It’s every student’s dream to study in Canada. The benefits you get as a student for studying in Canada far outweigh the cost and expenses that come with it. However, in this article, we will discuss what it would cost you to do your master’s 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 in, 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 Does Domestic Students Pay
Canadians and permanent residents enjoy a lot of benefits such as scholarships, grants, fees reduction from the Canadian government. The Canadian government has also invested much more in Canadian education as well, to see that tuition fees and the general cost for 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 masters 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
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 Does 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 the other province like Nova Scotia, Ontario, Prince Edward Island or Quebec, you must purchase a health insurance cover. The cost for health insurance ranges between CAD $600 and CAD $1,000 per year (USD $470-782).
The Most Affordable Universities for Master’s Degree
Memorial University of Newfoundland
Average Tuition Fee CAD 4,000
Average Tuition Fee CAD 8,591
University of Saskatchewan
Average Tuition Fee CAD 6,536
University of British Columbia
Average Tuition Fee CAD 7,641
University of Alberta
Average Tuition Fee CAD 10,260
University of Manitoba
Average Tuition Fee CAD 10,280
University of Guelph
Average Tuition Fee CAD 10,544
Average Tuition Fee CAD 12,600
University of Calgary
Average Tuition Fee CAD 12,695
University of Moncton
Average Tuition Fee 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 $600
Mobile phone (basic package) $30
Public Transit Pass $40
Car: Insurance $1,500
Car: Fuel $200