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Money Matters

Tuition and living expenses at a Canadian school are a great value. International student tuition in Canada ranges from CDN $10,000 to CDN $25,000.

Scholarships and awards for international students are available at some Canadian institutions for students with exceptional results. The amount and type of award varies from one institution to another. Obtaining a scholarship is competitive and applications must be made directly to each school.

Cost of Living in Canada

Below is a rough estimate of how much international students spend during one academic year; however this will depend on the standard of living you will expect.

The minimum living costs required by the Canadian Embassy  are:
Quebec:                          CDN $917 per month
Outside Quebec:              CDN $833 per month

The following is a guide for the things you need to budget for:

  • accommodation; will vary depending on the type of accommodation you depend (private rental exclude heating, lighting, electricity and, in some cases, water rates)
  • food
  • books and photocopying
  • clothes and toiletries can be a large expense
  • entertainment and sports will vary depending on your interests
  • travel expenses, phone calls, birthday presents and additional course costs

When you first arrive in Canada it is advisable to take some money in the form of currency notes and some Traveller's cheques.

Make arrangements to have your money transferred to your account in a bank in your home country, which can later be transferred to your new bank account in Canada

Make sure you apply for your student card as many local shops, theatres, cinemas, museums and special fare prices are available on buses and trains.