Are you searching for the best foreign destinations to complete your higher education? Well, you have every reason to stop your search with Canada. Housing approximately 97 universities, Canada is the best place to study and achieve your career goals. If you plan to do so, you need to know how much money is required to study in Canada, right? We will discuss the related details to give you the exact idea in this regard.

Canada houses many prestigious universities such as the University of Toronto, McGill University, University of Montreal, University of Alberta, University of British Columbia, Western University, etc. With various top-rated universities and institutions, the country attracts students from different parts of the world. It welcomes many students every year and helps them shape their future.If you want to maximize your chances of studying there- prepare for IELTS with Mindmine Global.

How much does it cost to study in Canada?

This is the most common question that often comes to mind for those planning to study in Canada. If you are also one of those, you will be excited to know that Canada is one of the more affordable destinations for study. If we compare the tuition fee of universities located in Canada with US and UK-based universities, it is pretty less.

You can use the online tool offered by the Council of Ministers of Education that allows you to calculate the overall cost incurred while studying in Canada. This will help you calculate the cost of studying in different universities in Canada.To help you understand study in Canada cost, we will explain numerous factors that impact your overall expenses.

Cost of living and studying in Canada

1. Tuition Fee – the main cost of education in Canada

While discussing several factors that impact the cost of study in Canada for Indian students, it’s good to start with tuition fees. It is the core factor that determines that overall cost. Meanwhile, the tuition fee depends on the types of courses that you want to pursue in Canada. The tuition fee generally ranges from CAD 13,000 to CAD 35,000 every year.

The tuition fee for some courses such as education and arts, humanities, and others is cheaper than other classes. And courses such as engineering and medicine are costly, and you need to have an excellent budget to enroll for these courses.

Moreover, if you seek to enroll in a postgraduate course such as MBA, you need to spend a lot of money on tuition fees. The cost of an MBA program generally ranges from CAD 30,000 to CAD 42,000.

Apart from this, the tuition fee also depends on other factors such as global reach and reputation of courses, location of university/institution, and many more.

We have listed the tuition fee of the different study programs to help you know and calculate the cost of study in Canada.

Study Program Tuition Fee

1. Doctoral Degree $7,000 to $15,000 

2. Master of Business Administration (MBA) $30,000 to $40,000

3. Postgraduate Master’s Program $17,000 to $25,000

4. Undergraduate Program $13,000 to $35,000

2. Cost of Getting a Visa – study visa Canada cost

To study in Canada, first, you need to get a student visa. You need to remember that a student visa is not granted free of cost. You need to spend some money on that. The average price for a Canadian student visa is approximately $150.

All you need to do is get in touch with the counselor to gather the recent information related to a student visa. Besides, they will also help you get complete details about the entire application process and the overall cost. So, how much it cost to study in Canada?

To secure your study permit in Canada, you need to prove that you have adequate funds to continue your education. It’s a part of the process of getting a student visa. You need to have CAD 10,000 for your living expenses for the first year.

But, if you are also taking some other family members with you in Canada, you need to afford the additional charges for this. You get an option to arrange your funds by purchasing a Guaranteed Investment Certificate. You can get sponsorship support or an education loan.

3. Accommodation Costs

Accommodation is another crucial factor that significantly impacts the total cost of study in Canada for Indian students. The majority of Canadian universities have their residence facility, and they accommodate international students with all necessary facilities.

Meanwhile, students also get a choice to choose an independent accommodation. You can get many accommodation options to share your rooms with other students.

Total expenses to study in Canada – living arrangements

So, you should know whether the on-campus residence facility is more affordable for you. The average cost of on-campus accommodation ranges from $8,000 to $10,000 every year.

Moreover, the average cost of an off-campus residence facility ranges from $400 to $700 every month. The average cost of off-campus residence also depends on the location you choose.

Apart from these two residence options, you can also go with one other option: a homestay that many students opt for. With homestay, you can stay with a host family in the country.

Other study expenses in Canada

The average cost for this accommodation ranges from $ 750 to $950 every month if it includes meal expenses. And for placement fee, that cost generally falls around $200. You can explore the local activities by participating in them with this option. It also gives you a golden opportunity to explore and learn about the local culture.

Health insurance is necessary for everyone who is living in Canada. Many universities also take it seriously and make it mandatory for students. If you live and study in Canada, you should have complete health cover that can promise you to provide 24 hours health cover with dedicated assistance.

As far as health insurance law is concerned, it’s generally divided according to provinces. So, you need to follow the rules and regulations based on your province. The average cost that Canadians spend on health insurance every year is approximately $4,000, which can be either supplemental or private health insurance.

4. Living Expenses – how much will it cost to study in Canada

Apart from your expenses on rent, grocery, and social activities, you should also have some additional money while living as a student in Canada. If you think about the living cost in Canada, you need to consider mainly three critical factors: communication, personal expenses, and books and supplies.

While living in Canada, you frequently call your family members, friends, and others. Therefore, you need to have a separate budget for phone bills. You can search for affordable plans that are available, especially for students. The average cost you need to afford for communication ranges from CAD 20 to CAD 30.

Purchasing books in Canada is indeed an expensive deal. Books for courses such as medicine, law, and others courses are costly. Rather than buying new books, you can opt for purchasing second-hand books to minimize your expenses. Apart from these, your personal expenses include dining, laundry, clothing, and others.

5. Transportation Cost – include this in your total cost to study in Canada from India

Transportation is another factor that one can’t ignore while calculating the cost of living and studying in Canada. Most Canadian universities offer shuttle services to their students. But initially, you need to rely on public transport.

For traveling a short distance, you can use different modes of public transport, including buses, regional trains, and subways. Many popular cities like Vancouver, Toronto, Montreal, and others provide subways and buses.

Though some small cities may not have subways, you can still get options to use a private taxi, buses, and commuter trains. As far as commuting cost is concerned, an average cost ranges from $80 to $120 every month. To make it affordable, you can opt for monthly passes offered to college students.

If you travel a long distance, you can easily avail of buses, railway, flights, private cab, etc., that help you reach your desired city. In some cities, people who are not living nearby bus stops can get an option to park their vehicle to take the bus to their desired destination.

6. Taxes – account for a total cost to study in Canada

Indian students who come to Canada for study can get permission to work for 20 hours every week, applicable for academic sessions. Besides, they can work full-time, especially during vacation. So, if you are looking to earn while studying, Canada gives you a fantastic opportunity for the same.

Meanwhile, you should keep in mind that your earned income is taxable. Apart from this, if you have any assistance or a scholarship from your university, the state government and the federal government can tax it. Besides, the variation in the exchange rate also tends to affect your budget.

It’s good to look for a part-time job and scholarship program, which minimizes the overall cost that you spend on studying in Canada.

Conclusion

If you plan right and have the proper guidance, you can manage your living costs and study in Canada. However, you must get the appropriate counsel and prepare studiously for getting into your institute of choice. Mindmine Global can help you ace your English proficiency test and give you the proper guidance regarding immigrating to Canada for studying.

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