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Masters Fees and Funding in Canada

Those who understand postgraduate study in North America know better than to overlook Canada in favour of its famous neighbour. It’s not just that Canadian universities routinely place towards the top of international rankings; the typical cost of studying a Masters in Canada is also cheaper than in many other English-speaking countries.

On this page you can find detailed information about fees and funding for Masters degrees at Canadian universities. This includes guidance on the cost of postgraduate study in Canada for both domestic and international students.

If you’re looking for more general information on postgraduate education in the Canadian university system, why not check out our comprehensive guide to studying a Masters in Canada? – or just get started searching for your ideal Canadian Masters degree.

Masters fees for Canadian students

As a Canadian citizen you’ll benefit from substantial government investment in higher education. This keeps Masters fees relatively low for domestic students, at around half the rate paid by international applicants.

On average you should expect to pay between CA$4,000 and CA$6,000 per year for a Masters in Canada. Your university will usually calculate this total based on the price of a set number of instalments (the fees paid for each semester of study) plus any supplementary costs (such as administrative charges).

Note that individual Canadian universities set their own fees and these may vary. Certain degree programmes may also be more expensive – particularly those in professional subject areas such as medicine.

If you’d like to look up the cost of a specific Masters in Canada, you can either look at the details of courses listed on FindAMasters.com or check the information provided by individual universities. The Association of Universities and Colleges of Canada (AUCC) maintains a list of university websites.

Continuation fees

Most Canadian Masters degrees are between one and two years in length. If you exceed the normal duration of your programme you may be charged a continuation fee for additional years of registration. The cost of this is usually less than CA$1,000.

Supplementary fees

Most of the price of a Canadian Masters degree is made up of tuition fees, but universities may also levy additional charges for administrative costs, services and resources.

Registration and student services fees are quite common and normally cost less than CA$100. Other charges will probably depend on your programme and could include: fees for the use of laboratories (or other facilities), fees for the use of sports facilities and / or examination fees.

These supplementary charges may be included in the advertised price of your Masters degree, but it’s worth checking to confirm this.

Health insurance

As a Canadian citizen you will be covered by the publically funded Medicare system for most health-related expenses. In addition to this, Universities will usually offer their own student health insurance, covering extra expenses such as dentistry and prescription charges.

The price of this cover varies, but is usually between CA$200 and CA$300. Some institutions may let you opt out of their health insurance, but others will make it a compulsory condition of registration. You should contact your university for more information.

Masters fees in Quebec

Quebec organises its higher education system slightly differently to other parts of Canada, offering discounted fees to local residents.

This means that its universities operate three fee-tiers, with international students paying the most, followed by a lower rate for Canadian citizens and a further discount for Quebec residents.

Other aspects of the cost of a Masters degree in Quebec (such as continuation fees, health insurance and supplementary charges) are the same.

Masters fees for international students in Canada

Canada prides itself on being a historically multicultural country, welcoming students from around the world. This extends to the international fees for its degree programmes. International Masters fees in Canada are higher than those for domestic students, but they’re often lower than other major Anglophone study abroad destinations.

On average you can expect to pay up to twice the tuition fee rate of an equivalent domestic student, with typical fees of around CA$12,000 or more.

Costs will vary between individual universities and degree programmes. Like domestic students, you’ll normally pay more for professional subject areas (particularly medicine).

Whatever your tuition fees, funding for postgraduate study abroad in Canada is available from a wide range of sources.

Health insurance for international students in Canada

Health insurance is compulsory for international students in Canada. Some Canadian provinces cover international students under their normal public healthcare plans. Others will require you to purchase specific international student health insurance, the cost of which is normally around CA$600.

You can read more about health insurance for international students in Canada on the AUCC website. The Canadian government’s immigration service also maintains a page with details of provincial health ministries.

If in doubt, contact your prospective university. They should be able to confirm your requirements and most will offer their own student healthcare.

Other costs

Masters degrees in Canada sometimes incur additional costs alongside standard tuition fees. These include compulsory charges for administration and student services as well as specific course-related expenses. Costs won’t usually be higher for international students; expect to pay between CA$100 and CA$500, depending on your degree programme.

The only additional fee that applies specifically to students studying abroad in Canada is an international application fee. This is usually around CA$250, but is not required by all universities.

Cost of living in Canada

The full cost of a Masters degree in Canada also includes accommodation and living expenses; it’s important that you budget for these in advance and ensure sufficient savings or funding to support yourself whilst you complete your degree abroad.

As a rough guide, you should have around CA$10,000-12,000 a year available for maintenance costs whilst studying a Masters in Canada. This should be sufficient to cover accommodation, food and travel expenses. See our guide to living as a Masters student in Canada for more information.

Government funding for Canadian Masters students

One of the most important sources of financial support for Masters students in Canada is the Canadian government. As a Canadian citizen you can apply for two types of government financial aid for your Masters degree: grants and loans.

