Planning your higher education in Canada is an exciting journey. For Indian students, it offers a blend of world-class academics, a multicultural environment, and promising career pathways. However, the most critical part of this plan is understanding the financial investment required. For 2026-2027, the total estimated cost of studying in Canada for an Indian student can range from ₹18 Lakhs to ₹35 Lakhs (CAD 29,000 to CAD 56,500) per year, covering both tuition fees and living expenses.
This comprehensive guide will provide a detailed, step-by-step breakdown of every expense you will encounter, from application fees in India to your monthly budget in Canada.
Why Canada Remains a Top Choice for Indian Students in 2026?
Canada's reputation as a premier education destination is well-deserved. Its universities are consistently ranked among the best globally for research and innovation. Beyond academics, the country's welcoming immigration policies, particularly the Post-Graduation Work Permit (PGWP), allow students to gain valuable international work experience for up to three years after their studies, creating a clear path to potential permanent residency. This combination of excellent education and tangible career outcomes makes the investment highly attractive.
Total Estimated Cost of Studying in Canada for Indian Students (2026-2027)
Here is a summary of the primary expenses you should budget for annually.
Expense Category
Estimated Annual Cost (CAD/INR)
Pre-Arrival Costs (One-Time)
CAD 22,000 - CAD 24,000 (₹13.6L - ₹14.9L)
Average University Tuition
CAD 20,000 - CAD 40,000 (₹12.4L - ₹24.8L)
Average Living Expenses
CAD 15,000 - CAD 20,000 (₹9.3L - ₹12.4L)
Total Estimated Annual Cost
CAD 35,000 - CAD 60,000 (₹21.7L - ₹37.2L)
Note: The cost may vary depending on the courses & currency exchange rate.
Even though the entire yearly expense of between ₹22 and ₹37 lakhs is substantial, Indian students find that studying in Canada offers a strong return on their investment. High employability is guaranteed by the nation's thriving job market and hospitable Post-Graduation Work Permit (PGWP) program, especially in fields with high demand like engineering and technology. The financial investment directly translates into a stable, lucrative global career with a clear path to permanent residency, with starting salaries that could match or surpass the full cost of a Master's program within two years.
While your budget is important, so is your choice of institution. Canada is home to globally-ranked institutions like the University of Toronto, UBC, and McGill. Exploring the top universities in Canada helps Indian students align their academic ambitions with their budget, ensuring the best return on their educational investment
Pre-Arrival Costs for Canada in 2026-2027
These are the initial, one-time expenses you'll incur before you even board the plane. It's crucial to budget for these as they come due several months before your course begins.
Standardized Test Fees (IELTS/TOEFL)
English proficiency is a mandatory requirement. Most Indian students take the IELTS exam.
IELTS Test Fee: Approximately ₹17,000
TOEFL Test Fee: Approximately ₹16,900
University Application Fees
Most Canadian universities charge a non-refundable application fee per program. It's wise to apply to 3-5 universities to maximize your chances of admission.
Average Fee per University: CAD 100 - CAD 250 (₹6,200 - ₹15,500)
A GIC is a mandatory requirement for the SDS visa route. It serves as proof that you have enough funds to cover your living expenses for the first year. As of early 2024, the GIC requirement was increased.
Required GIC Amount:CAD 20,635 (~₹12,80,000). This amount is paid to a participating Canadian bank and is then disbursed to you in installments after you arrive in Canada.
Medical Examination
You must undergo a medical examination by a panel physician approved by the Canadian government.
Approximate Cost:₹5,000 - ₹8,000
Flight Tickets to Canada
Airfare varies significantly based on the airline, time of booking, and destination city.
One-Way Economy Ticket:₹70,000 - ₹1,20,000
Tuition Fees in Canada for Indian Students (2026-2027)
Tuition fees are the most significant portion of your study abroad budget. They vary widely based on the university's prestige, the province it's in, and the program of study.
Average Tuition Fees by Program Level
Here are the projected average annual tuition fees for 2026-2027.
Undergraduate (Bachelor's) Degrees: Expect to pay between CAD 25,000 and CAD 45,000 (₹15.5 Lakhs - ₹27.9 Lakhs) per year. Humanities and Arts programs are generally more affordable, while Engineering and Business programs are on the higher end.
