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What is the Approximate Educational Cost in Canada for International Students in 2024

Entering the realm of studying abroad is an exhilarating adventure, yet it comes with its unique financial challenges. This holds particularly true for Indian students, especially when opting for higher education in Canada.

Canada's Education Expenses

Undoubtedly, education in Canada comes with a hefty price tag. Students must be well-informed about the associated costs to make informed decisions during the financial planning phase. This awareness serves as a shield against feeling overwhelmed by uncertainties.

The costs can be broadly categorized into three sections:

Tuition Fees
Cost of Living
Study Visa & Travel Costs

We aim to guide comprehending the expenses tied to studying in Canada, allowing you to channel your focus into your studies without the burden of financial stress.

Also Read Canada Introduces Two New Language Tests for Its Study Visa Process

Canada Tuition Fees for Indian Students

Navigating the landscape of studying in Canada brings you face-to-face with a significant expense — tuition fees. The costs associated with tuition can vary substantially based on the institution, chosen study program, and level of study.

Degree Level	Average tuition fee (per annum)
Undergraduate programs	CAD 31,200 to CAD 49,130 (INR 19,05,943 to INR 30,01,249)
Postgraduate programs	CAD 24,760 to CAD 45,035 (INR 15,12,537 to INR 27,51,094)

Choosing to pursue professional programs such as medicine or law comes with an additional financial commitment.

University Fees for International Students in Various Courses:

Program	Field of Study	Average tuition fee (per annum)
Undergraduate	B.Tech	CAD 35,472 (INR 21,66,910)
Undergraduate	BBA	CAD 26,730 (INR 16,32,880)
Undergraduate	MBBS	CAD 48,360 (INR 29,54,212)
Postgraduate	MS	CAD 18,227 (INR 11,13,449)
Postgraduate	M.Eng	CAD 24,760 (INR 15,12,537)
Postgraduate	MBA	CAD 45,084 (INR 27,54,088)

Institution’s Application Fee: CAD 50 (INR 3,086) to CAD 200 (INR 12,346) (One-time)

Ensure thorough research on the study programs of interest and review the tuition fees established by various universities in Canadian provinces.

Also Read Top 5 Canadian Companies That Sponsor Foreign Professionals

Cost of Living for Indian Students in Canada

As Indian students apply for a Canada study visa, it is essential to budget for living expenses, encompassing accommodation, food, transportation, and additional personal costs, alongside the tuition fees.

The living costs are influenced by the city of choice. Larger cities like Vancouver and Toronto tend to be pricier compared to smaller cities or rural areas.

The average accommodation cost ranges from CAD 10,000 (INR 6,10,644) to CAD 15,000 (INR 9,15,966). This covers rent, groceries, utilities, transportation, and day-to-day expenses.

Indian students in Canada can opt for on-campus or off-campus accommodation. Many universities provide on-campus housing, while off-campus options include shared apartments, single apartments, and homestays around the campus.

Housing expenses also vary based on the location and time of the year; for example, Toronto is more expensive than Calgary.

Once again, comprehensive research on the cost of living in your selected city is crucial for effective budgeting.

Financial Requirements

It is imperative to present evidence to the Canadian immigration authorities proving that you possess sufficient funds for studying in Canada. Failing to align financial requirements with the cost of living may lead to a shortfall in expected funds for students.

To address this, obtaining a Guaranteed Investment Certificate (GIC) is necessary. This financial product, provided by banks and other institutions to international students in Canada, serves as proof of adequate funds for living expenses during their studies.

Through the RBC International Student GIC Program, a fixed amount is deposited into the GIC account, and in return, students receive fixed monthly payments for a specific duration.

To prevent such financial gaps, the IRCC regularly updates the annual cost of living in line with Statistics Canada's Low-Income Cut-off (LICO).

As of January 01, 2024, the cost-of-living requirement for a single study visa applicant is CAD 20,635 (75% of LICO), in addition to the first-year tuition fee and travel costs. This amount has doubled from the previous CAD 10,000 to adapt to the changing financial landscape in Canada, safeguarding students from vulnerability.

