Article Top Leaderboard (Above Headline) Dimensions: 728 × 90 px
Canada SDS vs Non-SDS Study Permit: Processing Times and GIC Investment Guidelines
Understanding the $20,635 Guaranteed Investment Certificate (GIC) requirement and proof of upfront tuition payment for Canadian visas.
To ensure international scholars can sustain living costs amidst Canadian metropolitan inflation, IRCC enforces the enhanced cost-of-living benchmark. Students must purchase a GIC from approved Canadian financial institutions such as Scotiabank, CIBC, or RBC.
In-Article Middle Banner (728 × 90 px) Dimensions: 728 × 90 px
Related Higher Study & Visa Guides
Canada IRCC Announces 2026 Provincial Attestation Letter (PAL) Quotas for Universities
Oct 19
University of Toronto and McGill Offer Merit Entrance Grants up to $25,000 for Autumn
Oct 19
Post-Graduation Work Permit (PGWP) 2026 Reforms: Approved CIP Codes Explained
Oct 16