It is every student’s dream to study in Canada. The benefits you get as a student studying in Canada far outweigh the cost and expenses that come with it. However, this article will answer the question of how much it costs to study masters in Canada.
There are so many factors that would affect the cost you pay to study in Canada, and this includes the university, the course program, the location you are residing, and many more. You should also note that international students pay more in tuition and other fees compared to students who are Canadians or permanent residents.
How Much Do Domestic Students Pay
Canadians and permanent residents enjoy a lot of benefits such as scholarships, grants, and fees reduction from the Canadian government. The Canadian government has also invested much more in Canadian education as well as in students to see that tuition fee and the general cost of education is low for all.
Domestic students in Canada pay less than half of what international students pay, and the latest research shows that in the 2020-2021 academic year the cost of doing a master’s in Canada was in the range of CAD $2,500 (USD $1,955) and CAD $18,000 (USD $14,080).
This amount will be higher if you are going for professional courses like medicine, MBA, and others.
The cost of studying MBA is CAD $56,328 (USD $4,062). If you will like to get more information about the cost of most course programs offered in Canada then look for details here https://www.findamasters.com/masters-degrees/canada/?40w000
Students may also pay other fees which include, continuation fees (for students who wish to extend their studies beyond the normal length of the program) you’d pay less than CAD $1,000 (USD $782) sometimes more, Health insurance usually between CAD $200 and CAD $300 (USD $157-235), or a supplementary fee which may include charges for administrative costs, services, and resources which would cost around CAD $100 (USD $78).
How Much Do International Students Pay
International students pay double what a domestic student pays for tuition and other charges. To study a master’s program students are expected to pay on an average between $17,744 (USD $13,880) and $25,044 (USD $21,080).
Another important factor to consider is the cost of health insurance which is compulsory for all students. You may not need to pay any money for health insurance if you are studying in the provinces listed below because they would normally cover international students under their public healthcare plans.
Newfoundland and Labrador
For other provinces like Nova Scotia, Ontario, Prince Edward Island, or Quebec, you must purchase health insurance coverage. The cost of health insurance ranges between CAD $600 and CAD $1,000 per year (USD $470-782).
The Most Affordable Universities for Master’s Degrees
1. Memorial University of Newfoundland
The average Tuition Fee is CAD 4,000
2. Brandon University
Average Tuition FeeCAD 8,591
3. University of Saskatchewan
Average Tuition FeeCAD 6,536
4. University of British Columbia
Average Tuition FeeCAD 7,641
5. University of Alberta
Average Tuition Fee of CAD 10,260
6. University of Manitoba
Average Tuition Feeof CAD 10,280
7. University of Guelph
Average Tuition FeeCAD 10,544
8. McGill University
Average Tuition Feeof CAD 12,600
9. University of Calgary
Average Tuition Feeof CAD 12,695
10. University of Moncton
The average Tuition Fee is CAD 12,030
What Is the Cost of Living in Canada?
The cost of living covers the cost of food, accommodation, transportation, etc. depending on which province you are residing in, you may pay more for food and accommodation or lesser.
On-campus Rent is $600
Mobile phone (basic package) $30
Public Transit Pass $40
Car: Insurance $1,500
Car: Fuel $200