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Canada would be fineMontreal would look like this (This is Belfast by the way)The referendum question was, officially, this:Do you agree that Quebec should become sovereign after having made a formal offer to Canada for a new economic and political partnership within the scope of the bill respecting the future of Quebec and of the agreement signed on June 12, 1995?Or, in English:Look, if we can get a fantastic deal with all the benefits of being Canadian without having to, you know, pay Canadian taxes or follow Canadian laws, would you be fine with letting us separate then?Canada’s Prime Minister at the time was this hardassJean Chretien. The only prime minister in Canadian history with three successive majority governments. He was successful because his opposition, Reform, The Bloc, and the Conservatives, drew support away from each other. He’s also the guy who was the Trudeau Government’s point man on the “No” side of the 1980 Quebec Referendum. Chretien was about as likely to allow Quebec to declare sovereignty as Abraham Lincoln was to withdraw troops from Fort Sumter before the fighting started. Chretien also had a well qualified cabinet, led by his finance minister, Paul Martin.So let’s start the negotiations, assuming the “Yes” side won by a massive 50.5 to 49.5 majority.So let’s go over the agenda set out in the never passed Act Respecting the Future of Quebec:Customs union - that’s negotiableFree movement of goods - that’s also negotiableFree movement of individuals - Here’s where things get dicey. Chretien is probably not going to accept that Canadians will be able to live and work freely in Quebec. At this time, many provinces are already complaining that there is little mobility in trades and professions across provincial borders. Ontario declared an all out war with Quebec in 1999 over access to work in Quebec. It also creates a lot of tax problems. For example, there are already people who were taking advantage of different tax laws in the Ottawa/Hull area to work in one province and live in the other. Also, Quebec already has its own pension plan at this point and Chretien would most likely demand that anyone with QPP benefits could receive them anywhere. He could easily withhold CPP benefits to anyone in Quebec in retaliation. That’s a big no without conditions.Free movement of services - see “free movement of individuals”. They same problems apply, and add Churchill Falls. The question is whether power still has to be supplied to Quebec at bargain basement rates or a rate closer to market could be charged. You can bet there will be negotiation about that point.Free movement of capital - This is where the poop hits the fan. Canada is not going to agree to this unless Quebec agrees to guarantee a good chunk of Canada’s national debt. It would be foolish for Chretien to agree otherwise. Otherwise, Quebec, not having to follow federal law, could become a corporate tax haven with free access to Canadian markets. Ireland has been caught doing this in the EU and has been told to raise its effective tax rate, which just makes it unattractive for foreign corporations.Monetary policy -this would be met with a friendly “mange la merde”. As the Euro has shown, being part of a union means having a common monetary policy and, if you want sovereignty, you have your own currency. Canada has no problem with Quebec using the Canadian dollar, but they are not going to go with having equal say. After all, Canadian monetary policy isn’t set entirely by the government. The Bank of Canada is independent. The government sets monetary policy by how much it is willing to borrow.Labour mobility - see “free movement of individuals”. Same problem.Citizenship - No way. If Quebec wants to be sovereign, it can have its own citizenship, but there’s no way Chretien is going to agree to people born in Quebec post sovereignty automatically having Canadian citizenship unless everyone born in Canada gets Quebec citizenship. It also opens up all kinds of cans of worms with respect to immigration policy. Can immigrants move freely across the border? Can naturalized Canadian citizens also get Quebec citizenship? This is going to be a major sticking point and it’s one of the reasons Quebec wants sovereignty in the first place.Continuity of Quebec’s current boundaries - That’s also incredibly problematic. The First Nations were opposed to Quebec sovereignty and the northern half of the province voted overwhelmingly “No”. As someone put it, if sovereignty is on the table, the borders are on the table.Continuity of social benefits - That’s also a big no unless Quebec agrees to help fund them.And that legilation didn’t cover one big point - does Quebec still send MPs to Ottawa?So, the parties dicker for several months. Chretien doesn’t give in on major points - there’s no reason to do so. Out of panic, the sovereigntist do one of two things:CaveGo ahead on principle without any agreement.About the only thing that the federal government will give in on is something that looks like this:No dual citizenship with eligible persons to declare before a fixed date.No representation for Quebec in parliament, including loss of its current senate contingent.Use of Canadian dollar at Quebec’s discretion, but no say on monetary policyTransfer of QPP assets to CPP if anyone requests it, and vice versaAgreement to assume proportional share of Canadian debt as of the date of the referendum on a per capita or GDP proportional basis, secured by debentures payable in Canadian dollars.Requirement that Canadian chartered banks in the province either withdraw or form Quebec subsidiaries to perform banking services.So, yes, faced with no guarantee of being able to return to Canada and the split of Canadian and the reorganization of banks, I’m thinking of a flight of people and capital that would make the 1976 rush look puny in comparison.

