Canada made a drastic change in Guaranteed Investment Certificate issued by banks in Canada wherein initially the amount secured for students from India was $10200(6.14L) but now it is two times that is $20635(12.67L). Canada took a move that would impact students entering for foreign education including those from India. With a significant rise of more than double in cost of living the students have to show in their accounts as GIC while entering on study visa, Canada has once again shocked the immigration industry. The move is thought to secure the basic expenses for the students. The new rule applies on all study visa from Jan 01 , 2024.

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