[vc_row][vc_column][vc_column_text dp_text_size=”size-4″]Canada has introduced modifications to its policy for international students arriving in the country after January 1, 2024. Immigration Minister Marc Miller has outlined new guidelines applicable to prospective study permit applicants and international students currently residing in Canada.
The minister disclosed that, commencing January 1, 2024, the cost-of-living requirement for study permit applicants will be doubled to $20,635. This adjustment aims to ensure that international students are adequately financially prepared for their life in Canada.
Additionally, the exemption from the 20-hour-per-week limit on off-campus work hours for overseas students during the academic term will be prolonged until April 30, 2024.
Do U know how many ppl overleveraged themselves in housing in Canada depending on these international students to fund their mortgages?! Then rates went up – amortizations went negative – etc etc.
Housing & rents further go down now.
Seems like the Feds ain’t done on this. pic.twitter.com/Myqkr84pBx
— EconomicWoes 🦁 (@ManyBeenRinsed) December 8, 2023
This extension grants authorization for international students already in Canada, as well as those who have applied for a study permit by December 7, 2023, to work more than 20 hours per week off campus until April 30, 2024.
Also Read: Canada Considering to Reduce Student Visas
Minister Miller noted, “In response to labor market disruptions during the pandemic and post-pandemic recovery, a temporary policy was introduced on three occasions, providing an additional 18-month work permit to post-graduation work permit holders as their initial work permit was expiring.
Foreign nationals with a post-graduation work permit expiring up to December 31, 2023, remain eligible to apply. However, this temporary policy will not be extended further.”
These adjustments have been implemented by Canadian authorities in light of the escalating housing crisis and the surge in international student numbers. The aim is to address financial challenges faced by students after graduation.
Regarding Pakistan, potential students may reconsider their decision to study in Canada due to the substantial increase in costs, making the required investment twice as significant.[/vc_column_text][/vc_column][/vc_row]
