Is a GIC compulsory for a Canada study permit in 2026?

Most advisors recommend starting the GIC process at least 1 to 2 months before you plan to submit your study permit application. This is to leave room for bank processing delays

An initial lump sum (roughly CAD $2,000-$4,000) is released when you activate your account in person - followed by monthly instalments for the rest of the year, plus the interest your GIC earned.

Most participating banks issue the certificate within roughly 5 to 10 business days after you complete the wire transfer and paperwork.

The GIC amount to study in quebec is as mentioned below:

• One person under the age of 18: CAD 7,756
• One person aged 18 and over: CAD 15,508

The canadian government is the authority who can change the amount of guaranteed investment certificate.

The process to pay or buy GIC Canada from India is very easy. Here is the step-by-step process:

• Visit the official website of banks.
• Fill out the required details such as (name, username, and personal email id).
• Bank will send you a URL and secure mailbox for communication with the bank. 
• Bank will