Regional availability

Due to the country’s federal government system, Masters funding in Canada may be provided by the national Canadian government, or by local student finance bodies in individual provinces or territories. In some cases funding will be available from both sources; in other cases you will only be able to apply for a grant or loan from federal or local government.

The type of funding you can apply for will depend on your normal province or territory of residence, not the province or territory in which you plan to study your Masters degree:

  • Students from the Yukon may only apply for grants or loans from the federal government.
  • Students from Nunavut, the Northwest Territories and Quebec may only apply for grants or loans from local finance authorities.
  • Students from Alberta, Manitoba, Nova Scotia and Prince Edward Island may apply for funding from the federal government and / or local finance authorities.
  • Students from British Columbia, New Brunswick, Newfoundland and Labrador, Ontario and Saskatchewan may apply for funding jointly offered by the federal government and local finance authorities.

You can read more about government loans and grants for Masters students in Canada below.

Grants for Canadian Masters students

Canada’s substantial investment in higher education means that grants are potentially available to domestic students at all levels of study – including Masters degrees.

Both the Canadian federal government and local provincial or territorial authorities award grants to students. Where you apply for funding will depend on your normal province of residence – (you can check this using the list above).

Canada Student Grants

The federal government awards its own Canada Student Grants to Masters students according to need-based criteria.


Canada Student Grants for Masters students are available in all Canadian provinces and territories, with the exception of the Northwest Territories, Nunavut and Quebec. These operate their own grant systems.

Grant amounts

The amount of money you can receive with a Canada Student Grant depends on your assessed financial need. Standard need-based grant amounts range from CA$100 to CA$250 per month, depending on your financial circumstances. Grants for disabilities or dependents can provide alternative or additional funding according to your needs.


Applications for Canada Student Grants take place simultaneously with applications for Canada Student Loans. Your needs will be assessed and the most appropriate type of financial support will be offered. This may combine grants and loans; for example, your grant may be topped up with an additional loan according to your needs.

You can use the Canadian government’s application guide to find the application procedure for grants and loans, according to your province of residence.

Further information

You can view information on the different types of grant available, including amounts and income thresholds on the Canadian government’s website.

Provincial and territorial grants

The Northwest Territories, Nunavut and Quebec do not participate in the Canada Student Grants programme (or the Canada Student Loans programme).

This doesn’t mean that students from these provinces and territories can’t apply for a grant to study a Masters in Canada. Instead, each offers their own student grant programme.

Grant amounts, eligibility criteria and applications procedures will be broadly similar to those for the Canada Student Grants programme, but may still vary slightly between the three provinces and territories.

For more information, consult the website of the student finance authority in your province or territory:

Loans for Canadian Masters students

If you do not qualify for a grant, or if the grant you receive is insufficient to cover the full cost of your Masters degree, you may be able to receive a student loan.

There are two main types of student loan available for Masters degrees in Canada: the Canadian government’s national Canada Student Loans scheme and alternative schemes offered by local provincial or territorial student finance bodies.

The type of loan you apply for will depend on the Canadian province or territory in which you are normally resident (not that in which you are applying to study).

Canada Student Loans

Canada Student Loans are awarded by the Canadian federal government. They provide need-based finance for students at all levels of university study, including Masters degrees.


Canada Student Loans are available in 10 of Canada’s 13 territories (Quebec, Nunavut and the Northwest Territories are solely covered by their own student loan systems).

Regardless of the system used in your province, your Canada Student Loan will be handled by the National Student Loans Service Centre (NSLSC).

Eligibility criteria

In order to be entitled to a Canada Student Loan you must:

  • Be a Canadian citizen (or otherwise have the right to live and remain in Canada).
  • Be a permanent resident of a province or territory in which the Canada Student Loans system is offered.
  • Be studying on a full-time or part-time basis at a recognised university. You can view a list of universities and other educational institutions recognised by the Canadian government here.
  • Demonstrate financial need. Amounts for Canada Student Loans are calculated using need-based criteria. The amount you can borrow will take into account your economic circumstances and background.
  • Pass a credit check if you are over 22 and have not previously taken out a Canada Student Loan.

Payment of loan instalments in successive years of your programme may also depend on your making satisfactory academic progress.

Loan amounts

Canada Student Loans do not award a set amount to all students.

Instead loans are need-based, taking into account your personal background and financial circumstances. Other factors may include your mode of study, the province or territory you are studying in and the actual cost of your course (together with associated expenses).

The Canadian government offers an online tool to help you estimate the size of your Canada Student Loan.


Applications procedures for Canada Student Loans vary slightly between participating provinces and territories. You can check the Canadian government’s application guide to find out what process applies in your case.

Repayments and interest rates

Unlike student grants, Canada Student Loans must eventually be repaid in full. (Note that this applies even if you do not complete your Masters degree.)

There are three main periods involved in your loan:

  • During your programme your loan is interest-free and repayments are not required.
  • Upon completion (or termination) of your programme the interest-free period for your loan will end and interest will begin to be charged on your loan debt.
  • 6 months after you complete or exit your programme you will be required to begin repaying the loan principle and any interest it is accruing.