The IRCC has also implemented specific directives for Canada's Student Direct Stream (SDS) to expedite the processing of Canada Study Visas for residents of 14 countries.

Study Visa and Travel Costs

For Indian students applying for a study visa, study visa, and travel costs significantly impact the overall study cost.

These include:

Language Proficiency Tests

IELTS – INR 17,000
TOEFL – INR 16,900
PTE Core – INR 17,000
Duolingo Test - $59 (INR 3,603)

Study Permit and Biometric Fees

Study permit: CAD 150 (INR 9,161)
Biometric fees: CAD 85 (INR 5,190)

Health Insurance
International students from India must have health insurance to study in Canada. The cost varies by province or territory but averages between CAD 600 (INR 36,652) and CAD 1000 (INR 610,87) per year. Some Canadian universities may include health insurance in their student fees, so it's advisable to check with the institution.

Also Read How to Apply for the Provincial Nominee Programs?

Embarking on a Rewarding Educational Journey in Canada

Undoubtedly, studying in Canada offers a wealth of rewarding experiences, unlocking doors to extensive research opportunities that can shape your future. However, it is equally crucial to comprehend the associated costs of higher education for effective budgeting and planning.

Exploring Financial Avenues

Should you encounter challenges in funding your Canadian education, consider delving into scholarships for Indian students in Canada, generously funded by the Canadian government. Given the time-intensive nature of the process, initiate the application process approximately a year before your scheduled study commencement in Canada.

Also Read How to Apply for the Provincial Nominee Programs?

Expert Guidance at Your Fingertips

Seek assistance from the top immigration consultants in India to facilitate your study visa application, manage your finances proficiently, and transform your dream of studying in Canada into a reality without straining your finances.

Wishing you the best of luck on your educational journey!

Top 5 Canadian Companies That Sponsor Foreign Professionals

Canada has seen a huge increase in immigration in recent years. More than a quarter of all employment in Canada is held by immigrants. There are greater opportunities for immigrants to enter the economy as a result of Canada's ageing population and low birth rate.

Because of this, Canadian employers are increasingly looking for immigrants who possess the skills necessary to maintain their businesses. Even while they don't always sponsor have foreign workers, Canadian businesses can help you submit an LMIA to ESDC Canada. The goal of this department is to raise people's standards of living and quality of life in Canada. They keep an eye on the labour market and make sure that just and fair hiring practices are followed. The hardest thing about working in Canada is this.

Also Read Your Canadian PR Citizenship Revocation

You can apply for a work visa if the Labour Market Impact Assessment (LMIA) is favourable. The first step in your trip should be to apply for a work visa in Canada. You must work for a company that will handle the application process for you and cover the associated costs.

Let’s read this blog ahead, formed by the best immigration consultants for Canada, to know all about the top companies in Canada.

These 5 Canadian businesses all sponsor foreign workers.

Google Canada

With its headquarters in Toronto, Google Canada has a sizable employee base abroad. Jobs are offered in Engineering & Technology, Sales, Law, and Design for all career paths. Google does not discriminate based on race, color, national origin, disability, or gender because it is a leader in equal opportunity.

If you have many years of experience and speak English or French fluently, your chances of being employed at this multinational company's Canadian office are significantly higher. With Google, there are many sponsorship positions available in Canada.

P&H Farming

Parrish & Humbucker, Limited (P&H), a significant Canadian family-owned business with more than 100 years of agricultural experience, sponsors foreign labour. P&H, established in 1909, is a growth-oriented, diversified, vertically integrated business that engages in the selling of grains, the supply of crop inputs, the production of flour, and the operation of feed mills.

To help Canadian farmers and food manufacturers sell their produce and baked goods to domestic and foreign markets, Parrish & Heimbecker, Ltd was established. The well-established asset network, solid customer relationships, and ongoing infrastructure development of Parrish & Heimbecker, Ltd enable it to support Canadian farmers at every stage of the supply chain, from seed to ultimate export.

