An applicant asked whether CAD 34,000 in savings plus a CA asset report worth ~Rs 50 lakh suffices for a two-year Quebec study program. The thread's sizing logic:
- Anchor liquid funds to first-year tuition + living costs. The applicant's own breakdown — one year's tuition (CAD 13,800) + living expenses (CAD 11,000) + an extra CAD 9,200 buffer — was judged 'more than enough' by members. The buffer above the bare minimum is what made it comfortable.
- Funds alone don't decide the file. The most-endorsed reply paired the money with a strong SOP: relevance to past studies/experience and clear ties showing intent to return home after the course.
- Demat/investment balances can ride in the CA report. Asked whether a demat account counts as proof of funds, members' understanding was that a CA asset report includes such holdings at current value — though nobody claimed expertise, so verify with your CA how it's presented.
- Opinions on asset-report size varied. One member felt Rs 50 lakh was low and suggested Rs 1 crore; others found the overall package sufficient. Treat the asset report as supporting context — the liquid funds and tuition payment carry the weight.
Note: living-cost figures officers expect are updated periodically (and Quebec has its own CAQ requirements), so check current IRCC/Quebec numbers rather than relying on this 2022-era thread.