Cost of Studying in Canada for Indian Students (2026)

What it really costs to study in Canada in 2026 — tuition, living, the GIC and insurance — and why Canada is one of the best-value work-and-settle destinations.

Overall cost

A master’s or PG diploma in Canada typically costs an Indian student around ₹25–45 lakh a year all-in, making it more affordable than the USA or Australia while still offering excellent post-study work and PR options. Get your exact figure with our cost calculator.

Tuition fees

Postgraduate tuition is roughly C$17,000–C$35,000 per year; college PG diplomas are often cheaper than university master’s and are a popular, job-focused route.

Living costs

Budget about C$1,100–C$1,500 a month. Toronto and Vancouver are the priciest; smaller cities and the Prairies are considerably cheaper.

The GIC and proof of funds

For your study permit you’ll usually need a Guaranteed Investment Certificate (GIC) of around C$20,635, which is your living-expenses proof — you get this money back in instalments after you arrive. It’s a requirement, not an extra cost.

Why Canada is great value

Lower tuition, a 3-year post-study work permit and the clearest PR pathway (Express Entry) make Canada one of the best return-on-investment destinations. See how it stacks up in Canada vs Australia and Canada vs the UK.

Plan your Canada budget

Get free counselling and we’ll map tuition, the GIC, living costs and funding for your course — and check your education loan eligibility.