1) Tuition fee is your prime expenditure
Your expenditure on tuition fee depends on the type of qualification and institution you opt for. To cover this, you will need approximately between CAD 7,000 and CAD 29,000 a year.
2) Calculate accommodation costs
Universities in Canada offer accommodation facility in campuses for international students and the cost for this may vary from CAD8000 to CAD10000(annually). Students can also opt for off campus accommodation which can be on shared basis with other Indian students and the cost could be from CAD400 to CAD700 per month depending upon the location.Remember, the rentals vary from city to city.
3) Cost of your student visa and permit
In order to study in Canada, the first step is to secure a valid study permit and that comes with its owncosts (approx. CAD 150).
4) Living expenses
Living expenses include your grocery shopping, expenses for social activities and emergency situations. Budget for a single student could about CAD15,000(indicative) considering all the expenses .
- Communication expenses: As a student from India, you’d be frequently calling your friends and
family back home. Therefore, always keep a section of your budget for phone bills and data
expenses. Look for cost-effective calling plans and student discounts in order to stay connected
with your loved ones within your monthly budget. - Books and supplies: Purchasing textbooks can get a little expensive. For instance, books for
engineering courses can cost you approx. CAD 250 to CAD 350. For courses like law, medicine and
pharmacy, the value can go even higher. You can manage this in your budget by opting for second
hand books, buying digital versions or even securing a library membership. - Personal expenses and incidentals: Your daily expenses will include laundry, toiletries, clothing,
dining out, etc. This depends entirely on the kind of lifestyle you choose for yourself.