Postgraduate (Master's) Degrees & Diplomas: These programs typically cost between CAD 20,000 and CAD 35,000 (₹12.4 Lakhs - ₹21.7 Lakhs) per year.
MBA Programs: An MBA from a top Canadian business school is a significant investment, with fees ranging from CAD 40,000 to CAD 70,000 (₹24.8 Lakhs - ₹43.4 Lakhs) for the entire program.
Doctoral (PhD) Programs: PhD programs are often more affordable as many are funded through research grants and teaching assistantships. Fees can be as low as CAD 7,000 - CAD 18,000 (₹4.3 Lakhs - ₹11.2 Lakhs) per year.
Estimated Tuition Fees by Popular Fields of Study
Field of Study
Average Annual Tuition (CAD)
Average Annual Tuition (INR)
Business & Management
CAD 28,000 - CAD 55,000
₹17.8 Lakhs - ₹34.9 Lakhs
Engineering & Technology
CAD 30,000 - CAD 50,000
₹19 Lakhs - ₹31.8 Lakhs
Computer Science & IT
CAD 28,000 - CAD 48,000
₹17.8 Lakhs - ₹30.5 Lakhs
Medicine & Healthcare
CAD 35,000 - CAD 60,000
₹22.2 Lakhs - ₹38.1 Lakhs
Arts & Humanities
CAD 22,000 - CAD 35,000
₹13.9 Lakhs - ₹22.2 Lakhs
Note: The amount may vary depending on the courses & currency exchange rate.
For Indian students, fields like Engineering, Technology, and Business represent a strong return on investment. While the annual tuition of ₹17 Lakhs to ₹34 Lakhs is a significant expense, these sectors align with high-demand industries in Canada, boosting employability and post-graduation work opportunities. Arts & Humanities offers a more budget-friendly alternative, whereas Medicine & Healthcare, the most expensive path, requires substantial financial planning but promises premium long-term career prospects.
Beyond tuition fees, the cost of living in Canada is a critical part of your budget. For Indian students, this covers major expenses like accommodation, groceries, and transport. Planning for approximately CAD $1,200 to $1,700 monthly, depending on your city and lifestyle, is key to a successful academic journey.
How to Fund Your Canadian Education: Scholarships and Loans in 2026
Managing the costs of studying abroad is possible with careful financial planning.
Top Scholarships for Indian Students
Almost all Canadian universities offer scholarships based on merit, and some are specifically for Indian students. Research these early. Some prominent examples include:
Many Indian banks (like SBI, HDFC Credila, Axis Bank) and financial institutions offer education loans for studying in Canada. They provide competitive interest rates and flexible repayment options, covering tuition fees, GIC, and other expenses.
Earning While Studying: Part-Time Work in Canada
Your study permit allows you to work part-time for up to 20 hours per week during academic sessions and full-time during scheduled breaks (like summer holidays). The federal minimum wage is CAD 16.65 per hour (as of 2024), with some provinces having a higher rate. Part-time work is an excellent way to cover your daily living expenses.
Conclusion: Is Studying in Canada a Worthy Investment?
While the initial cost of studying in Canada may seem high, it is a strategic investment in your future. The high quality of education, safe environment, and unparalleled post-graduation work opportunities provide a significant return on investment. With meticulous planning, a realistic budget, and by exploring scholarships and part-time work, your dream of studying in Canada is well within reach for 2026-2027.
FAQs
Q. How much does it cost to study in Canada?
Ans. The cost of studying in Canada for Indian students ranges from INR 10L to 25L (CAD 16,000 to 40,000) per year for undergraduate programs and INR 12L to 30L (CAD 19,000 to 48,000) for postgraduate courses. Living expenses typically add INR 7L to 10L (CAD 11,000 to 16,000) annually. These estimates can vary by city and institution. Be sure to consider both tuition and living costs in your budget. Scholarships and part-time work can help ease financial stress.
Q. Is Canada costly for Indian students?
Ans. Yes, studying in Canada can be a significant financial commitment. The total cost of studying in Canada (tuition + living) often ranges from INR 18L to 30L (CAD 29,000 to 48,000) per year. Cities like Toronto or Vancouver are more expensive, while Winnipeg or Halifax are more affordable. Despite the cost, Canada offers good ROI through quality education and work opportunities. Budgeting wisely can help manage expenses.
