Cost of Studying in Canada 2026: Tuition Fees in INR, Living Expenses & Complete Budget

The total cost of studying in Canada for Indian students in 2026 ranges from ₹10 Lakhs to ₹55 Lakhs per year depending on the programme type, province, and institution. Average tuition for an undergraduate degree is CAD 36,100/year (≈ ₹22 Lakhs), a postgraduate programme costs around CAD 21,100/year (≈ ₹13 Lakhs), and college diplomas come in between CAD 7,000–22,000/year (≈ ₹4.3–13.5 Lakhs). Add living expenses of CAD 12,000–20,000/year, the mandatory GIC of CAD $22,895, and visa fees — and you are looking at a total investment of ₹15–70 Lakhs for a full programme. But here is the good news: with scholarships, part-time work at 24 hours/week, and strategic province selection, Indian students routinely cut their effective cost of studying in Canada by 30–45%. This guide from EEC's Canada education team — with 27+ years of experience and 50,000+ students placed — breaks down every rupee you will spend in 2026.

Total Cost of Studying in Canada 2026 — The Real Numbers in INR

Let us start with the numbers Indian families actually need. The total cost of studying in Canada in INR depends on three critical factors: (1) whether you enrol in a college diploma, undergraduate degree, or postgraduate programme, (2) which province you study in, and (3) whether you live in Toronto/Vancouver or a smaller city. Here is the realistic range for Indian students in 2026:

These are full sticker prices. In reality, most Indian students pay less through a combination of merit scholarships, entrance bursaries, and off-campus employment income. A student working the maximum allowed 24 hours per week during term at Ontario's minimum wage of $17.60/hour earns roughly CAD 1,690/month — enough to cover most living expenses. PhD students at Canadian universities typically receive full funding with tuition waivers and stipends of CAD 20,000–30,000/year.

Tuition Fees by Programme Type — College vs University (2026)

Canada tuition fees for Indian students vary significantly based on whether you attend a public college, a mid-tier university, or a top-ranked research university. The programme type also matters — STEM and business programmes charge a premium over arts and humanities. Here is the 2026 breakdown:

The smartest cost-saving strategy for budget-conscious Indian families is the college diploma or PG diploma pathway. A 2-year diploma at a public college costs CAD 7,000–14,000/year — roughly one-third of a university bachelor's degree. Many college graduates transfer credits into university degree programmes, or proceed directly to a 3-year Post-Graduation Work Permit (PGWP) and begin earning immediately. For students seeking permanent residency, the college pathway often offers the best ROI because it combines low tuition with strong CRS points through Canadian work experience.

Tuition Fees by Province — Where Is It Cheapest? (2026)

Tuition fees in Canada by province vary dramatically. Ontario and British Columbia are the most expensive provinces for international students, while Atlantic provinces (New Brunswick, Nova Scotia, Newfoundland) and the Prairie provinces (Manitoba, Saskatchewan) offer significantly lower tuition. Here is the province-by-province comparison for Indian students in 2026:

Newfoundland and Manitoba are the clear winners for affordability. Memorial University of Newfoundland (MUN) charges just CAD 12,000–20,000/year for undergraduate programmes — less than half the Ontario average. The University of Manitoba offers postgraduate programmes from CAD 10,000/year. While these provinces have smaller cities, they offer excellent PGWP eligibility, strong Provincial Nominee Program (PNP) pathways, and significantly lower living costs. For Indian students seeking the cheapest route to study and settle in Canada, Atlantic Canada and the Prairies are unbeatable in 2026. Read our full guide on cheapest colleges in Canada for international students 2026.

City-Wise Living Expenses in Canada — Monthly Breakdown (2026)

Living expenses in Canada for Indian students vary enormously by city. A student in downtown Toronto or Vancouver spends 2–2.5x more on rent and groceries than a student in Winnipeg or Moncton. Here is the city-by-city monthly breakdown:

The biggest cost-saving decision is choosing your city wisely. An Indian student in Winnipeg spends roughly CAD 950–1,350/month on living, while the same student in Toronto spends CAD 1,600–2,300/month. Over a 2-year programme, that is a saving of CAD 15,600–22,800 (₹9.6–14 Lakhs) just on living expenses. The savings are even more dramatic for 4-year bachelor's programmes. Pair a low-cost city with a college that charges CAD 7,000–14,000/year tuition, and the total cost of studying in Canada drops below ₹15 Lakhs per year.

