Are there alternative visa options or pathways for my wife to study or work in Canada given her profile and gap for a Master's?

Yes, your wife has pathways to study or work in Canada, even with an educational gap.

As your spouse, she may be eligible for an open work permit if you hold a valid study permit and are enrolled in a master's program of at least 16 months, a doctoral program, or certain professional degrees. This permit allows her to work for any employer in Canada.

If she chooses to study in Canada, completing a qualifying program can make her eligible for a Post-Graduation Work Permit (PGWP), which allows her to work in Canada for up to three years, depending on the program length.

Visa rules and eligibility are subject to change.