If you’re looking to relocate to Canada, it’s critical to remain updates to speed on the latest news and developments that may effect your trip. Recently, the Canadian government announced three significant updates for international students. These changes are set to impact Indian students studying in Canada and those planning to move there. Information on these amendments which will be effective from January 1st, 2024.
- Increased GIC Amount: Previously, students were required to deposit a Guaranteed Investment Certificate (GIC) of 10,000 Canadian dollars to obtain a Canadian visa. Now, this amount has been doubled, meaning students are now required to deposit 20,635 Canadian dollars annually.
- Expanded Work Hours: International students from India and other countries planning to stay in Canada and who have applied for a student visa before December 7th, 2023, will be allowed to work full-time until April 30th, 2024. This means that off-campus employment will now be permitted for up to 40 hours per week instead of the previous limit of 20 hours.
- Changes, to the Post Graduate Work Permit; In the past the Canadian government has granted a three-year work permit to graduate students for each year from 2021, to 2023. Additionally, they have extended these permits by a 18 months without any charges. However, it is important to note that these extensions will no longer be available. As a result, individuals who wish to extend their work permits will need to either continue their studies or secure employment opportunities.
These modifications demonstrate the governments dedication to providing students with a high standard of living and guaranteeing their financial security while they are, in the country. It’s crucial for prospective students to consider these updates as they prepare for their educational journey in Canada.
Furthermore, Minister Miller discussed updates on three temporary policies impacting international students. One of the policies involves loosening the restriction, on off campus work increasing the limit from 20 hours to 40 hours until April 30 2024. Another significant action announced by Minister Miller is an extension of 18 months for graduate work permits given to international students coming to Canada between 2021 and 2023. However, students intending to pursue graduate studies will not be eligible for this extension. Instead, they must follow the Government of Canadas policy that requires them to explore employment opportunities. Only those who comply with these policy guidelines will be allowed long term residence, in Canada after graduation.
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Disclaimer: This article is for informational purposes only, exclusively written and published by IntraSource. The published information is sourced from various trusted platforms, such as news agencies and online media, mainly the Government of Canada and Canadian online media/websites, and should not be considered as legal or professional advice. IRCC’s requirements may change, so consult a lawyer/s and receive professional advice before making decisions or applications.