GIC Requirement for Canada Study Permit — CAD $22,895 (2026)

The Guaranteed Investment Certificate (GIC) is a mandatory financial requirement for all Canada study permit applications from Indian students. As of 2026, the GIC amount is CAD $22,895 (approximately ₹12.7 Lakhs). This amount is deposited in a Canadian bank account before you apply for your study permit and is released to you in monthly instalments after you arrive in Canada.

The GIC is NOT a fee — it is your own money, returned to you over 12 months to cover living expenses. Think of it as a forced savings plan. The first instalment (typically CAD 2,000) is available immediately upon arrival, and the remaining CAD 18,635 is released in equal monthly payments. Major GIC-issuing banks include Scotiabank, CIBC, SBI Canada, ICICI Bank Canada, and Bank of Montreal (BMO).

Beyond the GIC, you must also show tuition payment (first-year tuition receipt or letter of acceptance showing fees paid) and proof of funds covering any gap between the GIC and your actual living expenses. A Provincial Attestation Letter (PAL) is required for most students, though master's and doctoral students at public DLIs have been exempt since January 1, 2026. EEC handles the complete GIC and study permit process at all 26 branches.

Hidden & Visa-Related Costs Most Guides Don't Mention

Beyond tuition, GIC, and rent, there are hidden costs of studying in Canada that add up to CAD 3,000–8,000 per year. Most guides ignore these, but smart budgeting for Indian students requires knowing every expense:

Health insurance is non-negotiable. Most Canadian provinces provide provincial health coverage (e.g., OHIP in Ontario, MSP in BC) to international students after a waiting period. In provinces without coverage for international students (such as Ontario initially), universities mandate UHIP at CAD 600–900/year. Some provinces like Alberta and BC cover international students from day one — another reason to consider studying outside Ontario. Factor these hidden costs into your budget: they add roughly ₹2–5 Lakhs per year to the cost of studying in Canada for Indian students.

How to Reduce Your Canada Study Cost — 7 Proven Strategies for 2026

Indian students who plan strategically can reduce the total cost of studying in Canada by 30–45%. Here are 7 proven strategies that work in 2026:

“I did my PG Diploma at Conestoga College in Kitchener. My tuition was CAD 14,000/year and I worked 24 hours/week earning CAD 1,600/month. My total out-of-pocket cost for 2 years was under ₹10 Lakhs. EEC helped me choose Conestoga over expensive Toronto colleges.”

— Ravi P., PG Diploma, Conestoga College — now working in Canada

Education Loan for Canada — Quick Overview

An education loan for Canada from India is available from ₹7.5 Lakhs to ₹1 Crore at interest rates starting from 10.15%. SBI, HDFC Credila, Bank of Baroda, and ICICI Bank all offer dedicated Canada study loan products. Prodigy Finance and MPOWER Financing provide collateral-free loans for top Canadian universities. The interest paid on education loans is 100% tax-deductible under Section 80E of the Income Tax Act for up to 8 years. EEC provides free education loan guidance and connects Indian students with partner banks for faster processing.

Canada vs USA vs UK vs Australia — Cost Comparison

How does the cost of studying in Canada compare to other popular destinations for Indian students? Canada offers the best balance of affordability, work rights, and PR pathway in 2026:

Canada remains the most cost-effective English-speaking destination with the clearest pathway to permanent residency. While tuition has risen, the 24-hour/week work rights and 3-year PGWP make the return on investment excellent. For a detailed side-by-side analysis, read our Canada vs Australia vs UK 2026 comparison.

The cost of studying in Canada for Indian students in 2026 is a significant investment, but it is exactly that — an investment with predictable, high returns. With average post-PGWP salaries of CAD 50,000–80,000 (₹31–49 Lakhs), 3-year open work permits, and one of the world's most welcoming PR systems, the ROI is hard to beat. The key is planning strategically: choose affordable provinces, apply for scholarships, work 24 hours/week, and budget intelligently. Book a free consultation with EEC and let our Canada specialists create your personalised financial roadmap. We have helped 50,000+ Indian students manage their Canada study budget since 1997.

Frequently Asked Questions: Cost of Studying in Canada