How much does a Masters degree cost in Canada?

Asked by: Crawford Stracke DVM  |  Last update: January 21, 2026
Score: 4.6/5 (33 votes)

The cost of a master's degree in Canada varies by program and university, with tuition fees typically ranging from $20,000 to $50,000 CAD per year. Specialized programs like an MBA can cost up to $76,000 CAD annually.

How much does it cost to get a masters degree in Canada?

The cost of studying MS in Canada varies based on program type and university type. To pursue Master's in Canada, Indian students need to keep a budget between INR 10 to INR 40 lakhs.

Is Masters in Canada cheaper than USA?

Masters in Canada vs the USA: Tuition Fee

In contrast, Canada presents a more budget-friendly option with lower tuition fees for international students. Overall, tuition costs in Canada for Masters are typically more affordable than in the US, making it a financially advantageous choice.

Is 1 year master's in Canada worth it?

Ans. Enrolling in a 1-year master's program in Canada allows students to gain advanced skills in a short timeframe. These programs are cost-effective, saving both time and money compared to traditional two-year programs.

How much does a 2 year master's cost?

The average total cost of a master's degree is about $36,760 a year. That's nearly $74,000 for a two-year program. Master's degree programs typically range from $36,000-$93,000. The most expensive master's degree programs can cost more than $75,000 per year.

MS in Canada-How much does it cost ?

16 related questions found

How much do masters cost in the USA?

Do remember that the minimum credit hours of an MS programme are 30 hours. The average cost of a master's degree for Indian Students in the US is between $30,000 and $120,000, which comes to approximately INR 24 -96 lacs. However, it might vary from institution to institution and on the specialisation opted.

Does FAFSA cover Masters?

Absolutely. Anyone pursuing their education should apply for FAFSA whether you're just looking for scholarships, or a combination of scholarships, work-study, and federal loans.

Do you get paid for Masters in Canada?

The Canada Graduate Scholarships-Masters Program (CGS-M) is offered by Canada's three main research councils, in collaboration. It provides merit-based support of CAD $27,000 for up to 3,000 Canadian students each year, studying postgraduate courses at eligible Canadian higher education institutions.

How long can I stay in Canada after 1 year of Masters?

A post-graduation work permit (PGWP) may be valid anywhere between 8 months and up to 3 years. Unless you've graduated from a master's degree program, the length of your permit will depend on the length of the study program you completed in Canada.

Is it cheaper to live in Canada or the US?

Overall, Canada is more affordable than the US, but the US has a higher median income. Comparing the cost of living in both countries is tricky because living costs vary dramatically within each city. It's important to consider the hidden costs and savings of public goods and services when comparing costs of living.

What is the average tuition fee in Canada?

Tuition fees for universities vary depending on the program and school you choose. On average in Canada, university tuition costs around: $36,100 per year for international undergraduate students (Statistics Canada, 2022) $21,100 per year for international graduate students (Statistics Canada, 2022)

What is the cheapest Masters program in the US?

Cheap universities in America offering Master's degrees
  • Hamline University, Minnesota – Masters start at 795 USD/year.
  • Murray State University, Kentucky – Masters start at 800 USD/year.
  • Concordia University Wisconsin, Wisconsin – Masters start at 834 USD/year.

What GPA do you need for masters in Canada?

Academic requirements

You'll normally need a minimum GPA of 3.0-4.0, or its international equivalent such as a UK 2:1. You may need to provide a graduate entry test score such as a Graduate Management Admission Test (GMAT) or Graduate Record Examination (GRE).

What is the cheapest city in Canada for international students?

Most affordable student cities to live in Canada
  • Calgary, Alberta. ...
  • Saskatoon, Saskatchewan. ...
  • Regina, Saskatchewan. ...
  • Winnipeg, Manitoba. ...
  • Kitchener-Cambridge-Waterloo, Ontario. ...
  • Montreal, Quebec. ...
  • Moncton, New Brunswick. ...
  • Halifax, Nova Scotia.

Which master's degree is most in demand in Canada?

Here is a list of the best master's courses in Canada for international students.
  • Business Management. Master's courses in Canada offer a combination of quality education and affordability. ...
  • Computer Science and Information Technology. ...
  • Engineering. ...
  • Finance. ...
  • Data Science. ...
  • Biological Sciences. ...
  • Nursing. ...
  • Psychology.

Can I stay back in Canada after Masters?

Stay Back in Canada after Masters:

Most of the Masters programs in Canada are of One to two Years. If you apply for the course which is for one year, you will be eligible for One year stay back in Canada and for Two years Masters in Canada, the stay back would be of 3 years.

What is the age limit to do Masters in Canada?

Many students worry that their age will work against them, but don't let that stop you from applying! International students often ask whether there is an age limit to studying in Canada. The answer is that there is no specific age limit, but there are a few factors to keep in mind.

Can I work full-time while doing Masters in Canada?

If your program doesn't have scheduled breaks

You can work up to 24 hours per week. Working more than 24 hours per week is a violation of your study permit conditions. You can lose your student status for doing this, and may not be approved for a study or work permit in the future.

What is the average salary for a masters degree in Canada?

Master Degree salaries in Canada

The estimated total pay for a Master Degree is $95,627 per year, with an average salary of $88,465 per year. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users.

How can I get a free Masters in Canada?

Generally, Canadian universities do not offer tuition fee waivers. Therefore, it is not possible to gain free education in Canada. However, some Canadian universities offer fully funded scholarships for international students. Examples of such universities are the University of Toronto, University of Alberta, etc.

What is the student minimum wage in Canada?

The student minimum wage is $16.20 per hour. The minimum overtime rate is one and a half times the employee's regular rate of pay for hours worked above 44 in a week. Some exceptions may apply. More information on minimum wage and overtime, including exemptions, can be found on the government site.

Do Masters get Pell Grant?

Who Is Eligible. Federal Pell Grants usually are awarded only to undergraduate students who display exceptional financial need and have not earned a bachelor's, graduate, or professional degree.

How much will FAFSA give me for masters?

Federal Direct Unsubsidized: Graduate students can borrow up to $20,500 per year in Direct Unsubsidized Loans. An aggregate limit of $138,500 applies, which includes any loans from your undergraduate degree.

What is the maximum amount of student loans for graduate school?

Aggregate Loan Limits

Graduate and professional students: $138,500 (or $224,000 for certain medical training) including undergraduate borrowing (including up to $65,500 subsidized).