How to Prepare your budget to study in Canada

As an international student in Canada, you should create a budget to plan for the costs of living and studying in another country. You must evaluate the study costs for international students in Canada, from elementary to university level, as well as tuition fees at your preferred institution.

You may find information on college and university programs using our Search colleges and universities tool. You can look up programs at universities across Canada and compare tuition costs. To assist you, the tool includes cost of living estimates.

Living expenses in Canada

After you’ve determined the cost of attending school, you should consider the other costs of living in Canada.

Your student budget

There’s more to your study costs than tuition. Don’t forget to set aside money for:

Books
Computer
Housing
Food
Fun
Clothing
Travel
Transportation
Health insurance
Travel insurance

Housing and accommodations

What kind of housing will you have in Canada as a student? Most Canadian institutions allow you to live on campus in a residence hall. It’s a terrific opportunity to meet new people quickly, and it’s an intriguing option for first-year students. Many Canadian students prefer to live in residence during their first year. One of them may become your roommate.

Other compelling reasons to live in residence include:

Residence is a secure option to begin post-secondary study in Canada..
It may be reasonable because the cost of residence includes cafeteria food.

The cost of living in residence will be detailed on your university’s website.

A housing on campus is less likely if you are attending a college or language school. You’ll have to look for off-campus lodging in that situation. Living away from school could entail acquiring your own apartment or sharing one with friends.

How much should you budget for your accommodations? It is determined by the city and your living situation. We normally recommend allocating 25% of your study in Canada budget to housing.

Food and groceries

When it comes to food, Canada has a lot to offer. As a multicultural country, Canada has all of your favorite meals, making you feel right at home. People from all over the world live in our major cities. They have everything from small specialty food stores to large supermarket stores with extensive international cuisine selections.

If you live on campus at your college or university, you can sign up for a meal plan, which provides you access to the cafeteria for all of your meals. If you live off campus, you will most likely cook for yourself or with friends.

Include the cost of food and groceries in your research budget. By checking at Canada’s top national grocery store chains online, you may readily investigate the costs. Look around for the best deals. You may also download applications that allow you to compare prices between stores or get the best food discounts.

If you enjoy eating out at restaurants on occasion, plan to include them in your study budget.

Health insurance

There is no national healthcare plan in Canada. Instead, each province and territory provides its residents with universal health care. This coverage is provided at no cost to all Canadian citizens. It covers the costs of doctors and hospitals, but not dentists, physiotherapists, or other health care providers.

As an international student, you must evaluate whether or not your province or territory provides health insurance. In provinces where overseas students are not covered, your school will provide medical insurance policies for purchase.

Travel health insurance

Travel health insurance is not the same as standard health insurance. It will be handy if your stay in Canada is limited (less than a year) and you intend to dwell in different parts of the country. This could apply to kids who plan to attend: