The Ultimate Guide to How Much Money Is Required to Study in Canada?

Studying in Canada can be an investment, and the cost is one of the key factors to consider when planning your education. The cost of studying in Canada can be expensive. But it is important to understand the various costs of studying abroad in Canada to make an informed decision. The cost of studying in Canada can vary depending on the university, program, and location. 

Let’s look at the costs associated with studying in Canada, including tuition fees, living expenses, and other miscellaneous expenses. We will also discuss the financial aid and scholarship options available to help students cover the cost of their education. With this information, you will be able to better understand how much money is required to study in Canada and make a more informed decision.

When it comes to studying in Canada, the cost of education can be a significant factor to consider. Let’s look at the top factors that determine the cost of studying in Canada:

1. Tuition Fees: One of the main factors that determine the cost of studying in Canada is tuition fees. The cost of tuition can vary depending on the program and university, with some universities and programs being more expensive than others. It’s important to research the tuition fees for the program and university to determine how much money is required to study in Canada.
2. Living Expenses: Another factor that contributes to the cost of study in Canada is living expenses. This includes the cost of accommodation, food, transportation, and other daily living expenses. The cost of living can vary depending on the location, with some cities being more expensive than others.
3. Miscellaneous Costs: In addition to tuition and living expenses, there are also miscellaneous costs to consider when studying in Canada. These costs may include textbooks, health insurance, and other necessary expenses. It’s important to factor these costs into your budget to determine the total cost of study in Canada.
4. Cost of Study in Canada for Indian Students: For Indian students, the cost of studying in Canada can be higher. However, there are financial aid options available to help cover the cost of education. It’s important to research the total cost of study in Canada for Indian students to make an informed decision.

Now that you understand the top factors that determine the cost of studying in Canada, you should budget accordingly.

The cost of studying in Canada varies depending on the level of education and the program you choose. Below, we will provide an overview of the tuition fees for some of the most popular courses, including Bachelor, Master, MBA, and Diploma programs. It will help you understand how much money is required to study in Canada:

Study in Canada cost for Bachelor:

• Diploma: CAD 16,000- CAD 28,000 a year, depending on the course and institution.
  
• Degree: CAD 17, 000 to CAD 30,000 a year, depending on the course and institution.

 

Study in Canada cost for Master: 

• Postgraduate Diploma: CAD 17,000- CAD 25,000 a year, depending on the course and  institution.
• Degree: CAD 18,000- CAD 40,000 a year, depending on the course and institution.

 

Study in Canada cost for MBA: The cost of an MBA program in Canada can be higher than other programs. The tuition fees average around $40,000 to $60,000 per year.

Note: These costs above are estimated because the cost of studying in Canada varies based on many factors. To get a better understanding of how much money is required to study in Canada. You should research the total cost of study in Canada for Indian students and budget accordingly.

Or, You can connect with us also to know the exact cost of studying in Canada. Our team of study abroad consultants in Delhi will analyze everything about your profile and budget and then will guide you through the study abroad process.

English proficiency exams are a requirement for many international students looking to study in Canada. The fees for these exams can vary depending on the test and location. Let’s look at an overview of the fees for some of the most popular English proficiency exams.

IELTS:

The International English Language Testing System (IELTS) is one of the most widely accepted English proficiency exams. The fees for IELTS can vary depending on the location and test type (Academic or General Training). On average, the fees for IELTS range from 13,000 to 20,000 INR.

TOEFL:

The Test of English as a Foreign Language (TOEFL) is another widely accepted English proficiency exam. The fees for TOEFL can vary depending on the location and test type (iBT or PBT). On average, the fees for TOEFL range from 12,000 to 20,000 INR.

PTE:

The Pearson Test of English (PTE) is another widely accepted English proficiency exam. The fees for PTE can vary depending on the location. On average, the fees for PTE range from 12,000 to 20,000 INR.

