Cost Of Studying In Canada

Planning to go abroad for your education? It is vital to understand that it is an expensive affair. However, the whole process can be made a smooth one with some initial planning. It is all about managing the expenses that include tuition costs, living costs, insurance and taxes. We have gleaned some details to make the process a little easier for you so that you can plan your finances better.

Tuition Costs

If you want to study in Canada, it is important to understand that your major expenditure will be the tuition costs. This mainly depends on the course that you take up and the institution that you choose for study. The fees can be more for certain courses and less for certain others. However, you can expect an annual expense of CAD 7000 and CAD 25000 as your study in Canada costs.

Bachelor’s Degree Course	CAD 13000 – CAD 20000 Per Year
Postgraduate Level Courses	CAD 17000 – CAD 25000 Per Year
Doctoral Studies	CAD 7000 – CAD 15000 Per Year
Visa Application Fee	CAD 150

Accommodation Costs

A majority of the universities in Canada offer accommodation facilities for international student on the campuses. The student can also look out for apartments that they can share with fellow mates. On-campus hostel facilities may cost anything between CAD8000 and CAD10000 per annum. Living in apartments that you share with others costs you an amount of about CAD400 to CAD700 per month. This cost is only an approximate value and may vary based on the cities that are chosen for the study.

Living Expenses

In addition to tuition costs, a little money has to be set aside for day-to-day expenses such as grocery, transport, communication and incidental expenses. Keeping different aspects in mind, the amount that a student in Canada spends in a is approximately equal to CAD 700. Other expenses may include the following

Transport Costs	CAD 110
Entertainment	CAD 40
Books & Supplies	CAD 350

Canada is a place that has very cold winters. It is important to set aside some money for warm clothing. The above are approximate costs. For a more detailed insight into expenditure in Canadian cities, it is best to get in touch with student counselors at Abe Services who would give you a fair idea of the money that one has to be ready with.

Health Insurance

When a student opts to pursue higher education in Canada, it is vital to know that buying health insurance is mandatory. It costs about CAD 600 to CAD 800 per annum.

Taxes Involved