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Is GIC Mandatory for inside Canada study permit?

rajnathan

Newbie
Sep 11, 2019
3
0
I am currently pursuing my ELL course in Canada and would be applying for Study Permit soon. Before I apply below are the questions and it will be appreciated if someone has answers for them:

Do I need GIC in this case ? And/Or I can show the same amount in my account and apply for study permit?
 

raghavgrover

Star Member
Jul 26, 2019
185
57
If you have GiC of 10k for 1 year , you dont need to provide any bank records etc and that can be evidence that you can support yourself and that’s what I have heard. Better to hire an attorney who can help you understand all of this.
I am not on study permit and not in Canada ( just something that I have heard from my friends and it might be wrong )
 

bongoman

VIP Member
Dec 3, 2014
4,176
812
GIC is not required, it is just one way & maybe most believable way to show funds proof, read the instructions for your country.
 

Shereen7393

Full Member
Aug 28, 2018
45
3
Hi,

I will be applying for my study permit inside Canada, I am right now in India. Can I get a GIC certificate from here and use it while applying from Canada. I don't an account with a Canadian bank. My savings are with my local bank in India. So, I believe getting a GIC will help.
Can somebody suggest if its alright to do this?

Thanks.
 

captainarabiia

VIP Member
Mar 17, 2015
3,039
672
Winnipeg
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Hi,

I will be applying for my study permit inside Canada, I am right now in India. Can I get a GIC certificate from here and use it while applying from Canada. I don't an account with a Canadian bank. My savings are with my local bank in India. So, I believe getting a GIC will help.
Can somebody suggest if its alright to do this?

Thanks.
What's your status in Canada ?
 

Shereen7393

Full Member
Aug 28, 2018
45
3
My india bank statement?
But getting GIC will also not harm, right? Because i have applied for it but yet to transfer the money.