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What is the total estimated cost for studying in Canada including tuition fees, GIC, living expenses, and university fees?

27 Jul 2026 · Answered by Vishnu priyanga · 1 min read
Vishnu priyanga
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The total estimated cost for studying in Canada - including tuition fees, Guaranteed Investment Certificate (GIC), living expenses, and university fees - typically ranges from CAD 54,635 to CAD 116,635 per year.

Here's the breakdown:
- Tuition fees: CAD 15,000 - 65,000/year (varies by program and university)
- GIC (proof of funds): CAD 20,635 (first year)
- Living expenses: CAD 18,000 - 30,000/year (depends on city and lifestyle)
- University fees and insurance: CAD 1,000/year (approximate)

These figures are subject to change and will vary by institution and location.

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