Cost of MS in Canada in Indian rupees can be a lot expensive with around 15 lakhs INR tuition fees per year. Along with tuition costs, students have to meet day-to-day expenses and monthly living costs as well. Cost of living in Canada can be around 5 lakhs to 11 lakhs per year for an Indian student.
Indian students have to make a budget for pre-arrival costs as well. This part of the budget includes the standardized test fees, application fees for MS universities in Canada and visa application fees. Before discussing the fees in detail, let’s take a look at an estimate of MS in Canada cost in Indian rupees.
Also Checkout: MS in Canada
Cost of MS in Canada in Indian Rupees: Highlights
| Type of expense | Average Cost (in INR) |
|---|---|
| IELTS/TOEFL (one-time) | 15,500 |
| Application Fees (one-time) | 2,500 to 9,000 |
| Tuition Fees (total) | 9 lakhs to 30 lakhs |
| Accommodation (yearly) | Up to 10 lakhs |
| Purchase of GIC (one-time) | 6 lakhs |
| Visa Application fees (one time) | 18,000 |
| Air Fare (one way) | 50,000-1 lakh |
| Living Expenses (yearly) | 14 lakhs |
| Health insurance (yearly) | 1 lakh to 2 lakhs |
Why Study MS in Canada?
Canada is one of the most sought-after destinations for MS programs among international study-abroad students. Behind its growing popularity, there are some facilities and advantages at work. Those advantages are listed below.
- Over 20 universities in Canada are regarded among the top 300 global universities by the QS World University Rankings.
- Canada is home to some of the popular companies hiring graduates every year, such as Boston Consulting Group, Ford Motor Company, and Loreal.
- Canada has many immigrant-friendly policies and the country also has a very fast visa processing system.
- Canada offers several student visa programs like SDS New Student Program to Indian students for a faster visa application process.
- Canada also has a wide range of job opportunities and the average salary after MS in Canada is around 73,000 CAD 43 lakhs per year
- The unemployment rate of Canada as of 2022 is 5.29%, which represents abundant job opportunities for graduates.
Also Read: Jobs after MS in Canada
Cost of MS in Canada in Indian Rupees: Pre-arrival Costs
The expenses before leaving India are one-time expenses such as exam fees, application fees, visas, and other costs. Together, these make a significant amount of MS in Canada costs for Indian students. The costs are as follows.
- Costs of standardized tests
- Purchase of GIC
- Application fees
- Quebec Certificate of Acceptance
- Airfare
- Study permits
- Canada student visa fees
Costs of Standardized Tests in Indian Rupees
Other than basic requirements like a bachelor’s degree to study master’s in Canada, English proficiency tests such as IELTS/TOEFL/PTE/CAEL are required to be cleared as proof of English proficiency.
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| Expenses | Cost (in INR) |
|---|---|
| IELTS Fees | 15,500 |
| TOEFL | 15,500 |
| PTE | 15,900 |
| GRE fee | 18,540 |
| GMAT fee | 22,360 |
Proof of Funds to Study MS in Canada for Indian Students
To obtain a study permit in Canada, students require to show proof that they have adequate funds to live and study there. Designated learning institutes in Canada can ask for the first year tuition fee as well before admission. Up to a minimum of 5.99 lakhs INR is needed to obtain a student visa for Canada. To arrange these funds three options are there such as purchasing a Guaranteed Investment Certificate, education loan, or sponsorship.
- GIC or Guaranteed Investment Certificate: GIC Canada acts as financial proof in order to receive a study permit. The banks like ICICI, SBI Canada and CBIC are there from which students can purchase a GIC. You can purchase a Guaranteed Investment Certificate ("GIC") for the amount of 6 lakhs INR which is equivalent to 10,000 CAD
- Students will receive a portion of their investment with interest every month for a 12-month period
- Students also can apply for an education loan and submit it as proof of fund.
Cost of MS in Canada in Indian Rupees: Application Fees
Application fees vary from institution to institution. It ranges from 2,500 to 9,000 INR. While applying, students need to submit their tests and other exam scores. Sometimes universities ask for a hard copy. In this case, a shipping cost has to be paid.
Quebec Certificate of Acceptance for Studies
To study in the Canadian Province of Quebec, international students will need a permission certificate from the government of Quebec. Around 7,000 INR is to be paid in this process of getting a CAQ. This fee is non-refundable even if the application is rejected
India to Canada Flight Price for students Planning to Study in Canada
The flight tickets generally charge from a minimum of 50,000 INR to a maximum of 1 lakh INR or more based on airlines and other facilities the student wants to take.
