Hello everyone, Im a 17 year old that applied for my study permit in April 15th, 2025 but I’m worried about my proof of funds. My tuition for the first year is 24,700 and my father’s bank balance is 43,200 Cad. He owns an engineering company that gets construction contracts with advance payments. I want to know if these advance payments in the contracts can be used as proof of funds since his bank balance is 2000 cad short or am I just overthinking.
Study Permit Proof of Funds
- Thread starter Alex092
- Start date
Hello, you’re not overthinking, and your concern is completely valid. Based on what you’ve shared, your situation actually looks quite reasonable. Immigration officers usually look at overall financial stability, not just an exact number on one day. Your father’s bank balance of 43,200 CAD is very close to the required amount, and the fact that he owns an engineering company with active construction contracts strengthens your case.
Advance payments mentioned in official contracts can help support proof of funds, especially if you can show signed agreements, company bank statements, and evidence that these payments are legitimate and recurring. It’s also helpful if the source of funds is clearly explained in a cover letter
Since you’re 17, officers also tend to look at family support and long-term financial capacity, not just a shortfall of 2,000 CAD. Many applicants stress over small gaps like this, but proper documentation usually matters more.
In South Africa, we see similar concerns with people applying for assistance programs like SASSA, where applicants worry about minor eligibility issues. In most cases, clear documentation and honest explanations make a big difference. The same principle applies here.
Advance payments mentioned in official contracts can help support proof of funds, especially if you can show signed agreements, company bank statements, and evidence that these payments are legitimate and recurring. It’s also helpful if the source of funds is clearly explained in a cover letter
Since you’re 17, officers also tend to look at family support and long-term financial capacity, not just a shortfall of 2,000 CAD. Many applicants stress over small gaps like this, but proper documentation usually matters more.
In South Africa, we see similar concerns with people applying for assistance programs like SASSA, where applicants worry about minor eligibility issues. In most cases, clear documentation and honest explanations make a big difference. The same principle applies here.