MS in Canada cost for Indian students: tuition, GIC & funding
See what a Canadian master's costs in a year, how much you must show for your study permit, and how loans and work rights fit in.
An MS in Canada typically costs ₹9–35 lakh a year in tuition, depending on whether you choose a college, a comprehensive university or a research university. For your study permit you must also show CAD 22,895 for living costs, usually through a GIC, plus your first-year tuition. Collateral-free education loans go up to ₹50 lakh, and master's graduates can usually get a PGWP of up to 3 years.
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How much does an MS in Canada cost per year?
Tuition is the biggest line. These indicative ranges come from the types of institution Indian students most often choose:
| Institution type | Examples | Typical tuition |
|---|---|---|
| Research universities | University of Toronto, UBC, McGill | ₹20–35 lakh/yr |
| Comprehensive universities | University of Windsor, Concordia, Lakehead | ₹12–22 lakh/yr |
| Colleges & polytechnics | Humber, Conestoga, Seneca | ₹9–14 lakh/yr |
Indicative ranges. College programmes must be on the eligible field-of-study list for PGWP. Programmes run 1–2 years.
How much money must I show for a Canadian study permit?
For applications from 1 September 2025, IRCC asks for:
- Living costs: CAD 22,895, usually shown through a Guaranteed Investment Certificate (GIC).
- Tuition: your first-year tuition, paid in advance if possible.
- Travel: the cost of getting to Canada and back.
Most master's students also need a Provincial Attestation Letter (PAL), which your institution helps you obtain after you accept your offer.
How can I pay for a master's in Canada?
- Education loans: collateral-free loans go up to ₹50 lakh from lenders such as HDFC Credila, Axis Bank and ICICI Bank, depending on the university and course. Secured loans against property or a fixed deposit go up to ₹1 crore or more. See our education loan guide.
- Scholarships: check scholarships for Indian students before you finalise your budget.
- Part-time work: students can usually work up to 24 hours a week off campus during academic sessions and full-time during scheduled breaks.
How long can I work in Canada after my master's?
Graduates of master's programmes can usually get a Post-Graduation Work Permit (PGWP) of up to 3 years, even if the programme is shorter than 2 years. College programmes give a PGWP equal to their length, up to 3 years, if the field of study is eligible. You also need a language test result when you apply for the PGWP.
Official sources
Figures on this page are indicative and rules change, so always confirm the current numbers on the official site before you pay or apply.
For the full process, read our Study in Canada guide.
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Frequently asked questions
How much does an MS in Canada cost for Indian students?
Tuition usually runs ₹9–35 lakh a year depending on the type of institution. On top of that, your study permit needs proof of CAD 22,895 for living costs (usually a GIC) plus first-year tuition and travel costs.
Which type of Canadian institution is the cheapest?
Colleges and polytechnics are the lowest at roughly ₹9–14 lakh a year, but the programme must be on the eligible field-of-study list for a PGWP.
Can I get a loan without collateral for Canada?
Yes. Collateral-free loans go up to ₹50 lakh from lenders such as HDFC Credila, Axis Bank and ICICI Bank, depending on the university and course. Higher amounts usually need property or a fixed deposit as collateral.
Can I work during my master's in Canada?
Yes. Students can usually work up to 24 hours a week off campus during academic sessions and full-time during scheduled breaks.
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