Canada is one of the most popular countries that students choose when they want to study abroad. Canada is one of the most preferred because it has a lot of world-class universities that have a wide range of courses that are available to students from overseas countries.
In order to study in Canada, one of the most important criteria that a student has to check is the financial requirement to study in Canada. The tuition fee and the expenses in Canada are not very expensive when compared to some countries like the United Kingdom and Australia.
The student has to prove that he or she has adequate financial funds to completely fund their study. The student must also have enough funds for other living expenses whilst in Canada.
This helps the authorities to have confidence that the student will not leave his or her studies mid-way.
Some of the ways in which a student can prove that he or she meets the funding requirements are:
The tuition fees can vary between universities and programs. In order to calculate the total amount that the student needs or has to show proof for, the calculation can be done as below.
For fund calculation outside of Quebec:
| Persons coming to Canada: | Extra Funds required per month | Extra Funds required per year |
| Yourself | $833 | $10,000 |
| With one family member | $333 | $4,000 |
| Additional family member | $255 | $3,000 |
For calculation of funds within Quebec:
| Persons coming to Canada: | Extra Funds required per month | Extra Funds required per year |
| Yourself | $917 | $11,000 |
| 1st family member (greater than or equal to 18 years) | $425 | $5,100 |
| 1st family member (below 18 years) | $317 | $3,800 |
| Additional family member (greater than or equal to 18 years) | $427 | $5,125 |
| Additional family member (below 18 years) | $159 | $1,903 |
So, in essence, a student has to prove that he or she has enough funds for Tuition + cost of living (including the cost of a spouse).
Once the student has submitted these documents to the concerned authority, they will be allowed to study in the universities in Canada. Canada is a great place to study and then subsequent work in. Hence, the student should have no problem in taking back the money that he or she has spent on education.
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Best Scholarships to Study in Canada
Vanier Canada Graduate Scholarship Opportunities in Canada, 2019
The Government of Canada is offering the Vanier Canada Graduate Scholarship opportunities. These scholarships are open for students pursuing doctoral degrees. Each Vanier Canada Graduate award is valued at $50,000 per year.
Provided By: Government
of Canada
Course:
Graduate
Award:
$50,000 per year for three years
Application
Deadline: November 6, 2019
Apply Now
TSoM Love Canada Diploma Scholarship for International Students in Canada, 2019
Toronto School of Management is inviting international students for its Love Canada Scholarship provided by the Toronto School of Management. This scholarship is available for all fields of diploma programs.
Provided By: Toronto School of Management
Course: Diploma programs
Award: Tuition Fee
Application Deadline: September 2019
Apply Now
Banting Postdoctoral Scholarship for Canadian and Foreign Citizens, 2019-20
The Government of Canada glad to offer its Banting Postdoctoral Fellowship program for Canadian and foreign citizens. Applicants must have a PhD-equivalent or health professional degree from a foreign university. The scholarship award amount is$70,000 per year.
Provided
By: Government of Canada
Course: Postdoctoral
Applicants
Award: $70,000
per year
Application
Deadline: September 18, 2019
Apply Now
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