It’s important to note that these are just averages, and the actual fees for English proficiency exams may vary depending on the test center and location. 

If you plan on taking these exams, we can help you prepare! At Transglobal, we offer comprehensive coaching for IELTS and PTE in Delhi to help you ace these tests.

Applying for a student visa to study in Canada can be a complex process with several costs. Here is an overview of the costs of obtaining a student visa for Canada. It includes the cost of the visa application and other associated fees. It will help you understand how much money is required to study in Canada.

Student visa application fee:

The student visa application fee for Canada is CAD 150, which is approximately 9,500 INR.

Biometric fee:

All applicants must provide biometric information as part of the visa application process. The biometric fee is CAD 85, which is approximately 5,300 INR.

Medical examination fee:

Some applicants may be required to undergo a medical examination as part of the visa application process. The cost of the medical examination varies depending on the location, but it is approximately 20,000 INR.

Police clearance certificate:

Applicants will have to provide a police clearance certificate as part of the visa application process. The cost of obtaining a police clearance certificate varies depending on the location, but it is approximately 5,000 INR.

Make sure to check with the Canadian embassy to get the actual cost of study in Canada for Indian students.

The cost of living in Canada for international students varies depending on the city you live in, your lifestyle, and your spending habits. However, in general, you can expect to spend between CAD 10,000 and CAD 16,000 per year on living expenses. In this section, we will provide an overview of the average costs for various expenses, including rent, groceries, transportation, and other miscellaneous expenses.

Accommodation Cost in Canada 

Accommodation is one of the essential costs of studying in Canada for Indian students. Listed below is the average cost of accommodation in some of the top cities in Canada.

Toronto’s Accommodation Cost:

• One-bedroom apartment in the city center: 15,000-20,000 INR per month
• One-bedroom apartment in a less central location: 12,000-15,000 INR per month
• PG accommodation: 10,000-15,000 INR per month

 

Vancouver’s Accommodation Cost:

• One-bedroom apartment in the city center: 18,000-25,000 INR per month
• One-bedroom apartment in a less central location: 15,000-20,000 INR per month
• PG accommodation: 12,000-18,000 INR per month

 

Montreal’s Accommodation Cost:

• One-bedroom apartment in the city center: 12,000-18,000 INR per month
• One-bedroom apartment in a less central location: 10,000-15,000 INR per month
• PG accommodation: 8,000-12,000 INR per month

 

Ottawa’s Accommodation Cost:

• One-bedroom apartment in the city center: 12,000-18,000 INR per month
• One-bedroom apartment in a less central location: 10,000-15,000 INR per month
• PG accommodation: 8,000-12,000 INR per month

 

Other Expenses in Canada

In addition to rent, here is an average of all the other expenses that you can expect. 

Groceries in Canada:

The cost of groceries in Canada can vary depending on the location and the type of products. On average, a week of groceries for one person can cost around 6,000-8,000 INR.

Transportation:

The cost of transportation in Canada can vary depending on the location and the mode of transportation. On average, a monthly bus or train pass can cost around 2,500-3,500 INR. A monthly car payment and insurance can cost around 20,000-30,000 INR.

Health Support:

All international students studying in Canada must have valid health insurance during their stay. The cost of health insurance can vary depending on the province or territory and the type of coverage. On average, health insurance can cost around 5,000-8,000 INR per month.

Miscellaneous expenses:

Other miscellaneous expenses such as phone plans, internet, and entertainment can cost around 5,000-7,000 INR per month.

It’s important to note that these are just averages. And the actual cost of study in Canada for Indian students will depend on the location, lifestyle, and other factors. 

Get in touch with Transglobal Overseas today to know the exact cost of studying and prepare for the journey ahead!

The minimum bank balance required for a Canada student visa is CAD 10,000. This amount should cover your tuition and living expenses for the first year of university/ college. You may also need to show proof of funds for the entire duration of your studies, depending on the length of your program.

