In a significant development, IRCC has issued a crucial announcement that will directly impact the present and future experiences of international students in Canada. Aspiring students and those already pursuing their education in the country must be well-informed about these changes to navigate the complexities associated with studying in Canada successfully. This article functions as an in-depth guide, elucidating the essential changes, with a particular focus on the adjustment in financial requirements and the extension of off-campus work limits.
Financial requirement adjustment
The Honourable Marc Miller announced that starting January 1, 2024, the cost-of-living financial requirement for study permit applicants will be increased to better prepare international students for life in Canada.
Background on cost-of-living requirement:
The cost-of-living requirement has not changed since the early 2000s and is currently set at $10,000 for a single applicant.
Financial requirement starting 2024:
Starting 2024, a single applicant needs to show:
- First-year tuition and travel costs.
When does it start?
The change in the cost-of-living requirement will apply to new study permit applications received on or after January 1, 2024.
Extension of off-campus work limit
The waiver on the 20-hour-per-week limit for off-campus work for international students, while classes are in session, will be extended.
The extension will be in effect until April 30, 2024.
Increased work hours:
During the specified period, eligible students will be allowed to work off-campus for more than the standard 20 hours per week.
Applicability to current and pending students:
Study permit holders who are meeting certain conditions and those who have submitted a study permit application as of December 7, 2023, will benefit from the extended off-campus work limit.
Future policy considerations
Ongoing examination of options for the future, including the possibility of expanding off-campus work hours for international students to 30 hours per week while classes are in session.
As the IRCC may issue additional announcements to provide more details on these transformative changes, we encourage international students and prospective applicants to stay informed and tuned to further updates.
Source: Government of Canada