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GIC Canada revising w.e.f 01-04-2019 $10000 to $20000 Recent News

GIC Canada revising w.e.f 01-04-2019 $10000 to $20000 Recent News

GIC Canada changes w.e.f 01-04-2019. Have you started hearing news about the revised amount for GIC to study in Canada? We are going to share below what we know as of now:

IRCC from 1st of April 2019 is revising GIC amount from CAD 10000 to  CAD 20000

IRCC is planning to expand SDS globally, simultaneously to all countries, by April 1, 2019 with the following changes:

• Reduced processing times
• Applicants will no longer be required to provide proof of tuition payment;
• Applicants will be required to provide a CAD 20,000 GIC;
• The list of IRCC approved banks that provide GICs and their corresponding information will be removed from our country-specific checklists;
• GIC from any bank listed under the Canada Deposit Insurance Company (CDIC) list that offers a student GIC meeting IRCC criteria will be accepted;
• SDS will be open to all types of Designated Learning Institutions;

Letter of Acceptance Verification Project

IRCC addressed about International Student Letter of Acceptance Project:

  1. LOA fraud is one of the most common types of fraud
  2. Centralized hub verifies the authenticity of letters of acceptance (LOAs) with issuing DLIs
  3. To date, the project has completed over 5,000 LOA verifications, of this nearly 10% of LOA, verifications were confirmed to be either fraudulent, altered or no longer valid and nearly 9% received no response from the issuing DLI

We’ll keep you updated on this. you all as soon as we hear more. Also, request you to proceed and lodge your case at earliest.

Post your questions/comments below.

33 thoughts on “GIC Canada revising w.e.f 01-04-2019 $10000 to $20000 Recent News

  1. I want to know that if i pay my gic before 1st april but not launch my file in embassy.in that condition will i need pay$20000 after 1st april.

  2. If new rules were implemented then what amount of tuition fees will be required to pay with gic?

    1. Hi Ajaypal, After the application of the new rules, CIC will not be asking for College’s tuition fee receipt. It will be up to the college that how much satisfy them to keep your place reserved.

  3. What if I do GIC and pay 1 year fee to university before 1 April, can I apply via after 1 April?

  4. I want to know that if i pay my gic before 1st april but not launch my file in embassy.in that condition will i need pay$20000 after 1st april.

  5. Hello Sir, I have got the visa. I have paid a one-year tuition fee as well as 10,000 as GIC so the rules will or will not reflect any changes to my case? Is port officers aware of such changes and how can I explain to them my case if needed,? my admission is in MAY intake.

  6. As your visa has already been approved, you should not be worried about it. It is for those who will file their visa application after 1st of April 2019.

  7. I have applied for 3 colleges and waiting for their reply. Can we pay GIC without college offer letter?

  8. Hello sir,

    Is this rules are applied to non SDS. If I pay 10,000$ gic and 1year fee and launch my file under non-SDS then what are the chances for getting visa.

  9. i have paid tution fees and gic both but didn’t receive GIC receipt so after getting GIC receipt and done with biometrics my case will be lodged until 5april so do i have to pay 20,000$ GIC??

      1. But how can we apply before 1st April without giving receipt

        I’ve heard from somewhere that this rule would be applicable for those candidates who received their LOA after 1st April

        Is that true?
        Because I’m facing the same situation

  10. if i fill my gic before march and apply for visa after 1st april then i have to pay 10000 or 20000 cad?

  11. Hlo….is it possible to pay one semester fees and 20000 gic….some people are saying if ur paying 20000 gic u need to pay only one semester fees is it true…

    1. Yes. It is true that with GIC 20000 you can pay even small deposit to the institute whatever they demand to secure your place.

    1. Yes, GIC proves that you have access to funds to maintain yourself while you study. As per checklist of CIC it is still recommended.

  12. Hy sir is it compulsory to pay the advance college fees of one year after paying the gic as per the new rules of gic..

    1. For visa point of view it is not required to submit tuition fee receipt but colleges would be asking a deposit to confirm your place.

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