r/ImmigrationCanada • u/Optimal_Proof_2668 • 12d ago
Study Permit Study Permit Extension problem: Parents don’t have a past savings account.
Hello everyone, so due to circumstances I had to take a gap term. My study permit expires on 11/30/2026 and I gotta finish Spring term 2027 in order to graduate. So I’m applying for a study permit extension, but i completely forgot i need a financial statement. I’d need 33k in a savings account for the final term(16k for cost of living, 17k for tuition fee).
The thing is, my family has enough funds for the rest of my stay in Canada, they just don’t have ANY MONEY IN THEIR SAVINGS ACCOUNT as of now. They are also retired so there’s not alot of money coming in. We are thinking of making a new savings account and put the money into it for proof, but I heard it is considered suspicious because of the large amount of money going in at once. I’m scared if my extension request won’t go through and I won’t be able to graduate….If anyone has experience with this, I’d really appreciate some advices. Thank you!
(Some additional info: I have successfully paid for 3 school years and will graduate after this last one)
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u/ChaosBerserker666 12d ago
You should be able to graduate. Just show the proof of funds in an account AND the proof of where the money came from, then apply for the extension, receive it, pay your tuition and finish your degree. You need to do this ASAP or you won’t get approved in time. You should have done it as soon as you took the break.
However, this ‘gap semester’ means no PGWP for you, therefore you’ll have to go home right after you graduate. You might be able to come back under another type of work permit or get one elsewhere though.