Immigration, Refugees and Citizenship Canada (IRCC) announced significant changes to the International Student Program, effective January 1, 2024. These changes focus on enhancing financial support for incoming international students and extending temporary policies designed to support their success.
Key Updates:
The significant increase in the minimum financial requirement is intended to address concerns about international students facing financial hardships and accessing food banks. This measure aims to ensure these students are prepared for the cost of living in Canada and have a positive and successful study experience.
International education contributes significantly to Canada’s economy, generating over $22 billion annually and supporting over 200,000 jobs. The program changes demonstrate IRCC’s commitment to attracting and supporting international students while ensuring their well-being and success in Canada.
IRCC continues to explore additional measures to improve the international student experience, including ensuring adequate housing availability. These long-overdue changes aim to protect students from financial vulnerability and exploitation, ultimately contributing to a thriving international education sector in Canada.