Canadian study abroad deposit is a popular science.

To study in Canada, study deposit is now a must. However, there are still many students and parents who have doubts about this. Let's talk about the Canadian study abroad deposit first. Let's take a look.

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Proof of capital accumulation history of at least 12 months.

In the last two months, the original deposit certificate showing the available funds; Original certificate of deposit/passbook, funds have been kept in the bank 12 months; The amount of deposit generally needs to be guaranteed to cover all tuition and living expenses of students during their stay in Canada.

02

A written explanation of the source of the deposit.

Generally speaking, the sources of funds are divided into the following situations:

1. If the funds have been kept in the bank, then the guarantor usually has the habit of time deposit. It will be more convincing to trace back to the earlier time deposit records and find out the history of fund accumulation. Explain to the visa officer that this fund is specially reserved for students to study abroad.

2. If the historical record of 12 months ago cannot be found, it can be interpreted as that the funds come from the income of the guarantor, and it is necessary to ensure that the amount matches the income. In case of transferring or selling fixed assets from the stock fund account to obtain income, relevant transaction vouchers shall be provided, and the stock or fund account shall provide transaction records of the past 12 months or more.

3. If the guarantor is a shareholder of the company and the funds come from dividends, it is necessary to provide dividend transfer records and various materials of the company. If it is the income from the sale of fixed assets, business transaction documents and real estate transaction documents need to be provided.

03

Canadian study abroad deposit regulations

After understanding the requirements of Canada's study abroad deposit, Xiao Jia believes that it is also necessary to understand the requirements of Canada's study abroad deposit. The relevant provisions are as follows:

1. For guarantors living in Canada, the Embassy only accepts the T-452 tax bill issued by the Canadian national tax department or the T-4 salary table issued by the guarantor's employer.

2. The guarantor living in the United States must provide the original W-2 payroll (or notarized copy) issued by the employer and the notarized copy of the latest tax bill. The form 1- 134 of the US Immigration Service cannot be used as an economic guarantee for studying in Canada.

3. Guarantors living in other countries and regions must provide the original or notarized copy of the personal tax bill.

The guarantee must be notarized and written in English or French. If the original text is in other languages (including Chinese), an English or French translation issued by the translation company is required.

Special note: Students studying in Canada whose scholarship is less than 12000 Canadian dollars per year should go through the financial guarantee procedures that meet the above conditions.