July 15, 2024
Every year, Canada welcomes thousands of international students from all around the world. Students choose Canada for its quality of life and its flexible and high quality of education. But when a student is moving to any country to study, the cost matters a lot to them. International studies are not only beneficial, but they are also expensive. But no worries, proper guidelines and information will help you manage your costs. After finishing this article, you will get proper information about the cost details of Canada and also how you can reduce your expenses.
What is the cost of living in Canada for international students?The cost of living in Canada depends on financial planning and lifestyle decisions. Students who went to study in Canada should be aware that their living costs increase or decrease depending on their cost and lifestyle choices. Students’ major contributions are spent on their accommodations. It included educational fees, tuition costs, travel,food,medical costs, and so on.
10 low-cost cities for international students Here we are giving some information about 10 cities and their average cost of living for students, including apartment costs, food costs, and transportation costs.
| City | Cost in CAD | Cost in Bangladeshi Taka |
| Sherbrooke ,Quebec | CAD 900-1400 | 73,305-114,030 BDT |
| Moncton,New Brunswick | CAD 950-1500 | 77,377-122,175 BDT |
| Saint john,New Brunswick | CAD 950-1500 | 77,377-122,175 BDT |
| Saskatoon,
Saskatchewan |
CAD1030-1560 | 83,893-127,062BDT |
| Regina, Saskatchewan | CAD 1030-1560 | 83,893-127,062 BDT |
| Charlottetown,Prince Edward Island | CAD 1010-1550 | 82,264-126,247 BDT |
| Winnipeg , Manitoba | CAD 1130-1660 | 92,038-135,207 BDT |
| Abbotsford,British Columbia | CAD 1220-1760 | 99,369-143,352 BDT |
| St.John’s, Newfoundland | CAD 1010-1550 | 82,264-126,247 BDT |
| Thunder Bay, Ontario | CAD 1020-1550 | 83,079-126,247 BDT |
Cost of health care
The health insurance policy is mandatory for all international students and is provided by the Canadian government. This insurance policy is applicable for the duration of their study program.
Taxes in Canada
Generally, international students get permission to work 20 hours a week. International students have to pay Canadian tax based on their other employment, investment, and business income.
Tips to reduce expenses in Canada There are a few methods for reducing and minimizing the cost of living in Canada for international students:
Scholarship program: A good number of universities provide scholarships to students based on their previous academic results, language proficiency tests, and extracurricular activities, which is a good opportunity for any international student to reduce their cost of living.
Part-time job option: It’s obviously a great opportunity for any international student to reduce their cost of living. Because students are allowed to take part-time jobs.
Outline your priorities: It is difficult to always balance monthly expenses for a student. But students should be determined about spending their money on eating habits, groceries, entertainment purposes, and other costs. They should not spend money excessively anywhere that is not essential for them.
Outline your priorities: It is difficult to always balance monthly expenses for a student. But students should be determined about spending their money on eating habits, groceries, entertainment purposes, and other costs. They should not spend money excessively anywhere that is not essential for them.
