Cost of Studying MS in Canada
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Canada is an amazing study destination for pursuing higher education. Apart from having top universities and ample job opportunities, the budget-friendly cost of studying is a major reason for this. The cost of studying MS in Canada can be less than in other popular developed countries.
The cost of studying MS in Canada varies based on program type and university type. To pursue Master's in Canada, Indian students need to keep a budget between INR 10 to INR 40 lakhs. This is just tuition fees and does not include the cost of living or other expenses. Canadian universities offer MBA (Master of Business Administration), Master of Engineering, Master of Arts or Master of Fine Arts, Master in Management, MPharma (Master of Pharmacy), and Master of Engineering courses.
The duration of Master's courses varies between 1 to 2 years. Here, in this blog, we will help you to understand the overall cost of studying MS in Canada, including other expenses before leaving for Canada.
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Advantages of Pursuing MS in Canada
More than 10 universities in Canada feature in the top 300 of the QS World University Rankings 2025. Apart from this, Canada is not only an immigrant-friendly nation but also offers world-class living standards. International students can work up to 20 hours per week while pursuing higher studies. Also, there are a lot of job opportunities for graduates after completing their education. After completing a bachelor's or master's, international students can stay up to 3 years in Canada and gain international work experience.
MS Cost in Canada inclusions
Some of the important components that make up for the overall cost of studying in Canada are mentioned below.
- IELTS/TOEFL fee – USD 200 to USD 205 (approx.)
- GRE/GMAT fee – You need to submit either GRE or GMAT scores to get admission to an MS program in Canada. In India, GRE costs US $228 and GMAT costs US $275.
- Application fee – Application fee, you pay at the time of the application process. This is a one-time fee that you pay while staying in your home country. On average, it can vary from USD 55 - USD 75 for every university depending on the number of universities you apply to.
- Tuition fee – It may vary from university to university, as explained above (in the infographic) the average tuition fee is approximately USD 12,000 to USD 48,000.
- GIC – Guaranteed Investment Certificate or GIC is a short-term liquid investment for a period of one year that offers a guaranteed rate of return. International students need to purchase a GIC of CAD 20,635 (USD 15,236) before moving to Canada.
- Student Visa application – A study permit for Canada costs CAD 150
- Biometric fee – Biometric fee costs CAD 85
- Flight tickets – One-way flight tickets may cost CAD 1,000 – CAD 1,500 approx
- Living expenses – Living expenses depend on the area you stay in. If you stay in a large city like Toronto or Ottawa then living costs will be higher, whereas if you stay in less popular cities then living costs tend to be less. As shown in the infographic above the average living cost for Canada is CAD 10K/annually.
- Health insurance – CAD 750/annum, medical expenses, personal accident, dental treatment, study interruption (if it happens)
Tuition fees vary from university to university and can vary based on different programs. Courses related to medicine cost more in comparison to other MS programs. The cost of tuition fees may depend on different factors like the programme type (MS/MBA/Ph.D.), stream (CS, Engineering, etc.), university and location of the university (Vancouver, Toronto, Montreal, etc.) and so on.
If you find tuition fees huge then you can go for an education loan for studying in Canada or you may apply for a scholarship to study MS in Canada.
Cost of living in Canada
The cost of living in Canada for international students includes accommodation and all expenses related to your day-to-day activities. Apart from this, it includes food, clothing, transportation, medical insurance, etc. According to Numbeo, an Indian student needs INR 88,400 per month to cover the monthly expenses. This amount does not include house rent as it varies.
Candidates looking for assistance related to universities in Canada can get in touch with our Shiksha Study Abroad Counsellors on our website. Readers with queries can get in touch with us in the comments section below.
Q: What is the CGPA requirement for Prince Edward Island?
Q: What are the scope and post-study opportunities for PGDBA in Selkirk College, Castlegar, Canada?
According to the student review on the unofficial web, pursuing a PGDBA is not a great option in Canada, and pursuing an MBA is far better than that. However, international students who are looking for an affordable option can choose PGDBA from Selkirk as they offer programs way cheaper than other SPP colleges in Canada. In addition, Selkirk College has supporting faculty members and smaller class sizes which means students will get to learn a lot with assignments and projects and get three years to showcase their talent to grab the best career.
Q: Is it easy to get an admission in St. Lawrence College, Kingston, Ontario for international students?
The St Lawrence College acceptance rate for international students is around 57%, which means admissions are moderatly copettive. Applicants must need a good academic profile and meet all the admission requirements.
Q: How is Sheridan College in Canada?
The Sheridan College in Canada is a good college to study because of its quality education and Safety for students. According to the Sheridan College reviews given by students, the college gets a 4.3 rating out of 5.0 for Safety and Public transportation. Students can check the detailed information about the Sheridan reviews and ratings below:
| Components | Ratings (out of 5.0) |
|---|---|
| Public Transportation and Safety | 4.3 |
| Value for money, Post study jobs, and Permanent Immigration | 3.7 |
| Indian Food and Student Life | 3.0 |
Q: What is the acceptance rate for Fairleigh Dickinson University Canada for international students?
For FDU Vancouver, the acceptance rate has not been mentioned but, this is one of the campuses of FDU New Jersey University, so, the acceptance rate can be considered as 87%. The acceptance rate signifies that the university is less selective during admission, but, there are a few of the master’s programs of the university that are highly competitive to get into such as MSc in Applied Computer Science.
Q: How much time is required for an offer letter by St. Clair College, Canada?
International students can apply for St. Clair College admission through the college official portal and submit the required application material before the equal consideration deadline. As application received after the deadline are considered on a first-come, first-serve basis. The admission decision on acceptance to the college can take anywhere between 2-6 weeks. However, there is no special mention about admission decision timeline, it is recommended to reach out to the college for further clarity.
Q: Is Yukon University, cheaper than courses at Red Deer College, Canada?
Q: How much does it cost to study Nursing at Prince Edward Island University?
Prince Edward Island University Nursing cost is INR 7 L for Masters and INR 9 L for bachelor's degree. Mentioned below is the complete first-year cost to study Accelerated Bachelor of Science in Nursing:
Fees components | Amount (for 1 year) |
|---|---|
Tuition & fees | INR 8,66,289 |
Hostel & Meals | INR 6,74,630 |
Total approximate fees | INR 15,40,919 |
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International students must meet the general undergraduate admission requirements to study at Prince Edward Island. Applicants must have a minimum cumulative grade point average (CGPA) of 1.7 in the major subject requirements for Prince Edward Island University admission.
Read about the Canada Grading System