Showing Funds - Canada Student Visa

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Hi,

I want to get clarity on showing funds for study visa to Canada.

I read on a third-party website that creating a GIC account (may be it is a kind of fixed deposit account) of $10000 with Scotia Bank is sufficient proof of funds.

Is it true and acceptable?
Can it be made anytime or should it be few months old?

Thanks & Regards,
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[scylla]

It's not sufficient for proof of funds. It's sufficient to show you have enough funds to cover living expenses only. To be approved for a study permit, in addition to the $10K, you also need to show you have enough money to cover first year tuition.

 

[define]

Hi,

Thanks for your reply!

In that case, how much old (in months) the funds should be?

Thanks & Regards,
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