Query related application for study permit

[Eashan]

I got admitted for a Masters in computer science program in the DalHousie university, and I am preparing my documents for study permit. I have the following questions for the same.

1 - My first year fee is16k Canadian dollar + 10K Canadian dollar so total 26k Canadian dollar for first year. Is this amount sufficient to get a study permit? if not then approx how much is the expectation?

2 - I have invested around 15 thousand dollars in Mutual funds, Can I show the bank statement and nominee paper ( I am the nominee) from the bank of that investment as an asset on my name? Will this be considered one of the factors for means of Financial support?

 

[ChaChaVidhayakHain]

You need to show enough finance to cover your first-year tuition and living expenses. So yes, a minimum of 16k tuition and 10k for living expenses is what you need to show for the permit.

The below is a statement from the study permit application:
Preferred Option for Proof of Funds: Evidence of purchase of a special Guaranteed Investment Certificate (GIC) from a participating Canadian financial institution, in the amount of $10,000 CAD to cover living expenses for your first year in Canada and evidence of payment for your tuition. In the alternative, you can fulfill the financial requirement by submitting a copy of the receipt for your tuition fee) AND a copy of an Educational Loan from an Indian Chartered Bank equivalent to $10 000 CAD.

The mutual funds may compliment your application but I wouldn't advise making these the primary proof of finance.

 

[Eashan]

Thank

You need to show enough finance to cover your first-year tuition and living expenses. So yes, a minimum of 16k tuition and 10k for living expenses is what you need to show for the permit.

The below is a statement from the study permit application:
Preferred Option for Proof of Funds: Evidence of purchase of a special Guaranteed Investment Certificate (GIC) from a participating Canadian financial institution, in the amount of $10,000 CAD to cover living expenses for your first year in Canada and evidence of payment for your tuition. In the alternative, you can fulfill the financial requirement by submitting a copy of the receipt for your tuition fee) AND a copy of an Educational Loan from an Indian Chartered Bank equivalent to $10 000 CAD.

The mutual funds may compliment your application but I wouldn't advise making these the primary proof of finance.

Thank you so much for the response!! And one more question - how much time does it take to give BIL after submitting document online and fees payment?

 

[ChaChaVidhayakHain]

You're welcome! People usually get their BIL within 24 hours.