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Costs |
Studying in Canada is not free, but it is affordable. The average cost for a foreign student for one school year (8 months) in an Arts & Science program is C$7100 (US$4765).
Costs of Living
Some typical costs for living in Canada:
• Bus Fare One Way (local) $2.00
• Local Telephone Call $0.25
• Average Restaurant Meal $10.00 - 25.00 per person
• Movie $8.50
• Letter within Canada $0.48
• International Postage (letter) $1.25
Taxes
Some provinces apply a provincial tax levy to goods and services. All provinces must apply the federal Goods & Services Tax (GST) of seven per cent to most purchases. As a visitor, a portion of the GST may be refunded to you upon your departure from Canada. There are restrictions that apply and you must provide original receipts. Contact Revenue Canada or your school for further information. GST refund forms can be obtained at the information counters at airports and at most shopping malls.
Banks & Currency Exchange
Although banks often offer the best currency exchange rate, some do charge a small fee to change money or traveller's cheques, and prices listed often do not include taxes. It is best to change a small amount of currency into Canadian money before coming to Canada, as banks are usually open only Monday to Friday, daytime hours (9 a.m. to 5 p.m.). Other means of exchanging your currency can be somewhat more costly. Exchange services offered by hotels, shops, and exchange booths almost always offer the highest rates or charge large commission fees. Wherever you go, always ask about hidden charges before changing money.
All shops and businesses will accept Canadian currency, and some will accept United States currency in tourist areas. All other currency must be converted.
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