It has been touted by enormous number of so called experts that the GIC has been revised to $20,000 CAD or will surely be effective from April 1, 2019, however there were some knowledgeable consultants who tried to break this trend by raising the awareness about the possible reasons of this debate.
As you might have noticed on Canada’s federal government website http://www.cic.gc.ca that there has been no official release about the GIC revision until or before April 1, 2019 which further confirms that the GIC amount will continue to remain $10,200 CAD. Although, there are speculations that the GIC debate was triggered by a joint meeting between the representatives of federal government, Canadian institutions and provincial authorities in order to reform the current practices to achieve the common goal of smooth migration.
It is officially confirmed that there no revision in GIC amount hence the students can apply without any apprehension. If that had to happen, the federal government would have released the comprehensive report by now. While the discussion is stemmed from the improvement meeting, it is also anticipated that the GIC revision might be considered from the September 2019 (Fall) intake, however the reports are still unsubstantiated.
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