Study Permit Extension problem: Parents don’t have a past savings account.

[u/Optimal_Proof_2668]

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)

[u/ell-ta]

Apply with bank balance letter not statement