Farming businesses like P&H want to hire foreign workers to cover the labour shortage and guarantee that there is always food on the table because agriculture is such a significant industry in Canada. Although farming is considered unskilled labour, your Canada Express Entry application will benefit by having some experience and being younger.

Also Read Top 6 Reasons to Move to Canada

KPMG

Looking at financial institutions is another method for locating sponsorship positions in Canada. KPMG is a Canadian auditing and tax consulting firm with headquarters in Vancouver. They not only offer seasoned experts and executives jobs in the financial sector but also train students. They market themselves as being inclusive and priorities diversity and equity in hiring.

KPMG Canada is dedicated to building an accommodating, welcoming, and barrier-free workplace where people are free to bring their whole selves to work.

They think that a diverse and inclusive staff benefits the business and improves the workplace environment. Additionally, it enables the organization to forge connections with customers, employees, and communities.

Get in touch with the best immigration consultants for Canada to know about your eligibility for the Federal skilled program such as the Canada Express Entry Application process.

Also Read Immigrate to Canada From Delhi, India

Scotiabank

Located in Toronto, Ontario, The Bank of Nova Scotia, popularly known as Scotiabank, is a multinational Canadian banking and financial services company. One of Canada's Big Five banks, it ranks third in terms of deposits and market capitalization.

Depending on your interests and preferences, the bank provides a variety of careers. Working in the Retail Banking team might be enjoyable for you if you enjoy forging connections. Do you want to create secure and streamlined digital experiences? Join the bank's technology division and participate in the development of banking.

If you want to increase your financial literacy, look into career vacancies in accounting and finance. Get knowledge of commercial banking to help clients expand their businesses, with the help of the best immigration consultants for Canada.

Also, click here to find out your eligibility for the various sub-categories of the Canada Express Entry Application Process in 2023.

Elastic Path

Elastic Path is the last organization on our list of Canadian businesses that sponsor foreign labour. Elastic Path is a headless e-commerce solution that incorporates middleware-free eCommerce with enterprise resource planning. The solution is API-based and particularly targeted at businesses at the Enterprise level. Work in business development, HR, marketing and product development, sales, and other fields at this Vancouver-based corporation.

Also Read Apply for the Provincial Nominee Programs? >> Immigrate to Canada Through Express Entry

=>> What Are The Top 5 Canadian Provinces For Immigration

=>> How to Migrate to Canada as a Low-Skilled Worker?

Locating a Route to Canada

The first step in moving to Canada is to find a company that will provide you with a job. Checking your eligibility for the Canada Express Entry application process should be your first step. This will demonstrate which of the several routes to Canada you ought to take.

Are you prepared to begin? Canada immigration consultants

you may call our team of registered advisors at Universal Adviser Immigration office on Tel No. +91-730-345-0222 or drop your queries at info@universaladviser.com for quick response.

Also Read

Frequently Asked Question

I have 75 points out of 100. Am I eligible for the Canada Express Entry application program in 2023?

I started my Canada PR Visa Process yesterday. How long might it take for me to get the Canada PR visa?

How can I get a Canadian PR visa from a Canadian visitor/tourist visa?

Is it difficult to get a Canadian PR visa at the age of 39 in 2023?

Do I have to stay in Canada after getting the PR, or can I return to my home country and do my job here as usual?

I want to bring my mother to Canada with me, but she is 58 years old. How can I apply for her Canada PR visa?

Can I maintain my PR status or do I need to reapply if I have a Canadian PR but spend four out of the five years living outside the country but return to Canada before my PR card expires to stay permanently?

Should I apply through Canada PNP or Canada Express Entry? Is PNP ITA easier to get than the Express Entry ITA?

How many Canadian PNP draws take place in a year?

What is the Canadian Express Entry points cutoff in 2023?