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Nigerians affected as Canada raises proof of funds requirement from $10k to $20k

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Canada has announced an increase in its proof of funds (PoF) requirements for international students.

PoF is a financial requirement for persons applying to migrate to countries like Canada and the United Kingdom, to show that the applicants have enough money to support themselves and their families while in the new country.

Since the early 2000s, the Canadian cost-of-living requirement for study permit applicants has been set at $10,000 for a single applicant.

However, in a statement on Thursday, Immigration, Refugees and Citizenship Canada (IRCC) said the PoF has been reviewed to $20,635, in addition to their first year of tuition and travel costs, “so that international students are financially prepared for life in Canada”.

The change will apply to new study permit applications received on or after January 1, 2024 and will be adjusted each year when Statistics Canada updates the low-income cut-off (LICO).

“International students provide significant cultural, social and economic benefits to their communities, but they have also faced challenges navigating life in Canada,” Marc Miller, minister of immigration, refugees and citizenship, said.

“We are revising the cost-of-living threshold so that international students understand the true cost of living here. This measure is key to their success in Canada.

“We are also exploring options to ensure that students find adequate housing. These long-overdue changes will protect international students from financially vulnerable situations and exploitation.”

The IRCC also extended the waiver on the number of hours international students are allowed to work off campus while class is in session, to April 30, 2024.

NIGERIANS AMONG HARDEST HIT

The decision to hike the PoF will affect Nigerians who make up one of the largest percentages of international students in Canada.

In the first six months of 2023, Canada received 21,845 study permit applications from Nigerians — double the amount of the total it received in 2022.

The figures ranked Nigeria second, after India, on the list of countries with the most study permit applications.

The revision by the Canadian government also comes at a time when the UK announced stricter measures as part of efforts to curb migration.

In 2022, Canada said the country was looking to welcome 1,450,000 migrants between 2023 and 2025 to tackle labour shortage.

This is because the country relies heavily on economic immigration as a major driver of its revenue.

International education, which will now become difficult for many foreign students, accounts for more than $22 billion in economic activity annually, greater than Canada’s exports of auto parts, lumber or aircraft.

International education supports more than 200,000 jobs in the North American country.

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Canada now permits international students to work 24 hours

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Canada has increased the permissible work hours for eligible international students during academic terms from 20 to 24 hours per week.

This adjustment aims to provide greater opportunities for students to gain work experience while maintaining their focus on academics.

Marc Miller, Canada’s Immigration, Refugees, and Citizenship Minister, stressed the intent behind this policy change, saying, “This change will give students more flexibility to manage their time and gain practical experience.”

The decision builds on remarks Miller made in October 2022 when he emphasized the importance of work experience for international students.

At the time, he stated: “With the economy growing at a faster rate than employers can hire new workers, Canada needs to look at every option so that we have the skills and workforce needed to fuel our growth.

“Immigration will be crucial to addressing our labour shortage. By allowing international students to work more while they study, we can help ease pressing needs in many sectors across the country, while providing more opportunities for international students to gain valuable Canadian work experience and continue contributing to our short-term recovery and long-term prosperity.”

Key Changes to the International Student Program
Full-Time Work During Academic Breaks

International students can now work full-time during designated academic breaks, such as summer and winter holidays. These periods allow students to increase their earnings without interfering with class schedules, bolstering their financial stability while continuing their education.

The updated regulations permit students to work up to 24 hours per week during academic terms. This increase offers greater employment opportunities while ensuring students can maintain a sustainable study schedule.

Enhanced Reporting by Institutions

Designated Educational Institutions (DLIs) are now required to submit reports twice yearly to Immigration, Refugees, and Citizenship Canada (IRCC). These reports will confirm students’ enrollment status and academic progress, ensuring compliance with study permit requirements and upholding the integrity of the International Student Program.

Approval for Institution Transfers

Under the new rules, international students must obtain approval before transferring to a different DLI. This requirement ensures adherence to permit conditions and maintains academic standards across Canada’s institutions.

Special Provisions for Quebec Students

In Quebec, eligible international students can work off-campus without a separate work permit, provided they meet specific criteria. Students must be enrolled full-time in post-secondary, vocational, or professional training programs, or vocational training at the secondary level. These courses must be at least six months long and lead to a recognized degree, diploma, or certificate.

By introducing these measures, Canada aims to enhance opportunities for international students while addressing labour shortages in key sectors, ensuring a balance between work experience and academic success.

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Trump appoints Elon Musk to lead department of government efficiency

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US President-Elect Donald Trump has appointed Elon Musk, chief executive officer (CEO) of Tesla and SpaceX, to lead a soon-to-be-established Department of Government Efficiency (DOGE).

Musk, owner of X, the microblogging platform previously known as Twitter, was an avid supporter of Trump during the electioneering leading up to the November 5 presidential election.

The former president defeated Vice-President Kamala Harris after securing more than 270 of the electoral college votes required to win the poll.

A statement on Tuesday said Musk would run DOGE alongside Vivek Ramaswamy, a politician and entrepreneur.

It said the duo “will pave the way for my Administration to dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies Essential to the ‘Save America’ Movement’.

“I look forward to Elon and Vivek making changes to the Federal Bureaucracy with an eye on efficiency and, at the same time, making life better for all Americans,” the statement quoted the president-elect as saying.

“Importantly, we will drive out the massive waste and fraud which exists throughout our annual $6.5 Trillion Dollars of Government Spending.”

Trump will take office for a second and final term on January 25, 2025.

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French newspapers sue X for using content without paying

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Major French news organisations say they are suing X, a micro-blogging platform, for allegedly using their content without paying.

According to Reuters, the newspapers, which are Le Monde, Le Figaro and Le Parisien, announced in a statement on Tuesday.

The media platforms said they were due payment under their ancillary rights, which allow payment to news outlets by digital platforms, for the distribution of their content.

They said X, formerly known as Twitter, and owned by billionaire Elon Musk, has never agreed to open negotiations with French news publishers, unlike Alphabet Inc, Google and Meta Platforms Inc.

The publication also said the media organisations claimed that X has not complied with an order issued by the Paris Court of Justice in May to release information required to calculate the amount owed.

“The revenue from these rights, with the investment that it would enable its beneficiaries to make, is a boost to the plurality, independence and quality of the media, which are essential for freedom of expression and the right to information in our democratic society,” the newspapers said.

A spokesperson for the Paris tribunal also confirmed the case to Reuters and said a hearing has been scheduled for May 15, 2025.

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