Posted on December 27 2024

How much money is required to study in Canada?

By
Anshul Singhal
, Editor

Updated April 28 2025

The cost of study in Canada depends on various factors, such as the program chosen, tuition fees, the place you reside, and lifestyle. Canada offers some of the best universities in the world, notably the University of Toronto, McGill University, the University of British Columbia, and the University of Alberta, which are among the top 100 as per the latest QS Global University Rankings. As per the latest official data, over 1 million international students are pursuing their higher education in Canada, an increase of 286% over a 10-year period.

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What are the expenses for studying in Canada?

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

Types of expenses	Estimated cost (In CAD)
Food expenses	CAD 300 – CAD 400 (per month)
Travel Costs	CAD 80 - CAD 110 (per month)
Student Visa Fees	CAD 150
Living Costs for International Students	CAD 37,526
Travel Expenses to Canada (Flight expenses)	CAD 1,810
Total Cost of Studying in Canada (Including Tuition, Fees, and Living Expenses)	CAD 67,401 – CAD 114,030
Health Insurance Fee	CAD 300 – CAD 800
University Application fee	CAD 125
Accommodation Costs for Indian Students in Canada	CAD 5,000 - CAD 10,000 annually
Test Fees for IELTS, GRE, & Other Exams	CAD 280 - CAD 371
Books and School Supplies Costs	CAD 1,000 - CAD 2,000
Entertainment Expenses for Students	CAD 750 (per month)
Average Tuition Fees at Top Canadian Universities	CAD 7,000 - CAD 53,538
Guaranteed Investment Certificate (GIC) for International Students	CAD 20,635

Top 10 universities in Canada with their course fees

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

Name of the universities	Annual average fee (CAD)
University of Toronto	CAD 45,800 – CAD 67,370
McGill University	CAD 20,000 – CAD 27,000
University of British Columbia	CAD 32,267 – CAD 42,000
University of Alberta	CAD 9,500 – CAD 12,500
University of Waterloo	CAD 48,000 – CAD 71,000
Western University	CAD 47,000 – CAD 63,845
University of Montreal	CAD 14,420 – CAD 22,348,
McMaster University	CAD 6,300 – CAD 31,000
University of Ottawa	CAD 11,000 – CAD 21,800
Queen’s University	CAD 12,927 – CAD 18,000

Annual Avg fee

Also, read…
Study Bachelor's in Canada

Top 5 cities in Canada and their cost of living

The following list consists of the names of top cities to stay in Canada, and average monthly expense in each:

Name of the city	Cost of living per month
Montreal	CAD 3,275 – CAD 5,960
Toronto	CAD 3,500 – CAD 4,000
Vancouver	CAD 2,500 – CAD 4,500
Ottawa	CAD 2,000 – CAD 2,500
Quebec	CAD 1,500 – CAD 1,800

cost of leaving

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