How to open a bank account, get a SIN and secure health care at U of T
Before the rush of classes begins, it’s smart to get your financial and health insurance essentials sorted.
Bank account setup
One of the first actions you should take is opening a Canadian bank account. You are legally able to open a bank account as a non-citizen. Major banks offer “international student” packages (e.g., CIBC, Scotiabank, TD Canada Trust). You’ll typically need identification (passport, study permit), proof of enrollment, and address information. Find step-by-step information on the U of T International website.
Health Insurance – UHIP
As a full-time international student at U of T, you’re automatically covered by UHIP (12-month period, September 1 to August 31) for basic health services while in Ontario. You’ll need to activate your UHIP card online and carry it with you always. For details on enrolment, exemptions and your coverage, visit the Centre for International Experience website.
Social Insurance Number (SIN)
If you plan to work on- or off-campus, including work-study opportunites with U of T, or need to file Canadian tax returns, you’ll need a SIN. You can apply online, by mail, or in person at a Service Canada centre once your study permit allows employment. The Centre for International Experience website gives step-by-step guidance.
Other financial tips
- Use your Canadian bank account to pay tuition, rent and living expenses. Monitor student-banking fees and keep an eye on your budget.
- Begin building credit history responsibly: many banks offer student credit cards.
- File a tax return if you work. Keep your income/tax slips or request them from your employer if necessary.
- Keep 1-2 months of living expenses on hand in case of emergencies.
- Make yourself aware of common scams involving finances, tuition or scholarships. Find more information about scams on the Centre for International Experience website.
Who to Contact for Help
U of T has a dedicated UHIP team for international students. Email uhip.information@utoronto.ca for help and support.
