When you prepare to apply for your study permit in Canada, | wanted to remind you about the requirement for a Guaranteed Investment Certificate (GIC)
account. The Canadian government mandates that international students have a GIC account as part of their financial proof when applying for a study
permit. This account demonstrates your ability to cover living expenses during your studies in Canada.
Please ensure you have:
Choose a bank or financial institution authorized by Immigration Refugees and Citizenship Canada (IRCC) to offer GICs.
Typically, you need to deposit CAD 20,885 in your GIC account, which will be disbursed to you in instalments to support your living expenses during yourfirst year of study.
Once your account is set up and funds deposited, you will receive a certificate confirming Ri GIC investment. This certificate is a crucial document for
your study permit application.
Here are some key features of your GIC account:
Your GIC account is backed by a Canadian financial institution approved by Immigration, Refugees and Citizenship Canada (IRCC). This ensures that your funds are securely
held and accessible when needed for your living expenses during your first year of studies.
The GIC account provides a stable financial foundation by disbursing your funds in instalments to cover your living expenses, helping you focus on your academic pursuits
without financial worries.
Our dedicated team is here to assist you every step of the way. If you have any questions or need guidance regarding the GIC account process or your study permit
application, please feel free to contact us.
Advantages of having a Guaranteed Investment Certificate (GIC) account, which is a crucial requirement for international students coming to Canada.
Financial Assurance: Your GIC account provides proof of funds required by Immigration, Refugees and Citizenship Canada (IRCC). By depositing CAD 20885, you ensure
that you have sufficient funds to cover your living expenses during your first year in Canada.
The GIC account is held with a Canadian financial institution approved by IRCC, ensuring your funds are securely managed and accessible when needed. This stability helps
you focus on your studies without worrying about financial uncertainties.
Your funds will be disbursed in instalments to support your living expenses, providing a reliable financial source throughout your initial year of studies in Canada.
We understand that navigating the requirements, including the Guaranteed Investment Certificate (GIC) program, can seem overwhelming. Rest assured,
we are here to provide the support and guidance you need every step of the way.
Our dedicated team at our Office is available to assist you with setting up your GIC account. Whether you have questions about selecting a participating
financial institution or need clarification on the deposit process, we’re here to help.
We provide detailed information on the GIC program requirements and procedures to ensure you understand the financial aspects of your study permit
application thoroughly.
Throughout the process, we will keep you informed about any updates or changes related to the GIC program or study permit application guidelines.
Please feel free to reach out to us if you have any questions or need assistance with your GIC program or study perm application. We are committed to
supporting your academic journey