If your international student whether outside Canada or within Canada based on your course :Proof of financial supportYou must prove that you can support yourself, and the family members who come with you, while you are in Canada.You can prove your funds with:proof of a Canadian bank account in your name, if you have transferred money to CanadaGuaranteed Investment Certificate (GIC) from a participating Canadian financial institutionproof of a student/education loan from a bankyour bank statements for the past four monthsa bank draft that can be converted to Canadian dollarsproof you paid tuition and housing feesa letter from the person or school giving you money orproof of funding paid from within Canada, if you have a scholarship or are in a Canadian-funded educational program.Minimum funds needed to support yourself as a student (and family members who come with you):Outside QuebecPersons coming to CanadaAmount of funds required per year (additional to the tuition)Amount of funds required per month (additional to the tuition)You (the student)$10,000$833First family member$4,000$333Every additional accompanying family member$3,000$255Example:If you and two family members want to come to a province outside Quebec for a year, you will need:Tuition +$10,000 (for the student)+$4,000 (for the first family member)+$3,000 (for the second family member)Total: Tuition + $17,000In QuebecPersons coming to CanadaAmount of funds required per year (additional to the tuition)Amount of funds required per month (additional to the tuition)You (the student)$11,000$917First family member (18 years or older)$5,100$425First family member (under the age of 18)$3,800$317Every additional accompanying family member (18 years or older)$5,125$427Every additional accompanying family member (under the age of 18)$1,903$159ExampleIf you and two family members (over the age of 18) want to come to Quebec for a year, you will needTuition +$11,000 (for the student)+$5,100 (for the first family member)+$5,125 (for the second family member)Total: Tuition + $21,225If your country of residence uses foreign-exchange controls, prove that you will be allowed to export funds for all of your expenses.Source : Get a Study Permit - Get the right documents

The info on what form of proof of financial support you required is readily available on the Canadian government website along with all of the information on how to apply for a study permit.Get a Study Permit - Get the right documentsProof of financial supportYou must prove that you can support yourself, and the family members who come with you, while you are in Canada.You can prove your funds with:proof of a Canadian bank account in your name, if you have transferred money to CanadaGuaranteed Investment Certificate (GIC) from a participating Canadian financial institutionproof of a student/education loan from a bankyour bank statements for the past four monthsa bank draft that can be converted to Canadian dollarsproof you paid tuition and housing feesa letter from the person or school giving you money orproof of funding paid from within Canada, if you have a scholarship or are in a Canadian-funded educational program.Minimum funds needed to support yourself as a student (and family members who come with you):Outside QuebecPersons coming to CanadaAmount of funds required per year (additional to the tuition)Amount of funds required per month (additional to the tuition)You (the student)$10,000$833First family member$4,000$333Every additional accompanying family member$3,000$255Example:If you and two family members want to come to a province outside Quebec for a year, you will need:Tuition +$10,000 (for the student)+$4,000 (for the first family member)+$3,000 (for the second family member)Total: Tuition + $17,000In QuebecPersons coming to CanadaAmount of funds required per year (additional to the tuition)Amount of funds required per month (additional to the tuition)You (the student)$11,000$917First family member (18 years or older)$5,100$425First family member (under the age of 18)$3,800$317Every additional accompanying family member (18 years or older)$5,125$427Every additional accompanying family member (under the age of 18)$1,903$159ExampleIf you and two family members (over the age of 18) want to come to Quebec for a year, you will needTuition +$11,000 (for the student)+$5,100 (for the first family member)+$5,125 (for the second family member)Total: Tuition + $21,225If your country uses foreign-exchange controls, prove that you will be allowed to export funds for all of your expenses.