Q. Can I study in Canada with 15 lakhs?
Ans. It’s possible to study in Canada with INR 15L (CAD 24,000), but you’ll need to choose budget-friendly options like community colleges and smaller cities. Opting for a 1-year diploma or certificate program can help reduce the cost of studying in Canada. Affordable housing, part-time work, and shared expenses can help you stay within this budget. Planning and scholarship applications are key to managing finances effectively.
Q. How much is a 4 year degree in Canada?
Ans. A 4-year undergraduate degree in Canada usually costs around INR 40L to 1 Cr (CAD 64,000 to 160,000). This includes tuition and basic living costs across the duration. Costs vary based on course—engineering, business, and medicine are more expensive. Living in metro cities can increase overall spending. You can lower costs through public universities and financial aid. It's important to plan long-term for such programs.
Q. How much Indian money is required to study in Canada?
Ans. On average, Indian students require around INR 18L to 30L (CAD 29,000 to 48,000) annually for tuition and living. This includes INR 10L to 25L (CAD 16,000 to 40,000) for tuition and INR 7L to 10L (CAD 11,000 to 16,000) for living expenses. You’ll also need to budget for visa fees, insurance, and initial travel. A well-planned budget can help cover the full cost of studying in Canada.
Q. How much is the visa fee for Canada?
Ans. The Canada student visa fee is INR 9,000 (CAD 150), and the biometric fee is around INR 5,000 (CAD 85). Additionally, you’ll need to show proof of funds like a GIC worth CAD 10,000 (INR 6L approx.) to cover initial living expenses. These costs are mandatory and part of the total cost of studying in Canada. Always check the latest IRCC guidelines before applying.
Q. What is the minimum living cost in Canada?
Ans. The minimum living cost in Canada is approximately INR 7L to 10L per year (CAD 11,000 to 16,000). This covers rent, groceries, utilities, and transport. Cities like Ottawa, Halifax, and Winnipeg offer lower living expenses compared to Toronto or Vancouver. To save money, many students share accommodations and cook at home. Budgeting helps manage the overall cost of studying in Canada more efficiently.
Q. How much Indian students earn in Canada?
Ans. Indian students working part-time in Canada typically earn between CAD 15 to 22/hour (INR 1,200 to 1,800/hour). With 20 hours per week during semesters, this translates to around INR 50K to 1L (CAD 800 to 1,600) monthly. While this might not cover all expenses, it helps manage daily costs. These earnings can supplement the cost of studying in Canada significantly. Students often find jobs in retail, food service, or campus roles.
Q. Can I study for free in Canada?
Ans. Studying for free in Canada is rare but possible through fully-funded scholarships. Awards like the Lester B. Pearson or Vanier Scholarships can cover INR 20L to 50L (CAD 32,000 to 80,000), including tuition and living. However, these are highly competitive and merit-based. Securing one can eliminate the cost of studying in Canada. Strong academics, extracurriculars, and community service boost your chances.
Q. Can I go to Canada with 50% in the 12th?
Ans. Yes, some colleges accept students with 50% in 12th for diploma or foundation programs. Admission is easier for non-competitive courses in smaller institutions. However, your options may be limited, and the chances of getting scholarships are low. Meeting English proficiency requirements (IELTS) is still essential. While entry is possible, success depends on how well you manage the cost of studying in Canada and your academic plan.
Q. Is 50k enough in Canada?
Ans. INR 50,000 (CAD 800) per month is a tight budget for major cities like Toronto or Vancouver. Rent alone can exceed CAD 700 (INR 43K). However, in smaller cities or with shared housing, it's more manageable. Students need to follow a frugal lifestyle—cook at home, use public transport, and avoid unnecessary spending. It's not ideal, but with smart choices, you can manage the living portion of the cost of studying in Canada.
Q. What is the cheapest course in Canada?
Ans. Diploma and certificate programs in areas like hospitality, early childhood education, and office administration are among the cheapest, costing INR 6L to 10L (CAD 10,000 to 16,000) per year. These are offered mostly by public or community colleges. While they may not offer the prestige of a university degree, they lead to good job prospects. Choosing such programs significantly reduces the cost of studying in Canada.
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