Search
Contact
Login
Share this article
Canadian officials announced that the cost-of-living financial requirement for study permit applications will be raised effective Jan. 1, 2024.
Key Points:
Background: The Canadian government recently announced reforms to the International Student Program, which created a new framework to recognize learning institutions that provide top-quality services and support, including housing, to international students. This was in response to growing concerns about the rising cost of living and affordable housing shortages. The Canadian government is focused on balancing interests in attracting international talent and affordability concerns.
BAL Analysis: Government officials have stated that the current financial requirement has not kept up with the cost of living over time, and the revised requirements are designed to better protect international students by preventing student vulnerability and exploitation. Employers should be aware of the new income requirements in their 2024 employment strategies and recruitment efforts.
This alert has been provided by the BAL Global Practice Group.
Copyright © 2023 Berry Appleman & Leiden LLP. All rights reserved. Reprinting or digital redistribution to the public is permitted only with the express written permission of Berry Appleman & Leiden LLP. For inquiries, please contact copyright@bal.com.
The April Visa Bulletin shows a major retrogression of more than two years in the EB-5 unreserved visa category preference…
U.S. Citizenship and Immigration Services announced a new “alien registration” process as part of implementation of an executive order…
Singaporean officials announced significant updates to the Work Permit and S Pass that will take effect between July 1 and…
The New Zealand government announced additional changes to the Active Investor Plus Visa to simplify the investment process. Key Points:…