Canada Student Visa Costs for Indian Students
The application fee for a study permit in Canada is almost 8,999 INR and after a successful interview, a biometric is required. The charge for biometrics is about 5,099 INR.
Check Out: SDS New Student Visa Program
Canada Student Visa Fees
International students have to apply for a Canada student visa with an application fee of 9,000 INR. Students have to submit financial proof at the time of visa application as well. Explore: Canada Student Visa Fees
Cost of MS in Canada in Indian Rupees: Post-arrival Expenses
After reaching Canada, costs that students have to bear are mainly tuition fees and the cost of living with some personal expenses. The below sections discuss the tuition costs and cost of living in Canada in detail.
Cost of MS in Canada (in Indian Rupees): Tuition Fees
The average annual tuition fees of some universities in Canada according to QS world ranking are given below.
| Top Universities | Annual Tuition Fee (INR) | Average Annual Tuition Fee (CAD) |
|---|---|---|
| McGill University | 32 lakhs | 53,500 |
| University of Toronto | 26 lakhs | 44,000 |
| University of British Columbia | 27 lakhs | 45,000 |
| University of Alberta | 21 lakhs | 35,000 |
| University of Montreal | 24 lakhs | 40,000 |
| McMaster University | 25.9 lakhs | 43,000 |
| University of Waterloo | 25.9 lakhs | 43,000 |
| Western University | 33 lakhs | 55,000 |
| University of Ottawa | 25.3 lakhs | 42,000 |
| University of Calgary | 13 lakhs | 23,000 |
Students can also look out for master's degrees offered at cheap universities in Canada for Indian students. Finding a cheaper university will cut down on the amount you spend on the tuition fee. Indian students can also take advantage of the various scholarships offered by the top universities in Canada and the Canadian Government.
Wondering how to get a scholarship to study in Canada from India?
Watch the video below to find an answer to all your questions and clear your doubts:
Cost of Living in Canada
The average cost of living in Canada can be around 1 lakh per month, totaling 12 lakhs per year for an Indian student. The average costs a student has to pay per month for living and other expenses are given in the following table. However, these expenses vary by the lifestyle choices of students.
| Expense Type | Average Cost (INR) |
|---|---|
| Accommodation | 62,465 |
| Food | 17,471 |
| Transport | 6,446 |
| Internet | 4,819 |
| Books and Supplies | 9,818 |
| Miscellaneous | 18,673 |
The cost of accommodation and housing rents in Canada vary by city. The average monthly accommodation cost ranges between 60,000 and 1 lakh INR. The diagram below depicts the average monthly rent in various cities.
With high-quality education at top-ranking universities in Canada, Indian students can study in Canada at an affordable cost. There is rich multiculturalism and high growth potential.
The tuition fees and living costs in Canada are low compared to the USA. Students can do part-time jobs with a study permit while studying. A master’s degree from Canada with practical learning is highly valued by employers.
With a Canadian Master’s degree, one can earn an average annual salary of up to 95,00,000 rupees. So, with multiple opportunities and facilities, one can get a globally recognized degree with various available scholarships, and aside from studies they can enjoy an immigrant-friendly life.
Also Check: Best Cities for International Students in Canada
FAQs
Ques. How much does it cost to do MS in Canada?
Ans. MS in Canada can cost around 15 lakhs per year on average in the top universities of the country. Students also have a number of affordable universities in Canada to study MS that costs less than 5 lakhs per year.
Ques. Is Canada costly for Indians?
Ans. Canada can be a bit costly but is quite affordable in comparison to USA. Living costs in Canada can be around 11 lakhs per year. However, the living cost depends mostly on lifestyle choices so there is a lot of option to cut cost.
Ques. How much is rent in Canada?
Ans. House rents in Canada can be 2 to 5 lakhs per year depending on the location and city. Some cities in Canada are more affordable than others. The costliest city is British Columbia and the cheapest is Quebec.
Ques. Are students allowed to work in Canada during studies?
Ans. Yes. Students can work while they study in Canada. They can work for 20 hours per week while studying and they can work full time during holidays. But for that work permit is needed.
Ques. Is 20 lakhs enough to study in Canada?
Ans. For top universities in Canada and living in the best cities, the average budget for a year can be 20 lakhs. For more economical choices, students have to search for affordable universities and affordable cities in Canada to live in.
Ques. How much bank balance is required for Canada student visa?
Ans. For a Canada student visa, there should be a minimum of 10,000 CAD (5.99 lakhs INR) in the student’s bank account. This amount is proof that the student has sufficient funds to stay and study in Canada.
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