Study Permits in 2026: Caps, Costs, and Crucial Changes

The landscape for international students has changed dramatically in 2026. IRCC has implemented stricter caps and new financial requirements. Here is exactly what you need to know to succeed.

The National Cap and Provincial Attestation Letters (PAL)

Since 2024 and continuing into 2026, most study permit applications for undergraduate studies now require a Provincial Attestation Letter. This serves as proof that you have been accounted for within the province's quota.

Exemptions: Master's and PhD students remain exempt from this cap, making these levels of study significantly more attractive and less risky for applicants.

Cost of Living Requirement

To ensure students are not vulnerable to financial hardship, the requirement has been raised. You must now show access to at least $20,635 CAD in addition to your first year of tuition and travel costs. This is non-negotiable.

Post-Graduation Work Permit (PGWP) Updates

Eligibility for the PGWP is now tied more closely to labor market needs. Graduates from programs in healthcare, STEM, and trades are prioritized. Conversely, graduates from private colleges with licensing agreements are largely ineligible, so choose your designated learning institution (DLI) wisely.