Maple News reports that Canada remains one of the most sought-after study destinations for international students, and for good reason. Known for its world-class education system, multicultural environment, and global academic reputation, Canada continues to attract students from across the globe—particularly to its top-ranked universities.
However, while the educational and career benefits are significant, the cost of studying in Canada can be substantial—especially for international students. According to recent data from Statistics Canada, the average annual tuition for a full-time international undergraduate student in 2024 stands at $40,115 CAD. This figure does not include additional living expenses such as rent, food, and study materials.
For those considering Canada’s top-ranked universities, tuition costs are often higher. Take the University of Toronto (UoT), for example—the highest-ranked Canadian institution on the 2025 QS World University Rankings, placing 25th globally. As a public research university founded in 1827, UoT offers more than 700 academic programs, three campuses, 11 colleges, and houses the country’s largest academic library network.
For the 2024–25 academic year, international undergraduate students at the University of Toronto can expect the following tuition fees:
– Arts and Commerce: $61,720 CAD per year
– Engineering: $67,370 CAD per year
These costs are only for one academic year; most programs span three to five years, so students should plan accordingly. In addition to tuition, UoT recommends budgeting $1,000 CAD for textbooks and technical supplies, plus $8,000 to $15,000 CAD annually for on-campus housing and meal plans, depending on the chosen campus and lifestyle.
While studying in Canada offers valuable long-term benefits—including access to post-graduation work permits and immigration pathways—students need to be financially prepared to make the most of their education experience. Cities like Toronto, where UoT’s main campus is located, also have one of the highest cost-of-living standards in the country, impacting overall student budgets.
Choosing the right Designated Learning Institution (DLI) is therefore crucial not just for academic success but also for financial planning. For aspiring students, it’s advisable to consider program-specific tuition rates, location-specific living expenses, and potential employment or scholarship opportunities while making a decision.
Maple News will continue to provide in-depth coverage of Canada’s education and immigration landscape to help students and families make informed choices.