Proof of Funds for Study Permit?

[collegehopeful]

Hi everyone!

I'm currently an international student in an American college. I'm planning on transferring to a Canadian school for Fall 2016 because the programs (at least the ones I'm applying to) are just as strong and reputable but more affordable, and I don't really like my current school.
Anyway, I'm here because I'm not sure what exactly is required as proof of funds.
They give you a few options on how to do it, and the two I see most practical are either showing 4 months of bank statements or showing proof of having paid the tuition and accommodation fees.
For the 4 months of bank statements though, I'm not sure I'll have the full amount required for that entire period. Could that be a problem? My parent's bank account fluctuates a lot. We will certainly have the money by the time I apply. As an example, if the total fees are 30k, and the first statement shows 20k, and then an additional 5k each following month, is that ok?
As an alternative, I could pay the entire fees for one year by the time I apply, but I'm guessing that's rather unusual. Is it? Is there a catch to this option?
What do you recommend?

I appreciate your advice!

 

[Papa Bomboy]

Hello collegehopeful,

Am not an expert at this at all but what some students from Nigeria do is pay the first year tuition and accommodation and then show financial proof from a sponsor. My cousin did the same thing 3 years ago as well and he is currently in Manitoba.

 

[J5M]

Hi,

Hi everyone!

I'm currently an international student in an American college. I'm planning on transferring to a Canadian school for Fall 2016 because the programs (at least the ones I'm applying to) are just as strong and reputable but more affordable, and I don't really like my current school.
Anyway, I'm here because I'm not sure what exactly is required as proof of funds.
They give you a few options on how to do it, and the two I see most practical are either showing 4 months of bank statements or showing proof of having paid the tuition and accommodation fees.
For the 4 months of bank statements though, I'm not sure I'll have the full amount required for that entire period. Could that be a problem? My parent's bank account fluctuates a lot. We will certainly have the money by the time I apply. As an example, if the total fees are 30k, and the first statement shows 20k, and then an additional 5k each following month, is that ok?
As an alternative, I could pay the entire fees for one year by the time I apply, but I'm guessing that's rather unusual. Is it? Is there a catch to this option?
What do you recommend?

I appreciate your advice!

Whatever it is, you need minimum CAD 10,000 (living expenses) + first year of tuition.