New rules on reserve funds affect student migration to Canada
Canada’s recent announcement regarding changes in its immigration standards will definitely affect students who wish to migrate there, especially from Punjab.
Experts in the immigration industry have expressed their concern over the recently revised cost of living limit in Canada for international students, which will now show that future students have access to 20.635 Canadian dollars (CAD). The real requirement is 10.000 Canadian dollars. , , Due to the increase in the cost of living in Canada, additional fees will also be imposed on students.
Immigration experts in Amritsar said the measure is expected to have an impact on the number of applications for student visas to Canada. “The review of the cost of living has directly duplicated the expenses of those seeking a student visa to Canada. This will definitely have an impact on students from middle class or upper class families who wish to study in Canada. Bikram Chabhal, president of the Association of Visa and IELTS Centers (AVIC), said that the increase in the volume of banking loans, or real estate loans, will result in this process being undertaken generally by young urban people.
Members of the association have also expressed their concern over the degree to which student migration is affecting the industry. “This is a measure introduced to restrict the migration of students to Canada. Canada will receive 1,5 million student visa applications in December 2022 This year the number has decreased from 72,000 to 82,000. “The industry now faces a decline, with reports from Australian authorities raising questions about whether they should relax immigration rules and expectations that the Canadian measures will lead to a decline next year”, he said.
Maninder Pal Singh, immigration advisor at EPA Global Linguistics, says: “This measure by Canada will derail the aspirations of many eligible students to apply for a visa, or financing will be a significant problem”.
Adds further: “The cost of living in Canada is high, and students who have recently immigrated there also face the problem of irregular rental. These conditions will increase these costs. These students are fighting the rising costs of immigration. “Certainly dehumanizing most of them”.