Interest rates for Canada Student Loans may be either fixed or variable. You can read more about current rates on the Canadian government’s website.

Provincial and territorial loans

Some Canadian provinces and territories offer their own separate student loans systems. These may be available alongside, or instead of, the federal government’s Canada Student Loans.

Provincial and territorial loan systems may operate slightly differently from the federal government’s Canada Student Loans and from each other.


7 of Canada’s provinces and territories offer their own student loans:

  • In Alberta, Manitoba, Nova Scotia and Prince Edward Island, provincial and territorial loans are offered alongside the federal government's Canada Student Loans.
  • In the Northwest Territories, Nunavut and Quebec, provincial and territorial loans are the only student loans available.

Eligibility criteria

Exact eligibility criteria will vary slightly for different provincial and territorial loans systems. However, you can normally expect the following requirements to apply:

  • You will need to be a Canadian citizen or have the right to reside indefinitely in Canada.
  • You will need to be a permanent resident of the province awarding the loan. This does not necessarily mean you will need to be studying in that province.
  • You will need to be studying at an institution recognised by the provincial or territorial authority you apply to. This does not mean that the institution must be within that province.
  • You may need to demonstrate financial need.
  • The total amount you can borrow may be subject to a cap or lifetime limit, shared with previous levels of study.

Further information

The application process, calculation methods and repayment criteria for Masters loans differs between individual Canadian provinces and territories.

The best way to find more information is therefore to visit the webpage of the student finance body in your province or territory of residence:

Masters funding from Canadian research councils

Government grants and loans aren’t the only form of funding available to you as a Masters student in Canada.

Like the UK, Canada operates publically funded research councils, providing support for academic work in specific fields. Their responsibilities include providing support to future researchers – like you!

Most postgraduate funding from Canadian research councils is directed at PhD-level research, but some programmes are available specifically for Masters students:

Other Masters scholarships from the Canadian research councils may also be periodically available. You can check for these on the individual websites of the Natural Sciences and Engineering Research Council, the Social Sciences and Humanities Research Council and the Canadian Institute of Health Research.

Masters funding for international students in Canada

As an international student in Canada you won’t be eligible for the same public funding as domestic postgraduates. This means you won’t normally be able to apply for loans or grants (though some research council funding may be available).

Don’t worry though – there’s plenty of other funding available for international Masters students in Canada. In fact, several scholarship programmes exist purely to attract and support postgraduates studying overseas at Canadian universities.

Scholarships administered by the Department of Foreign Affairs, Trade and Development (DFATD)

The DFATD maintains and administers a wide variety of international scholarships from the Canadian government and other providers (including the Canadian research councils).

Their website offers a tool for viewing available funding, filtered according to your nationality. Note that not all of the options presented will be applicable to Masters students.

Funding from international partnerships

Canada maintains academic exchange programmes and academic partnerships with various countries around the world. If your country is included in these, you may be able to apply for funding to study a Masters abroad in Canada:

  • The Agence Universitaire de la Francophonie (AUF) is a network of francophone higher education providers around the world. If your country is a member, you may be able to apply for a bursary to study a Masters in Canada for up to 10 months.
  • Fulbright Canada supports education exchange between Canada and the USA, including funding for US students to study abroad in Canada.

Scholarships and exchange programmes may be offered in other countries. You may be able to find out about available opportunities by contacting the Canadian embassy or consulate in your normal country of residence. You can view an official list of international Canadian embassies and consulates here.

International scholarships from individual Canadian universities

Some Canadian universities offer their own Masters scholarships in order to help them recruit high quality international postgraduates.

The availability of these will vary between institutions. The best way to find out what’s available to you may therefore be to check the information published by individual universities. You can do this by using the list of Canadian universities maintained on the AUCC website.

Alternatively, you can use our course search to find a specific Masters programme in Canada and then get in touch to inquire about international scholarships – all of the courses listed on FindAMasters.com have contact details and many also include details of available funding.

Search for Masters funding in Canada

This page lists some of the main opportunities for postgraduate funding in Canada, but it doesn’t cover absolutely every opportunity available (Canada’s a big country, after all!). There are hundreds more awards for Masters students in Canada. We know, because we’ve listed them on our sister-site, PostgraduateFunding.com!

Whether you’re a Canadian citizen, or an international student looking for funding to study abroad in Canada, you can find grants and scholarships using our powerful search tool. You can view funding for Masters study in Canada, or customise your own search. Why not take a look?

FindAMasters scholarships in Canada

Of course, there’s one last source of Masters funding in Canada to mention before you go – our own FindAMasters scholarships!

This year we’ve got one £5,000 scholarship and four £500 scholarships available. And we’re confident in saying that our application process and criteria are the simplest on this page. To be eligible for one our scholarships you just have to be beginning a Masters degree this year at a university listed on FindAMasters.com. It’s that simple.

So, once you’ve found your ideal Canadian Masters degree, just signup for our scholarships newsletter. We’ll be in touch soon!

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