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Study Cost Introduction:
Canada is a country where international students go for completing studies every year. These students have a wide range of experience during their study time and have the opportunity to get employment in various sectors according to their particular subject. However, the cost to study in Canada is a crucial factor that every student should take into account before they start traveling. Compared to other countries, the cost to study in Canada is affordable and the institutions of Canada offer quality education. In this article, we are going to discuss the cost to study in Canada for undergraduate degrees, MBA degrees, Engineering degrees, cost of accommodation, cost of health and insurance, and transportation costs.
Tuition fee
The tuition fee and expenditure of your study are based on which institute you are going to read and the subject or degree you are going to study. The anticipated cost of tuition fees for a year is 10000 CAD to 40000 CAD. The cost for courses like arts, humanities, and education are less than others, and as the demand for engineer and medicine is high, therefore tuition fees for these subjects are expensive. The tuition fees for a postgraduate degree are also expensive as it varies on the program you will choose. MBA is also another subject in the expensive list and it is not only expensive in Canada but also in most other countries.
Cost of Undergraduate Education for Foreign Students in Canada
The anticipated cost for an undergraduate degree is from 500 CAD to 40000 CAD every year. Here is a table of the cost of In-demand courses.
| Courses | Annual Tuition Fee in CAD | Course Duration |
| Bachelor in Business & Management | 500 – 60,000 CAD | 4 years |
| Bachelor in Computer Science & IT | 1,825 – 75,000 CAD | 4 years |
| Bachelor in Engineering & Technology | 1,550 – 78,000 CAD | 4-5 years |
| Bachelor in Social Sciences | 1,000 – 65,000 CAD | 4 years |
| Bachelor in Natural Sciences | 1,780 – 53,000 CAD | 4 years |
Cost of MBA Degree for International Students in Canada
Undoubtedly MBA degree is valued the most in Canada. An international student will need to pay around 32,000 CAD to 50,00,000 for doing Masters of Business Administration program. It will take two years to achieve an MBA degree. Below is a yearly cost structure of the universities that are demandable in Canada:
| University Name | Annual Fee in CAD |
| Rotman School of Management | $75,000 |
| McGill University- Desautels Faculty of Management | $50,000 |
| Ivey Business School | $120,500 |
| Schulich School of Business | $55,500 |
| Smith School of Business | $110,000 |
Cost of Engineering Degree in Canada for International Students
The demand for Engineering studies also has demand in Canada. Every year many international students go to Canada to get a degree in Engineering. The reason for becoming a demandable subject is because the best engineering colleges in Canada have secured their world ranking among the top 50 colleges. The duration of a master’s degree is two years and for a bachelor’s degree it takes four years. The educational cost of Engineering in Canada is less than in other developed countries. Here is the cost structure of the greatest universities in Canada:
| University | (Annual) Tuition fees for Bachelors in CAD | (Per Term) Tuition fees for PG in CAD |
| McGill University | $40,500 | $10,500 |
| University of British Columbia | $40,700 | $9550 |
| University of Alberta | $30,400 | $12,000 |
| McMaster University | $27,500 | $20,000 |
| University of Waterloo | $35,000 | $7,500 |
| The University of Western Ontario | $34,800 | $14,000 |
| University of Calgary | $1,500 | $13,200 |
Costs of Accommodation and Living
In Canada, you will find numerous universities that offer hostels for living. You also have the opportunity to stay in apartments by renting them. Staying on-campus accommodation will cost from 9500 CAD to 12500 CAD every year and choosing to stay by sharing an apartment will cost from 550 CAD to 850 CAD. If you choose to study in cities like Toronto or Vancouver then you have to choose an expensive budget. The cost range of accommodation in these cities is 1500 to 3500 CAD every month. And if you have a tight budget, then Montreal can be a preferable choice. If you choose to stay in Montreal then you have to count around 600 CAD every month. Another choice can be staying with a Canadian family. In this case, a placement fee needs to be provided in the amount of 300 CAD and the monthly fee can range from 800 to 1000 CAD as payment for food and housing, electricity bills, water, and other basic utility bills. The anticipation of the University of Montreal states that the cost of academic books, phone calls, house or hostel seat rent, and other various expenses will be around 16,500 CAD.
Health and Insurance
Treatment costs are very expensive in Canada if one takes treatment from any hospital without obtaining health insurance. If you go to the hospital for creating an appointment with a doctor, then you have to count around 150 CAD. If your case is critical and want to get treatment from the emergency room, you have to bear the cost with a minimum amount of 1200 CAD. And choosing a separate room in a hospital ward will cost around 4000 CAD every night. There are many plans available for health insurance; therefore, the price depends on what plan you wish to take, your records of past medical issues, and how long you will stay in the hospital. The annual health insurance cost may range from $550 CAD to $950 CAD. Keep in mind that this cost may vary on the insurance company and the location.
Transportation
The cost of transportation differs on how far you are living from your college or university. Transportations such as buses, tram cars, or ferries are available in large cities. The estimated cost for monthly passes ranges from 100 CAD to 150 CAD on average.
Conclusion:
As you know the cost to study in Canada, it is advised that you research the above-mentioned costs at least a few months before because these amounts may change according to the economic condition. We hope that this article has helped you to get information on the cost to study in Canada. Wishing you an awesome journey to Canada and a precise career ahead!`
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