What is the minimum cost required for studying in Canada for a Master's?
14 Aug 2026 · Answered by Pushplata Gaddmwar · 1 min read
The minimum cost to study in Canada for an international master's student is typically CAD 38,000 - 40,000/year. This includes:
- Tuition fees from about CAD 15,000/year (for select programs)
- Living expenses mandated at a minimum of CAD 23,000/year (covers accommodation, food, transport, basics)
This estimate does not include extra costs like health insurance, study permit fees, books, or personal expenses.
In Indian Rupees, expect a total of roughly ₹24 - 26 lakh/year (subject to change with exchange rates).
Got a budget of 40 to 50 lakhs? See what Canada costs.
Full tuition and living breakdown, plus universities that fit your number.
4.7/5 Google
🎓 25K+ admits
Get My Cost EstimateRelated topics
More Cost & living questions
- What is the lowest undergraduate tuition fee I can expect to pay at a Canadian university for the 2026 academic year?
- How much would I pay in first-year tuition for the International MBA program at York University, Toronto?
- If I get an education loan, can I proceed with the application after the loan amount is clear?
- Is it better to spend 12 lakhs in India or go abroad for higher studies in Germany for a Master's?
- Does the agency provide end-to-end services including visa, loan guidance, and accommodation?
- Do I need to show living expenses in my bank account for visa purposes, and can I withdraw it after reaching Ireland?
- How do I get an education loan for an MBA abroad as an Indian student?
- Which is more suitable for my son's master's education: Dubai or the USA, considering cost, location, program variety, post-study work options, and pathways to permanent residency?
More Canada questions
- Other than Canada and Netherlands, are there better countries to study science and technology in Germany/Singapore?
- Which master's course suits a Supply Chain Management graduate planning to study in Canada?
- What are the options for pursuing a master's in psychology or clinical psychology given my bachelor's background in biology in Australia/Canada?
- Will there be any problems if I do my studies offline abroad given the education structure is different from India in Ireland/Canada?
- What should I do to improve my chances of going to Canada as a teacher?
- Which Sociology master's options in Canada suit a Sociology graduate with IELTS 7.5 for the January 2027 intake?
- What is the minimum budget required for studying abroad in Canada or Ireland for two years?
- What are the differences in career opportunities and PR options between Germany and Canada?
🎓 40-50 lakh budget? See Canada costs Get Cost Estimate