Canada increases POF, extends waiver of working hours.

Canada’s minister of immigration, refugees and citizenship, Marc Miller has announced that the cost-of-living criteria for individuals applying for study permits in Canada will increase in 2024.

  • Starting from January 1, 2024, each applicant will need to show they have $20,635, in addition to their first year of tuition and travel costs.
  • The new cost is more than double the current requirement of $10,000, an amount brought in during the early 2000s that has not been adjusted since.
  • The IRCC also announced the extension of the waiver on the 20-hour per week work cap for international students until April 30, 2024.