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 and 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.
Also Read
- Advantages of Pursuing MS in Canada
- MS Cost in Canada Inclusions
- Cost of living in Canada
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.
| Component | Fee (Approximate) |
|---|---|
| Exam Fees | |
| Application fee | USD 55 to USD 75 per university (varies) (INR 4,857 to INR 6,623) |
| Tuition fee (MS programs) | USD 15,000 to USD 36,000 (INR 13.24 Lakhs to INR 31.79 Lakhs approx.) |
| Guaranteed Investment Certificate (GIC) | CAD 22,895 (INR 14.60 Lakhs) |
| Student Visa application (Canada Study Permit) | CAD 150 (INR 9,570) |
| Biometric fee (Student Visa) | CAD 85 (INR 5,423) |
| Flight tickets (One-way) | CAD 1,000 to CAD 1,500 (INR 63,800 to INR 95,700) |
| Living Expenses in Canada | CAD 20,000 to CAD 22,000 annually (INR 12.76 Lakhs to INR 14.03 Lakhs) |
| Health Insurance in Canada | CAD 600 to CAD 825 annually (INR 38,280 to INR 52,635) |
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. 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.
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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.
Statement of Purpose
Letter of Recommendation
Student Visa Application
Admission Essay Writing
Student Curriculum Vitae