Highlights
- The cost of MS in Canada will range from 10,000 CAD to 80,000 CAD (INR 6.19 Lakh to INR 49.53 Lakh) yearly for International students.
- After completing a Masters degree from Canada, you can earn an average annual salary of 75,000 CAD (45.75 Lakh INR).
- Employees in Canada observe a salary increase of about 9% every 15 months.
- The cost of Living in Canada can range between 1,400 CAD to 2,400 CAD (85,000 to 1.46 Lakh INR) monthly.
The cost of pursuing MS in Canada can be different for every student, based on the choice of program and your lifestyle. For international students the cost of MS in Canada can range from 10,000 CAD to 80,000 CAD (INR 6.19 Lakh to INR 49.53 Lakh) yearly including tuition fees & living cost. Along with masters fees in Canada, students have to meet day-to-day expenses and monthly living costs, such as:
- Travel Expenses
- Grocery
- Accommodation
- Electricity
- Phone and Internet
- Entertainment
The Cost of living in Canada can be around 10 to 17.52 lakhs per year for an Indian student, depending on your choice of lifestyle. The average tuition fee for Masters in Canada ranges from 9,000 to 70,000 CAD annually. For Indian students, the cost of studying at universities in Canada for Masters ranges from 5 lakhs to 43 lakhs INR.
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Table of Contents |
Cost of MS in Canada for Indian Students
The following table shows the common expenses that every international student will have to incur while applying for masters in Canada:
| Type of expense | Average Cost (in INR) |
|---|---|
| IELTS | 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) | 10 to 17.52 lakhs |
| Health insurance (yearly) | 1 lakh to 2 lakhs |
Cost of MS in Canada: 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
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.
| 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 are required 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, even 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.
| Region | Funds required for one-year | Funds required for one month |
|---|---|---|
| Outside Quebec | CAD 10,000 (INR 6.10 Lakh) | CAD 833 (INR 50,900) |
| Inside Quebec | Less than 18 years of age: CAD 6,569 (INR 4.01 Lakh) 18+ age: CAD 13,134 (INR 8.02 Lakh) | Less than 18 years of age: 547 CAD (INR 33,421) 18+ age: CAD 1,095 (INR 66,900) |
Cost of MS in Canada: 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
Airfare 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
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. And after a successful interview, a biometric is required. The charge for biometrics is about 5,099 INR.
Cost of MS in Canada: 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: Tuition Fees
The average annual tuition fees of some universities in Canada according to QS world ranking are given below.
University of Toronto
University of Toronto is the best university in Canada. It is ranked at #21 by QS World University rankings 2024. Following are the top programs at University of Toronto, along with their tuition fees for international students:
| Top Program | Annual Tuition Fees (CAD) | Annual Tuition Fees (INR) |
|---|---|---|
| MS Computer Science | 43,680 | 26.64 Lakh |
| MS Applied Computing– Data Science | 45,420 | 27.71 Lakh |
| MS Pharmaceutical Science | 66,010 | 40.27 Lakh |
McGill University
McGill University is one of the best universities in Canada. It is ranked at #30 by QS World University rankings 2024. Following are the top programs at McGill University, along with their tuition fees for international students:
| Top Program | Annual Tuition Fees (CAD) | Annual Tuition Fees (INR) |
|---|---|---|
| MS Computer Science | 19,728 | 12.03 Lakh |
| MS Mechanical Engineering | 19,728 | 12.03 Lakh |
| MS Electrical and Computer Engineering | 19,728 | 12.03 Lakh |
University of British Columbia
According to QS World University rankings 2024, University of British Columbia stands at #34, making its place among the top 50 universities in the world. Following are the top programs for international students at UBC:
| Top Program | Annual Tuition Fees (CAD) | Annual Tuition Fees (INR) |
|---|---|---|
| MS Computer Science | 9,690 | 5.91 Lakh |
| MS Data Science | 54,732 | 33.39 Lakh |
| MS Business Analytics | 66,423 | 40.52 Lakh |
University of Alberta
University of Alberta is ranked at #111 according to QS World University Rankings 2024. Following are some of the top programs offered at University of Alberta, along with its tuition fees:
| Top Program | Annual Tuition Fees (CAD) | Annual Tuition Fees (INR) |
|---|---|---|
| MS Computing Science | 11,220 | 6.84 Lakh |
| MS Mechanical Engineering | 20,144 | 12.28 Lakh |
| MS Computer Science- Statistical Machine Learning | 8,874 | 5.41 Lakh |
University of Waterloo
University of Waterloo comes under the top 5 universities in Canada. According to QS World University rankings 2024, the university is ranked at #112. Following are the top programs taught at the University of Waterloo:
| Top Program | Annual Tuition Fees (CAD) | Annual Tuition Fees (INR) |
|---|---|---|
| MS Data Science and Artificial Intelligence | 41,688 | 25.4 Lakh |
| MS Quantitative Finance | 25,860 | 15.77 Lakh |
| MS Pharmacy | 23,088 | 14.08 Lakh |
Cost of Living in Canada
The average cost of living in Canada can be around 1.46 lakh per month, totaling 17.52 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 Monthly Cost (CAD) | Cost Equivalent (INR) |
|---|---|---|
| Accommodation | 360 to 1,760 | 21,700 to 1.06 lakhs |
| Groceries and Eating Out | 560 to 1,120 | 33,760 to 67,500 |
| Electricity and Gas | 40 to 80 | 2,400 to 4,800 |
| Phone and Internet | 60 to 120 | 3,600 to 7,235 |
| Entertainment | 120 to 240 | 7,235 to 14,470 |
| Public Transport | 320 to 600 | 19,295 to 36,175 |
| Total | 1,460 to 3,920 | 88,000 to 2.36 lakhs INR |
Student Accommodation in Canada: City Wise
There are multiple cities available for student accommodation in Canada based on the university you are studying at. Canada is home to multiple top universities in the world attracting more and more international students every year. Following are some of the most popular cities to live in Canada and their respective average rent:
| City | Average Rent in CAD | Average Rent in INR |
|---|---|---|
| Montreal | 1,059- 3,850 | 65,400- 2.37 Lakh |
| Toronto | 1,700- 7,500 | 1.04- 4.63 Lakh |
| Vancouver | 2,500- 5,500 | 1.54-3.39 Lakh |
| Ottawa | 875- 1,950 | 54,037- 1.20 Lakh |
| Quebec | 749-1,699 | 46,255- 1.04 Lakh |
| Calgary | 1,500- 4,100 | 92,635- 2.53 Lakh |
| Waterloo | 1,359- 3,500 | 83,927- 2.16 Lakh |
| Guelph | 1,699- 4,600 | 1.04- 2.84 Lakh |
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 Lakh INR. 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.
