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Posted on December 27 2024

How much money is required to study in Canada?

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By  Editor
Updated January 03 2025

In Canada, the cost of the study depends on various things like the type of degree you are choosing, tuition fees, city of your residence, lifestyle habits etc. The country is famous for its renowned universities and world-class education facilities. Around 485,000 international students migrate to Canada every year for study purpose. As per the report of Immigration, Refugees and Citizenship Canada (IRCC), there are almost 1,028,650 students from 182 different countries studying in Canada. Canada has almost 8000 recognized universities and 16,000 different university program.
 

*Want to study in Canada? Y-Axis is here to help you with all the necessary support.
 

What are the expenses for studying in Canada?

The table below has the list of the expenses that is required to study in Canada:
 

Types of expenses

Estimated cost

Food and Dining Costs for Students in Canada

$300 - $400 (per month)

Travel Costs in Canada (Local Travel)

$80 - $110 (per month)

Canada Student Visa Fees

$150

Living Costs in Canada for International Students

$37,526

Travel Expenses to Canada

$1,810

Total Cost of Studying in Canada (Including Tuition, Fees, and Living Expenses)

$67,401 – $114,030

Health Insurance for International Students in Canada

$300 – $800

University Application Fees for Studying in Canada

$125

Accommodation Costs for Indian Students in Canada

$5,000 - $10,000 annually

Test Fees for IELTS, GRE, & Other Exams

$280 - $371

Books and School Supplies Costs in Canada

$1,000 - $2,000

Entertainment Expenses for Students in Canada

$750 (per month)

Average Tuition Fees at Top Canadian Universities

$7,000 - $53,538

Guaranteed Investment Certificate (GIC) for International Students

$20,635


Top 10 universities in Canada with their course fees

The table below consist the names of top universities in Canada with their annual fees:
 

Name of the universities

Annual average fee (CAD)

University of Toronto

$45,800–$67,370

McGill University

$20,000- $27,000

University of British Columbia

$32,267-$42,000

University of Alberta

$9,500 - $12,500

University of Waterloo

$48,000- $71,000

Western University 

$47,000- $63,845

University of Montreal

$14,420 - $22,348,

McMaster University

$6,300- $31,000

University of Ottawa

$11,000- $21,800

Queen’s University 

$12,927- $18,000


Top 5 cities in Canada and their cost of living

The following list consist the names of top cities to stay in Canada:
 

Name of the city

Cost of living

Montreal

$9,700 – $12,700

Toronto

$31,000- $42,000

Vancouver

$2,500 – $35,00

Ottawa

$2000 - $2,500 

Quebec

$1,500 – $1,800

 

*Are you looking for step-by-step assistance with Canadian immigration? Contact Y-Axis, the world’s No.1 overseas immigration consultancy, for end-to-end support!

 

Tags:

Study in Canada

Canadian student visa

Requirements to study in Canada

Migrate to Canada

Canada immigration

Requirements for Canadian visa

Canada student visa requirements

top 10 universities in Canada

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