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The Complete Guide to Studying in Canada: Cost, Scholarships, and More

Dhruvin Jain

Dhruvin Jain

Dec 02, 2022

8 mins read

The Complete Guide to Studying in Canada: Cost, Scholarships, and More Cover Image

As many students consider relocating to Canada to further their education, one of their primary concerns is the amount it will cost them to study and live in Canada in relation to their budget to enable them to prepare their minds for the expenses of their time abroad. The cost of attending college in Canada varies depending on your status as an international or native student, the program you intend to enroll in, and whether you’ll be taking undergraduate or graduate courses.

Introduction: Cost of Studying in Canada

Your tuition costs will vary depending on the degree program and university you choose. You will require between CAD 13,000 and CAD 35,000 per year to pay for this. International students have access to on-campus housing at the majority of Canadian universities. You can also choose off-campus housing, where you’ll live in apartments with other Indian students. 

Suggested: Cost Of Studying in USA

These courses typically cost between 30,000 and 42,000 CAD. The main expenses to keep in mind are:

  1. Education
  2. Living
  3. Others

Education Expenses

Courses in the humanities, education, and arts are typically a little less expensive, whereas courses in the sciences and engineering are probably to be more expensive. The tuition fee is normally greater and the fees vary based on the program if you want to pursue postgraduate education. MBA programs are frequently the most expensive, as is true in most other nations. These courses typically cost between 30,000 and 42,000 CAD.

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CoursesAverage Annual Fees in INR
Undergraduate Program₹7,81,839.50 – ₹12,02,830
Postgraduate degree (master’s)₹10,22,405.50 – ₹15,03,537.50
Doctoral Degree₹4,20,990.50 – ₹9,02,122.50
MBA₹18,04,245 – ₹24,05,660

The cost of a course varies from university to university in Canada. Let’s quickly review the typical tuition costs at a few of the best Canadian universities.

University/CollegeAverage Annual Fees in INR
University of Toronto₹3,77,688.62 – ₹9,84,516.35
McGill University₹10,89,162.56 – ₹29,31,717.70
University of British Columbia₹23,73,183.59 – ₹31,05,406.35
McMaster University₹9,02,122.50 – ₹12,02,830
Queen’s University₹3,34,463.72 – ₹24,86,473.94

ProgramAverage Annual Fees in INR
Computer Science and Information Technology₹37,57,701.06 – ₹40,21,722.25
Master of Business Administration (MBA)₹12,02,830 – ₹60,14,150
Finance and Business₹19,96,697 – ₹61,04,362.25
Engineering₹4,20,990.50 – ₹30,07,075

Suggested:  Study Abroad Consultant

Pre-application Expenditure

To pursue a master’s degree in Canada, taking the qualifying exams is a crucial first step. GMAT or GRE test results are required for STEM courses. A score on English language skills is also required for all courses.

GMAT₹ 18,500
IELTS₹ 15,100
TOEFL₹ 13,770

Best Cities in Canada for Students

Top educational institutions can be found in many Canadian cities. Here are Canada’s top 5 most educational destinations for students.

CityAverage Cost Of Living in INR

Suggested:  Study Abroad Consultant

Other costs for Canada

1. Your student visa and permit cost

To begin studying in Canada, one must first obtain a valid study permit, which has additional charges (approx. CAD 150). Please feel free to speak with your IDP counsellor for the most recent information on the visa application procedure, prices, and updates.

2. Health Support and Insurance

Before the start of their programme, all students travelling to Canada are required to get medical insurance. In Canada, the cost of international students’ health insurance ranges from $600 to $900 annually (indicative). You will be covered by the corresponding provincial health insurance in British Columbia, Quebec, Alberta, Newfoundland, Manitoba, Labrador, or Saskatchewan depending on how long you plan to remain there.

3. Taxes

Students from India studying in Canada who have a Social Insurance Number (SIN) are permitted to work 20 hours per week during the school year and full-time during breaks. If you decide to work while you study in Canada, your income will be taxed. Additionally, the federal and state governments may tax these wards if you receive a scholarship or assistantship from your institution. Now that you are aware of the many components of the cost of studying in Canada, it is time to start looking into getting loans to cover all of the costs. Prepare to make your goal of studying abroad a reality!

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Dhruvin Jain
Dhruvin Jain

Dhruvin Jain is the co-founder of MastersBuddy, a tech-first platform that has helped over 2500 students find and apply to top master’s programs globally. He is a master’s graduate from IE Business School, and is passionate about education, technology, and entrepreneurship.

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