FAQs
Ques. How much will it cost to do MS in Canada?
Ans. Cost of MS in Canada for international students can range from 10,000 CAD to 80,000 CAD (INR 6.19 Lakh to INR 49.53 Lakh) yearly including tuition fees & living cost.
| Type of expense | Average Cost (in INR) |
|---|---|
| IELTS | 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 |
| Living Expenses (yearly) | 24 lakhs |
Ques. Is it worth doing MS in Canada?
Ans. Following are the reasons on why you should do MS in Canada:
- World-class Universities- According to QS World University Rankings 2024, there are eight Canadian universities that are among the top 200 universities in the world.
- Specialization Chances- Masters in Canada is offered in a number of study fields such as medicine, IT, engineering and technology, finance, management, business administration, architecture, nursing, design, etc.
- Affordability- Tuition fee for MS in Canada can go as low as 9,000 CAD. Studying Masters in Canada is comparatively more affordable than pursuing MS in USA (35,000 CAD- 82,000 CAD annually) or Australia.
- Funding Options- Around 70% more funds and scholarships are offered to students in the form of scholarships, fellowships, etc. as compared to USA.
- Job Opportunities- According to a survey by the Canadian Bureau of International Education (CBIE), approximately 60% of international students desired to stay back after Masters in Canada.
Ques. Is masters cheaper in Canada or USA?
Ans. Masters in Canada is definitely a cheaper and affordable option than Masters from USA. A masters from Canada will cost around 9,000 to 70,000 CAD annually (4 to 43 lakh INR), on the other hand a masters degree from USA can cost you around USD 25,000 to USD 63,000 (~20.52 lakhs to 51.74 lakhs INR) based on the choice of university and specialization.
Ques. What is the salary after MS in Canada?
Ans. After graduation, you can look from a pool of jobs in Canada and make an average annual salary of 75,000 CAD (46 lakhs INR), which can go as high as 169,000 CAD (1.04 crore INR).
| Specialization | Job Profile | Average Salary (CAD) | Average Salary (INR) |
|---|---|---|---|
| MSc in Computer Science in Canada | Full Stack Software Developer | 73,000 | 45 lakhs |
| Systems Designer | 95,000 | 58 lakhs | |
| Software Engineer | 82,000 | 50 lakhs | |
| MSc in Management in Canada | Business Consultant | 76,220 | 46 lakhs |
| Business Analyst | 68,049 | 41 lakhs | |
| Operations Supervisor | 56,553 | 34 lakhs | |
| MS in Electrical Engineering in Canada | Electronics Engineer | 69,000 | 42 lakhs |
| Electrical Design Engineer | 69,000 | 42 lakhs | |
| MSc Finance in Canada | Financial Analyst | 62,000 | 38 lakhs |
| Financial Controller | 86,000 | 53 lakhs | |
| Accountant | 55,000 | 34 lakhs |
Ques. What are some affordable universities in Canada?
Ans. Following are some of the affordable universities in Canada offering masters degree to international students:
| University | Cheapest Program | Annual Tuition Fees (CAD) | Annual Tuition Fees (INR) |
|---|---|---|---|
| Memorial University of Newfoundland | Master of Technology Management | Master of Science in Nursing | Master of Education | Master of Science Computer Science | 5,202 | 3.20 lakhs |
| University of Northern British Columbia | Master of Business Administration | M.S Computer Science | M.S Psychology | Master of Science in Nursing | 23,818 | 14.66 lakhs |
| Simon Fraser University | MA in Psychology | MA in Sociology | MSc Health Sciences | MSc Applied and Computational Mathematics | 6,076 | 3.74 lakhs |
| Cape Breton University | M.Ed Educational Technology | 0 | |
| Nipissing University | M.S Mathematics | M.S Kinesiology | M.A History | M.A Sociology | 9,829 | 6.05 lakhs |
| The University of British Columbia | Master of Education | M.Ed Counselling Psychology | MA Economics | 9,809 | 6.04 lakhs |
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