AICS immigration

Average Cost of Studying in Canada for Indian Students

Canada has become a popular study-abroad destination for international students due to its outstanding colleges and affordable education. In comparison to other English-speaking nations such as the United States, the United Kingdom, and Australia, studying in Canada is more cost-effective for Indian students. The University of Toronto, the University of Alberta, and the University of Winnipeg are among the best universities in Canada.There are various pre-arrival expenses to consider before traveling in Canada. Health insurance, study permit fees, flight expenses from India to Canada, university application fees, proficiency test fees (such as IELTS, GRE, TOEFL, GMAT, CAEL), acquisition of a Guaranteed Investment Certificate (GIC), biometric fees, and visa application fees are examples of these. These expenses should be included in your overall study budget. This blog will provide an overview of the primary elements that influence the cost of studying in Canada, such as pre-arrival expenses, academic charges, accommodation, transportation, basic utilities, health insurance, and taxes for the students who are willing to immigrate to Canada from India for further studies.

Tuition Fees

The cost of studying in Canada varies according to the program and institution chosen. Tuition expenses for international undergraduate students range from 7.63 lakhs to 20.55 lakhs INR per year on average. It is crucial to note that tuition costs vary greatly depending on the topic of study and the university.Other important things to consider include lodging fees, transportation costs, health insurance coverage, and general living expenses. Depending on the type of lodging and location, annual accommodation prices might range from 2,67,000 INR to 5,39,000 INR. The cost of transport varies depending on form of transport, with average monthly passes ranging from 4,300 INR to 6,000 INR. International students must have health insurance, which can range from 17,000 INR to 44,000 INR per year.

Flight Charges

Flight charges from India to Canada should be included in your budget as well. These prices can vary based on the airline and the time of year you go. Accommodation costs contribute significantly to the entire cost of living in Canada. The cost of lodging is determined by factors such as the city and the type of lodging. On-campus and off-campus housing alternatives such as shared apartments, condominiums, and homestays are offered. Accommodation costs might range from 2,67,000 INR to 5,39,000 INR per year.

Transportation Cost

The cost of transportation in Canada is determined by your location and mode of transportation. Walking or biking to class is a popular choice for students who live close to their university. Buses, subways, and commuter trains are prominent modes of public transit in bigger cities. Monthly transit passes can cost between 4,300 and 6,000 INR, and student discounts are frequently available.

Health Insurance Cost

International students studying in Canada must have health insurance. Depending on the type of policy chosen, the cost of health insurance might range from 17,000 INR to 44,000 INR per year. To assure access to healthcare services throughout your stay, you must have complete health insurance.

Cost of living in Canada

The cost of living in Canada varies according to the city and your lifestyle preferences. For living expenditures, overseas students should budget roughly 10,000 CAD (5,98,000 INR) every year. Cities such as Toronto, Vancouver, Calgary, Montreal, and Ottawa have greater living costs than other cities. It is critical to prepare your budget carefully in order to cover expenses such as lodging, food, transportation, entertainment, and other everyday necessities. There is a price of $150 CAD (8,541 INR) when applying for a Canadian study permit, and the application fee may vary based on the university and your nationality. International students can apply for scholarships, grants, and bursaries to study in Canada. Many institutions award scholarships based on academic achievements, athletic ability, and subject-specific qualifications. Part-time jobs are also available for students to help with living expenses. Based on their residency status, international students in Canada may be obliged to file Canadian income tax returns. Some of India’s best immigration consultants suggest that understanding your tax duties and benefits is critical for ensuring compliance with Canadian tax regulations.

Key Takeaways

Studying in Canada offers an exceptional educational experience at a reasonable price. Students may efficiently manage their finances and make educated judgments by taking into account aspects such as tuition fees, pre-arrival charges, lodging costs, transportation, health insurance, and living expenses. Students can control the entire cost of studying in Canada as well as living by researching possible scholarships, part-time employment options, and budgeting tactics. So, here we come to the end of our discussion on the average cost of Studying in Canada for Indian Students. If you reside in Delhi and are considering going to Canada for further studies, it is suggested to consult a Canadian immigration consultant in Delhi who will guide you in each and every step and help you prevent unnecessary spending. Also Read:- Canada Opens New Opportunities For H-1B Visa Holders And Their Families