New Rules for Canada Study Visa 2024

Canada is known for its world-class education system. The country offers a plethora of courses for International students and fascinates Indian students as well towards its newfangled study techniques and welcoming culture.

Recently, Canada has announced new rules for Canada study visa, i.e. SDS (Study Direct Stream) to apply for the study visa.

One of the leading financial institutions of Canada is Scotiabank, who is one of the biggest supporters of the Study Direct Stream.

In other terms, this institution helps and support students financially who wish to pursue their higher studies in Canada. Scotiabank offers an opportunity to deserving and eligible students to buy a GIC, i.e. a Guaranteed Investment Certificate.

This new Canada student visa rule is quite beneficial in comparison to the old one as students will get financial help and support directly from the Scotiabank. This, in turn, will reduce the financial burden to an extent for the students.

Since with every passing year, more Canadian visa applicants have been appearing, the chances of brilliant students getting the opportunity are diminishing.

Lack of seats prevents eligible students from joining top Canadian Universities or Colleges in their preferred courses.

So, this newly launched SDS can provide better opportunities for the students to have the talent to study abroad.Moreover, this new SDS Program will also speed up the overall processing time for full-time Canada Student Visa.

Few Highlights of Newly Launched Canada Student Visa Rules 2023

• SDS or Study Direct Stream has replaced the SPP (Student Partners Program), which was started in the year 2009.

• The major change in this newly announced rule is the points/band requirement. Every student is required to obtain 6 bands in every module in order to become eligible to apply under the SDS (Study Direct Stream) rule.

• Students are required to make the annual fee payment instead of semester wise fee payment structure. If a student with a band score of 6 (each module) fails to pay the annual fee and has paid only one semester s fee, then that student s file will be considered to be processed under the general visa category.

• SDS is linked directly to the students, in contrast to the SPP, which was linked with the college or university

Eligibility Requirements for New SDS Program

Find below the listed eligibility requirements that are a must for all the students to qualify to apply under SDS:

• Take admission in a publicly-funded University or College in a full-time program

• Must score a minimum of 6 bands in each IELTS module.

• Provide GIC (Guaranteed Investment Certificate) proof obtained from Scotiabank or ICICI Bank Canada to prove that you can support your living expenses in Canada.

• Show proof of the annual tuition fee payment.

• Show the medical certificate before submitting the application.

• Show a police certificate before submitting the application

• Show valid educational qualification certificates.

• Show valid LOA (Letter of Acceptance) from a DLI (Designated Learning Institutes)

• Must be a legal citizen of any 1 of the below-mentioned countries:
  • China
  • India
  • Morocco
  • Pakistan
  • the Philippines
  • Senegal
  • Vietnam

Additional List of Eligibility Criteria

• All the applications must be filed online

• The medical examination must be finished upfront (evidence must be shown during application submission).

Financial Institutions Offering GIC for Canada Study Visa

Following financial institutions provide GIC (Guaranteed Investment Certificate):

• Scotiabank

• Bank of Beijing

• Bank of China

• Bank of Xian Co. Ltd.

• Canadian Imperial Bank of Commerce (CIBC)

• Bank of Montreal

• Habib Canadian Bank

• HSBC Bank of Canada

• ICICI Bank

• DesjardinsFootnote1

• Industrial and Commercial Bank of China

• RBC Royal Bank

• SBI Canada Bank

Processing Time for SDS Program

The standard processing time for SDS will be reduced up to 20 days, which was from 45 days earlier. Also, such SDS cases will be specially processed in Canada, Edmonton at Case Processing Centre.

The e-App requirement will also help in expediting the process of SDS cases and may reduce the overall application intake overseas. Please note, the standard processing time for non-SDS cases is 2 months.

Benefits of New Set of Rules For Canada Study Visa

These new rules are designed to ease out the overall visa procedure. If you are a well-deserving student, then you ll get a fair chance to get selected. Simply ensure submit all the relevant documents on time for smooth sailing.

Do you need assistance with applying for Canada Study Visa

Our team of visa and immigration consultants has years of experience and expertise in handling different visa cases.

We can guide you through every step for quick and accurate application submission and easy approval. We would also inform you about the latest immigration updates and latest rules for Canada Study Visa.

To speak to our team, you may drop us an e-mail at info@canadapravenue.com.