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12th Nov 2022

Afia Azmi

Cost of Studying and Living in Canada for Indian Students

One of the most well-liked locations for students looking for higher education is usually recognized as Canada. Canada is less expensive than other major study and life abroad locations, so your cost of studying in Canada will comparatively be less.

Additionally, the picturesque surroundings, energetic city vibe, and tight-knit campus community offer students the perfect environment for overall development.

Let's take a look at the cost of studying in Canada -

Tuition Fees

A sizeable chunk of the cost of studying in Canada comprises university tuition fees. The overall cost depends on several variables, including the type of course, its reputation and international reach, the city of study, and so forth. As a result, the average cost of tuition at some of Canada's premier institutions can be as high as CAD 35,000. (INR 18,84,000). International students can also estimate the cost of studying in Canada using our Expense Calculator

Graduate Programs

The average cost of studying in Canada is CAD 30,000 (INR 16,15,000) per year for an undergraduate degree, ranging from CAD 12,000 (INR 6,46,000) to CAD 30,000. (INR 16,15,00).

The cost of Canadian degrees in engineering and medicine is slightly more expensive than other undergraduate programmes. The typical tuition for these programmes is 22,000 CAD (INR 11,69,000).

Studying Humanities, Business, and Management courses costs CAD 5,500 (INR 2,96,000) and CAD 6,500. (INR 3,50,000).

Masters Programs

Along with enrolling in undergraduate programmes, many students also enrol in postgraduate or master's degree programmes. The cost of studying in Canada will be CAD 18,000 (INR 9,54,00) for a master's degree.

Particularly pricey programmes are the management (MBA) programmes. While ordinary MBA programmes cost roughly CAD 28,000 in tuition, Executive MBA courses typically cost CAD 57,000 (INR 30,31,000). (INR 14,75,000).

Application Fees

Canada is undoubtedly the most popular choice for overseas students due to its top-notch educational facilities. However, Canadian colleges are renowned for offering accessible education—most levy CAD 50 to CAD 250 in application fees.

Less than 5% of colleges and universities in Canada don't have application fees, which can save your cost of studying in Canada. You will have to pay substantial application fees if you apply to several universities.

GIC Canada

International students must obtain a Guaranteed Investment Certificate (GIC) to study under the Student Direct Stream Programme. The GIC serves as proof of funding for students applying for a Canada Study Visa.

All international students are required to deposit one year's living expenses with the Canadian bank to cover their costs of studying in Canada. To be eligible for a Canada Student Visa under the SDS programme, students must have a GIC account. The GIC is available from any participating bank and is worth $10,200.

Canada Study Permit Fees

International students can study in Canada with the help of permission given by the Canadian immigration authorities. Without current study permission, international students are not allowed to enrol in courses in Canada. In Canada, a study permit costs CAD 150, or approximately INR 8,873 at the time of writing (as shared on the CIC Website).

Fees for Canada Student Visas

For a visa, international students must pay CAD 150. A student must pay this fee to apply for a student visa in Canada. Additionally, keep in mind that international students must have sufficient cash to cover their living expenses for one year of study abroad, which must total at least $10,000 in Canadian dollars. The cost of education in Canada for Indian students is a set sum kept in a bank account. This cost relates to the student visa.

Health Insurance

According to the Canada Insurance Plan, the average annual premium for health insurance is between CAD 600 and 900.

Accommodation

In addition to tuition costs, lodging costs play a significant role in the cost of living in Canada. Numerous institutions offer on-campus housing, but you can also live off-campus. The price may vary from CAD 5,000 (INR 2,67,000) to CAD 10,000 (INR 5,39,000) each year, depending on the types of rooms and flats. Furthermore, compared to other cities, the cost of lodging may be higher in major cities like Toronto and Montreal.

Accommodation Styles -

International students have two main options for living and studying in Canada: living on or off campus -

Students can choose from choices like dorms and townhouses offered to students living on campus under these two categories.
Options off-campus include homestays, shared residences, single apartments, condos, and host families.

Travel Expenses

Roads from Canada span the entire continent, reaching the farthest reaches of the United States. However, both short- and long-distance travel in Canada is quite expensive. As a result, students prefer using buses, trains, and subways, which can cost anywhere from CAD 80 (INR 4,300) to CAD 110 (INR 6,000) each month on average.

Miscellaneous Costs

Books, office supplies, library dues, food, utilities like water, electricity, phone, and internet charges, as well as other personal expenses, are some additional living costs that are included in the total cost of living in Canada.

Here are some of the basic expenses for staying in Canada for a month 0

Food - 200 CAD - 500 CAD
Books And Stationery - 250 CAD - 350 CAD
Telephone and Internet - 30 CAD

Frequently Asked Questions (FAQ)

Q.1) Is Canada cheaper for Indian students?

Canada is less expensive than other major study and life abroad locations. Additionally, the picturesque surroundings, energetic city vibe, and tight-knit campus community offer students the perfect environment for overall development.

Q.2) How much will it cost to study in Canada?

In Canada, pursuing a bachelor's degree costs, on average, CAD 30,000 (INR 16,15,000) per year, with costs ranging from CAD 12,000 (INR 6,46,000) to CAD 30,000. (INR 16,15,00).

Q.3) Is it worth studying in Canada for Indian students?

Canada is unquestionably a worthwhile option when considering studying abroad because it is more affordable than other countries while providing a top-notch education. Many of the top universities in the world are located in Canada.

Q.4) What are the visa fees in Canada?

For a visa, international students must pay CAD 150. A student must pay this fee to apply for a student visa in Canada.