The amount of money you need to show will also depend on your family size. If you are bringing your family member with you to Canada, you will need to show additional funds for their tuition and living expenses.

The bank balance you show must be in your name or in the name of a sponsor who is willing to support you financially during your studies in Canada. The funds must be accessible, meaning that you can withdraw them from your bank account without any restrictions.
It is important to note that the minimum bank balance requirement is just a guideline. Depending on your circumstances, the visa officer may ask for more or less money.

Taxes in Canada can be an important factor to consider when planning your finances while studying in Canada. International students may be considered a non-resident for tax purposes and may be subject to different tax rules.

Income Tax in Canada:

International students must file a Canadian income tax return if they have earned income in Canada. The tax rate varies depending on the province or territory of residence and the amount of income earned. Tax returns must be filed by April 30th of each year.

Sales Tax in Canada:

The sales tax in Canada varies depending on the province or territory of residence. The most common sales tax is the Goods and Services Tax (GST) which is currently 5% across Canada.

Property Tax in Canada:

Property tax is based on the property’s value and is typically paid by the homeowner. As a student, you will most likely be renting, so you will not be directly responsible for paying property tax.

Scholarships can be an important way to help cover the cost of studying in Canada. There are a variety of scholarships available to international students, including scholarships specifically for students from certain countries or studying certain programs.

Bachelor’s Scholarships in Canada:

• Vanier Canada Graduate Scholarships: open to Canadian and international students studying at the doctoral level. The award amount of $50,000 per year.
• Banting Postdoctoral Fellowships: It is open to Canadian and international students who have recently completed a Ph.D. The award amount of $70,000 per year.
• Canada Graduate Scholarships-Master’s Program: It is open to Canadian and international students studying at the Master’s level. The award amount of $17,500 per year.

 

Master’s Scholarships in Canada:

• International Leader of Tomorrow Award: open to international students with outstanding academic achievement and leadership potential. The award amount of $40,000 per year.
• Canadian Commonwealth Scholarship: open to citizens of Commonwealth countries pursuing graduate studies in Canada. The award amount varies.
• International Student Scholarship: open to international students studying at the Master’s level. The award amount varies.

There are many other scholarships that you can apply for. Transglobal can help you with the process. Get in touch with us today to get financial aid and scholarship support for studying in Canada.

Doing part-time jobs in abroad while studying in Canada can be a great way to help cover living expenses and gain valuable work experience. International students are allowed to work on campus and off campus while they study.

On-Campus Jobs in Canada:

Many universities in Canada offer on-campus jobs to students, such as working as teaching assistants, research assistants, or library assistants. These jobs typically have flexible hours and are tailored to fit around class schedules.

Off-Campus Jobs:

International students can work off-campus for up to 20 hours per week during the academic session and full-time during scheduled breaks. Popular off-campus jobs for students include working in retail, hospitality management, and customer service.

Co-Op and Internship Programs:

Many universities in Canada offer co-op and internship programs that allow students to gain practical experience while also earning money. These programs can be a great way to gain experience and make connections in your field.

It’s important to note that the availability and type of part-time jobs may vary depending on the specific location and program. You should research the part-time job opportunities in your program and location and use the university’s career center to help you find the right job.

Studying in Canada can be an investment, but with the right financial planning, it can be a worthwhile one. However, it is generally estimated that the total cost of study in Canada for Indian students. It ranges from $20,000 to $30,000 p.a; for undergraduate programs and $15,000 to $25,000 P.A.; for post-graduate programs. The cost of living in Canada varies by location and lifestyle. But it is important to budget for expenses such as accommodation, transportation, and health support.

You should research the costs for your program and location and consult with an expert to assess the most recent costs. Transglobal Overseas is one of the best study abroad consultants in Delhi. We provide a range of services to help students with the financial aspects of studying abroad. Our services include cost assessments, budget planning, and assistance with finding scholarships and financial aid. 

Get in touch with us to plan and bring your dreams to life.