How much Money is required to Study in Canada?

Studying abroad can prove to be a costly affair for many overseas education aspirants, thus putting their dream on hold. But thankfully, Canada remains as one of the most affordable popular study destinations for international students. Canada has over 30 top-ranked universities among the top universities of the world. Compared to other International destinations such as USA, UK, or Australia, less money is required to Study in Canada. Besides tuition fees, other expenses like accommodation, food, transport, entertainment & insurance also add up to the cost of study in Canada. Let’s take a closer look at the money required to Study in Canada.

Why Study in Canada?

• Affordable Education
• Best Reputation
• Ease of Living
• Ample job-opportunities
• Diverse-culture classrooms
• Geographical beauty
• Immigration opportunities for International Students
• Get Work Experience
• Easier to get admissions

Cost of Studying in Canada from India

The expenditure on tuition fees in Canada varies based on various factors such as type of university/course chosen and the location. Let’s see the Cost of Tuition fees in Canada for International Students.

Undergraduate degree

For the 2022-2023 session, the average annual tuition fees for undergraduate degree programs will be around $13,000 to $20,000 approx. The average cost of tuition for veterinary medicine ($68,000 approx.), dentistry ($60,000 approx.), & medicine ($59,000 approx.) is slightly more than other courses.

Graduate/Masters’

For the 2022-2023 session, the average annual tuition fees for graduate/master’s programs will be around $17,000 to $25,000 approx. Tuition fees for MBA programs averages from $30,000 to $40,000 approx. annually.

Doctoral degree

Average annual fee between $7,000 to $15,000 approx.

Accommodation costs

There are four choices of Student accommodation in Canada:

• On-Campus
• Shared Apartments
• Private Rent
• Homestay

1. On-Campus: 300$ – 800$/month (approx.)
2. University-arranged homestays: 500 – 900$/month (approx.)
3. Share a rented apartment: 400 – 700$/month (approx.)
4. Studio/One-Room apartment: 1,000$/month (approx.)

University on-campus accommodation is mostly preferred since they are cheaper and some of them also offer meal plans as part of package. The On-Campus & Shared accommodations have the same drawbacks as you’ll be living with a lot of other students and probably may not feel comfortable. If you are looking for more personal freedom & space, then go for private residence rent. However, Private apartments are more expensive & increases the Cost of Studying in Canada. Homesteading with local people gives you an advantage to meet new local people and integrate into their culture easily.

• Utilities
  • Electricity, water, & heating costs: $150-$200/month approx.
  • Internet: $80/month approx.

If you’ve chosen to stay on-campus or homestay, you needn’t worry about extra bills such as electricity & water payment. But if you’ve chosen to stay privately or share an apartment, you’ve to pay the extra bills in addition to rent costs.

• Food Costs

Food bills don’t add up much more to Cost of Studying in Canada for International Students. The average monthly cost for food varies between 200$ TO 600$ approx. If you’re shopping from the local supermarket or grocery store, then food bills can cost you up to 300$/month (approx.) on an average. However, if you are going to dine at a restaurant, you are going to incur 10$ – 30$ for a one-time meal.

• Transportation Costs

Public transportation is one of the preferred & cheapest modes of transportation. And the most used one is the Bus. Subway or train is also another mode of transport. Students, who are currently studying in Canadian University & are aged between 18 & 25, can claim discounts on monthly transport passes.

• Price of monthly transport pass: 90$ per month (approx.)
• One-way ticket: 3$ (approx.)
• Taxis: Taxis fares vary between 2 to 6$/km (approx.)

• Entertainment Costs

Entertainment & fun also crucial part of Study in Canada. Entertainment costs can differ depending on the city you live. General costs are as follows:

• Gym membership: $25 – $100 (approx.)
• Restaurant Visit: $15 – $30 (approx.)
• Cinema: $10 – $20 (approx.)
• Netflix subscription: $10/month (approx.)

English Proficiency Test Registration Fees

University & College Application Fees

Most Canadian universities charge between $50 to $250 as application fees to Study in Canada. Canadian institutions provide one of the most affordable costs of Studying in Canada.

Canadian Student Visa Fees

International Students have to shell out 150$ for Student Visa Fees. This is the cost Student has to bear to apply for Student Visa.

Study Permit Fees

Study Permit is issued by Canadian immigration authorities that gives permission to international students to study in Canada. Application for a Study Permit costs 150$.

Expensive cities to Study in Canada

• Vancouver, British Columbia
• Montreal, Quebec
• Toronto, Ontario
• Ottawa, Ontario
• Calgary, Alberta

Most Affordable Universities to Study in Canada from India

10 Steps to Save Money in Canada as International Student

• Financial planning & budget
• Prepare your meals
• Avail Student Banking Discounts
• Apply for Scholarships
• Explore Second Hand Market Place
• Apply for Scholarships
• Avoid Credit Cards
• Select Universities with Low Tuition Fees
• Search for Cheap Entertainment
• Get a Part-time job

Conclusion

Canada attracts the most to international students for higher studies due its high-quality education & better job opportunities. The Cost of Studying in Canada is much less in comparison to other popular countries such as the USA, UK, & Australia. If you wish to reduce the cost of studying in Canada, either choose a university with low tuition fees or take a part-time job. Another way is to get a scholarship from several organizations & institutes in Canada.