The recent update to the Proof of Financial Support under Study Permit Program Delivery Instructions is another example of IRCC tightening its approach to TRV applications.

The upside is clear.
Instead of requiring proof of funds for the full duration of a program, applicants are now only required to demonstrate financial resources for the first year of studies. This includes tuition, living expenses, and travel costs to and from Canada.

However, the expectations behind the numbers have become much stricter.

It is now explicit that visa officers assess not only the amount and source of funds, but also retain broad discretion to request additional financial evidence.

Frankly speaking, this is not entirely new in practice, but it is now clearly reflected on paper. Many recent Federal Court rulings have reinforced that applicants must establish not just sufficiency, but also the source and availability of funds.

Common sources of funds may include:
• Parents’ employment income
• Scholarships or assistantships
• Financial support from relatives in Canada

What requires special attention is the history and movement of funds.
Avoid any “fund parking” scenarios.

For applicants whose family income is primarily from self-employment, business operations, or cash-based income, more comprehensive documentation is often required, such as:
• Business licenses
• Personal account transaction records
• Contracts or invoices

In addition, bank statements are now generally expected to cover at least the past 6 months, rather than 4.

The direction is clear. It is no longer just about showing money in the account. It is about showing a credible financial story. Same rules apply to other TRV applicantions.