TOOLS
GIC transfer calculator
Model the CAD $22,895 minimum, typical bank fees, and a prudent buffer before you wire funds.
This tool estimates a safe transfer total for planning. Always follow your bank’s official wire PDF (fields and reference codes matter), and verify the current IRCC minimum for your intake.
Transfer planning · not legal adviceWire fields from bank PDFBrampton, ON · Mon–Fri, 9:30am–6:30pm ETPermits · Visa Master Canada (RCIC) when retained
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Inputs
Select your participating bank and options. The regulatory GIC amount is fixed at CAD $22,895 (Sept 1, 2025 onward, per IRCC).
Bank selected: Scotiabank - StartRight Program
Your transfer plan
- Required GIC principal
- CAD $22,895
- Setup fee (optional)
- CAD $200
- 10% buffer (optional)
- CAD $2,290
- Total to transfer
- CAD $25,385
What happens after arrival
- Initial release: typically CAD $2,000–5,000 in the first 1–2 weeks
- Monthly installments: remainder split over 10–12 months
- Full access: after 12 months per bank schedule
WORKFLOW
How to use this calculator
- 1Verify the current IRCC GIC minimum (policy can change).
- 2Pick your bank, then decide whether to include the typical setup fee and a buffer.
- 3Use the result as a planning total — then follow the bank’s wire instructions exactly.
- 4Pair GIC planning with your tuition pathway and broader proof-of-funds story for the permit file.
NEXT
Connect GIC to the rest of your plan
A correct GIC amount helps, but officers still evaluate tuition payment evidence, liquid history, and study intent. Use the guide pages to avoid “paper-perfect but story-thin” files.
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