loan for Canada from Nepal works best when the letter is easy to read. Ask your bank for a letter that shows these 5 things:
Our guide to the education loan process in Nepal explains how to apply and what banks ask for. Make sure your family can also show how the loan will be repaid. A loan letter alone doesn’t explain how you will pay for later years.
Parents are the most common sponsors, and IRCC asks for a letter that covers 4 points about the sponsor.
IRCC’s list doesn’t name who may sponsor you. It asks for a letter from the person or institution giving you money, with these 4 details:
They also send proof of your relationship and a copy of their photo ID or business registration. Parents are the easiest to explain. If a grandparent, uncle or sibling pays, say why they are helping you. Our page on the annual income for a Canada student visa explains how sponsor income is read.
IRCC asks your bank statements to show where the money came from, such as a salary or savings.
IRCC says it looks at both the amount and the source. A big balance with no story behind it raises questions, so give each large deposit a paper from these 6 types:
| Where the money came from | Paper that explains it |
|---|---|
| Salary | Employer letter and salary slips |
| Business | Business registration and tax papers |
| Farming or rent | Income source certificate or rent agreement |
| Property sale | Sale papers from the land office |
| Loan | Bank loan letter and release record |
| Fixed deposit | Deposit certificate and maturity record |
A sudden deposit isn’t a problem by itself. It becomes a problem when nobody can explain it, or when it doesn’t match the sponsor’s income.
You show enough money for the first year and tell IRCC how you will pay for the remaining years.
For a 2-year program, explain the second year in plain words. IRCC gives examples such as a scholarship longer than a year, or proof that your parents are employed. Sponsor income, savings and a loan that covers both years can also help. Put this plan in your statement of purpose, so that the numbers match your bank papers.
You can work up to 24 hours a week off campus during classes, but don’t count that income in your plan. IRCC asks you to show the money without working in Canada.
No, a GIC is optional, but it is one accepted way to show living costs.
A GIC is an investment you buy from a Canadian bank, and the bank pays it back to you over your first year. It used to be a key part of the Student Direct Stream, which closed on 8 November 2024.
Today IRCC simply lists it as one example of proof of funds. It only covers living costs, so you still need to show tuition and travel. Our guide to the GIC for a Canada study permit explains when it helps and how to open one.
Yes, you usually need a No Objection Certificate from the Ministry of Education to send fees abroad.
IRCC says that if your country has foreign exchange controls, you must prove you can send your money out. In Nepal, the NOC is the letter that lets a bank give you foreign money for your study. Keep 2 or 3 copies, because your bank and airport immigration may both ask for it.
Our guide to applying for an NOC in Nepal shows the steps, the documents and the fee. Allow time for this, because you usually have to pay some tuition to get your PAL, the letter from the province. Our PAL/TAL guide explains that step.
The 5 mistakes you can most easily avoid are about unclear money, not about having too little of it.
An officer must also be satisfied that you will leave Canada when your permit ends, so pick a course your family can afford. If you have had a refusal, read our guide on a Canada student visa refusal. If you are comparing advisers, see how to pick the best consultancy for Canada. Goreto has branches in Kathmandu, Lalitpur, Chitwan, Itahari and Pokhara, and you can talk to a counselor about your family’s file.
One student outside Quebec shows CAD 23,448 a year for living costs, plus first-year tuition and travel. Family members add to the living cost figure.
Yes, Nepali banks give education loans, usually with security. IRCC accepts proof of an education loan from a bank as one type of funds. The loan guide above explains the process.
Usually not on its own. IRCC asks for statements with the source of income, and your papers together must cover tuition, living costs and travel.
IRCC names statements for the past 6 months, including the month you apply or the month before. Older history can help if a deposit needs more explanation.
Yes, IRCC doesn’t limit it to parents. The sponsor gives a letter with their job, relationship to you, dependants and the amount, plus proof of the relationship.
A valuation supports your family’s position, but IRCC’s examples focus on money you can use. Keep it as support for your bank and income papers.
You show enough for the first year in full. For longer programs you also tell IRCC how you will pay for the remaining time.
Yes, Quebec sets its own amount, and you need a Quebec Acceptance Certificate. Read the current figure from Quebec’s immigration ministry before you apply.
Yes. If the officer isn’t satisfied that you can pay for tuition, living costs and travel, your application can be refused, even with a good letter of acceptance.
Reference links
Important guidance note
This page provides general guidance about studying abroad. Requirements, fees and policies can change. For advice about your situation, speak with a Goreto counselor before applying.
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