In order to ensure life in Canada, you need to prove your financial ability and guarantee when applying for a study visa in Canada. Some people worry that our wealth management products can be used as a guarantee for studying in Canada like bank deposits. If you want to do this, you need a certificate from the bank.

When wealth management products are used as a guarantee for studying abroad, they also need to issue certificates similar to deposit certificates. Some banks are called credit certificates, some banks are called capital certificates, and banks have a unified format and standard paper printing. At the same time, it is necessary to issue a one-year bank statement corresponding to the wealth management products, which should show the record of "subscription" and "redemption" of funds used to purchase wealth management products.

The requirements for deposits at various stages of studying in Canada are still reasonable. For the funding needs of each academic stage,

1. To apply for a Canadian high school study visa, the guarantee fund needs to be about 600,000-800,000 RMB;

2. Apply for Canadian community college or junior college courses, and the guarantee fee is about 300,000-450,000 RMB;

3. Apply for undergraduate study in Canadian universities and provide a deposit of about 300,000-400,000 RMB;

4. Canadian graduate students studying abroad require a visa guarantee of about 300,000. Canada's study abroad guarantee is not only limited in amount, but also limited in deposit period. Proof of funds for studying in Canada is very important for visa application. Applicants must provide 12 months' accumulated capital history to prove that they have enough financial ability to pay all the expenses during their study abroad.

The tuition fee for studying in Canada for one year is reasonable, which is lower than that in other countries such as Europe and America. The cost of studying in Canada is about12-200,000 RMB, and the cost of studying in Europe and America is about16-250,000 RMB.

Description of proof of funds in the materials required for studying in Canada:

1. Provide the capital certificate reflecting the capital accumulation history of at least 12 months:

(1) It is suggested that the original bank deposit certificate issued in the last two months be frozen for three months (just covering the visa review period);

(2) Passbooks or certificates of deposit corresponding to deposits. If it is a card, print the running bill for the past six months.

2. Auxiliary assets:

(1) Financial vouchers such as stock and fund transaction records.

(2) Proof of fixed assets such as real estate license and motor vehicle registration certificate.

At present, there are three visa forms for studying in Canada:

(1) Ordinary visa

(2)SPP visa

(3)SDS visa

Among them, the regular visa must provide a deposit with a source and history. For SPP and SDS visas, students are required to open an account with Royal Bank of Canada or Bank of Montreal after meeting the corresponding language and admission conditions (SPP IELTS score of 5.5 and SDS IELTS score of 6.0), and deposit 654.38+00000 Canadian dollars to provide the total visa application fee for the first year instead of guarantee. But this money does not require the source and history. Although it is not equal to the guarantee, it plays a substitute role. The oversubscription rate of SPP and SDS visas is higher than that of ordinary visas, which is also a preferential visa policy for Canada to encourage outstanding students to study in Canada.