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How long does it take to apply for a deposit when studying in Canada?
. Experts studying abroad report that many applicants are confused about the funding requirements during the peak period of study visas in Canada every year. Canada's study visa funds require the rationality of time and sources of funds, so a reasonable explanation is particularly important, which is the key reason for the applicant's visa success.

In view of the issue of the time for studying abroad deposits in Canada, Bian Xiao of Megabox will show you the capital certification requirements listed by the Canadian government:

1. The capital accumulation history of at least twelve months proves. Original deposit certificate showing available funds in the last two months; Original deposit certificate and/or original passbook. The funds have been deposited in the bank for 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.

2. A written explanation of the source. Generally speaking, there are the following sources of funds: if the funds have always been in the bank, then the guarantor generally has the habit of time deposits. It will be more convincing to trace back the records of time deposits earlier, find out the history of fund accumulation, and explain to the visa officer that this fund is specially reserved for students to study abroad. 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. 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 information 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. If written proof cannot be provided, the applicant can also provide written explanation. Among all the capital materials, the core is cash deposit, and other materials are nothing more than around this deposit to show that this money is a reasonable income, which cannot be obtained by illegal means or made up by borrowing.

In addition, according to Canada's new visa policy for studying abroad, applicants for the SPP program and IELTS score of 5.5 do not need a deposit history of 12 months.