Cost of Study

Cost of education depends on the course and university that you choose to study from. We have collated the average fee information for you in the below table.

Study ProgramAverage fees in CAD
Undergraduate Bachelor’s Degree$13,000 to $20,000 annually
Postgraduate Master’s Degree$17,000 to $25,000 annually
Doctoral Degree$7,000 to $15,000 annually
MBA$30,000 to $40,000 annually

Cost of student visa

The cost of student visa for Canada is approximately CAD 150.

Cost of health insurance

It is mandatory for all students travelling to Canada to get medical insurance before the start of their program. Health insurance for international students varies from location to location, and it also depends upon the insurance firm. As per the Canada Insurance Plan, the average yearly premium for obtaining a health insurance ranges from $600 CAD to $900 CAD.

Cost of living

To obtain your student visa, you will be required to provide evidence of financial documents outlining that you have sufficient funds to meet your financial needs, while studying in Canada. Overseas Grad will guide you on these requirements and rules around the evidence to cover the costs of your stay, study and living expenses. You will be required to provide your proof of funds in the following extent:

Cost for student only – You will be required to provide proof of funds in the following manner –

  • Proof of funds for your tuition fees
  • Proof of funds showing the 12-month living costs for students which is CAD $10,000

Cost for partner and child – In addition to the proof of funds for students, you will have to show the below funds for your partner and child.

  • CAD $4,000 amounts of funds required per year for First family member
  • CAD $3,000 amounts of funds required per year for every additional accompanying family member

The below table indicates average rental expenses.

Accommodation typeExpenses (Indicative)
On-campus Accommodation$8,000 to $10,000 per year
Shared Apartment Off-campus$400 to $700 per month

Other Living Expenses

Groceries and eating out$600 to $800 per month
Gas, electricity$50 to $80 per month
Phone and Internet$30 to $40 per month
Public transport$80 to $120 per month
Entertainment$80 to $120 per month