A Comprehensive Guide for International Students in Canada

Before embarking on your journey to study in Canada, it’s essential to understand the requirements for international students. The main requirement is obtaining a study permit, but the specific documents needed may vary based on the length of your stay in Canada.

Study Permit

If you plan to study in Canada for more than six months, you will need a study permit. However, if your study duration is less than six months, and you have a valid visitor status, you do not require a study permit. In such cases, you need either a visitor/temporary resident visa or an electronic travel authorization (eTA).

Quebec Requirements

If you are studying in Quebec for more than six months, you’ll need a Quebec Acceptance Certificate (CAQ) in addition to a study permit. For study durations less than six months, these documents are not mandatory.

How to Obtain a Study Permit in Canada

To obtain a study permit in Canada, the fastest and most convenient method is to apply online. However, if you face any challenges with the online application due to disability or lack of specific travel or identity documents, you can apply on paper. Along with the application, you need to submit a letter of acceptance from the educational institution you’ll be attending. If you’re studying in Quebec, you’ll also need an attestation of issuance of your Quebec Acceptance Certificate (CAQ).

Travel Visa Requirements

If your study duration in Canada is less than six months, you’ll need a travel visa as an international student. Ensure that you complete the necessary visa application process before your arrival.

Tuition Costs for International Students in Canada

Tuition fees for international students in Canada are generally higher compared to domestic students. According to the latest Statistics Canada study, international undergraduate students pay an average of $36,123 in tuition fees, while Canadian undergraduate students pay $6,834 on average. The difference in tuition fees between domestic and international students tends to increase over time and varies by level of study.

To give you an idea of the average costs, here’s a basic currency conversion chart:

Please note that these numbers are subject to currency conversion rates and may vary.

Eligibility for the Federal Government Student Loan

International students are generally not eligible for the Canada Student Loan Program (CSLP) offered by the Canadian government. To qualify for a Canada Student Grant and/or Loan, you must be a citizen, a permanent resident of Canada, or a designated protected person. Additionally, you must be a permanent resident of the province or territory where the grant and/or student loan is being issued. If you are 22 years of age or older and applying for your first Canada Student Loan, you’ll also need to pass a credit check. Unfortunately, as an international student, you won’t have the residency or credit history required to qualify for this loan.

Scholarships, Grants, and Bursaries for International Students

Despite the ineligibility for the Canada Student Loan Program, international students can still explore various scholarship, grant, and bursary opportunities to fund their studies in Canada. Canadian colleges, universities, and the government offer scholarships to students with outstanding academic performance and relevant work or volunteer experience. EduCanada and Universities Canada provide online tools to help international students find scholarships from Canadian and foreign governments, as well as private organizations.

Here are some examples of scholarships offered by Canadian institutions:

• York University International Student Scholarship
• University of Calgary International Entrance Scholarship
• University of Winnipeg President’s Scholarship for World Leaders
• Karen McKellin International Leader of Tomorrow Award at the University of British Columbia

Student Loans from Canadian Banks

While most Canadian banks only offer student loans to domestic students or those who are Canadian permanent residents or citizens, some banks do provide loan options for eligible international students. Let’s explore a few of these options:

TD Bank

TD Bank offers a Student Line of Credit to qualifying international students, even without a Canadian credit history. This line of credit can be used to pay for tuition fees. To be eligible, students must have a Canadian co-signer, be at least 18 years old, and plan to study at a post-secondary school in Canada.

Scotiabank

International students enrolled in a graduate program in Canada may apply for Scotiabank’s Personal Line of Credit with a co-borrower who is either a Canadian citizen or a permanent resident. This line of credit can be used to finance tuition fees or other school-related expenses.

BMO

BMO offers international students the opportunity to open a Performance Chequing Account with no monthly fees and unlimited transactions. They also provide a Guaranteed Investment Certificate (GIC) to assist students in obtaining their study permits and ensuring funds are readily available upon their arrival in Canada.

RBC

RBC’s Student Banking Bundle offers up to $300 to international students. This includes $100 when opening a new RBC Advantage Banking Account for students and up to $200 in cash back rewards with a new RBC Cash Back Mastercard.

Student Line of Credit

A student line of credit, offered by banks and credit unions, allows you to borrow from a revolving credit limit accessible through online banking or at your local branch. Similar to a credit card, you can borrow from this preset limit as needed, with monthly balance payments. Key benefits of a student line of credit include:

• Interest is only applied to unpaid balances
• Minimum or partial monthly payments can be made to avoid penalties
• Funds can be used for any education-related expenses
• Full-time students can qualify for significant credit limits, typically ranging from $10,000 to $20,000 per year

The bank assesses your level of education, academic institution, living costs, and other factors to determine your credit limit when you apply for a student line of credit.

International Student Loans from Alternative Lenders

Private student loans in Canada generally require Canadian citizenship or permanent residency. However, some alternative lenders offer loans to international students meeting specific criteria. To qualify for a private student loan, you’ll typically need a reliable source of income and a debt-to-income ratio below a certain threshold. A parent or cosigner may also be required to guarantee the loan. With a private lender, you can borrow between $2,000 and $50,000, with interest rates ranging from 3.00% to 46.00% APR. Loan terms typically last 1 to 7 years, allowing you to repay the loan over time while paying for your education upfront.

Tuition Exemptions for International Students

International tuition fees in Canada are generally higher than domestic tuition fees, making it financially challenging for foreign students. However, some post-secondary institutions offer exemptions to international tuition fees for eligible students. Let’s explore a few examples:

McGill University

Citizens of France may be entitled to an exemption from international tuition fees at McGill University under an agreement between the governments of France and Quebec. French students enrolled in undergraduate, visiting, or student programs are charged the Canadian rate of tuition, while graduate degree students are charged the Quebec tuition rate.

Humber College

International students at Humber College may be eligible for an exemption from international tuition fees if they fall into one of the following categories: indigenous person, protected person, person approved for permanent resident status in Canada, foreign worker with a qualifying work permit, or visitor with diplomatic status.

University of Toronto

International students attending the University of Toronto may qualify for an exemption from international tuition fees if they are considered one of the following: dependent of a Canadian citizen, dependent of an indigenous person, dependent of a permanent resident, protected person, person approved for permanent resident status in Canada, foreign worker with a qualifying work permit, or visitor with diplomatic status.

Seneca College

Seneca College allows exemptions from international tuition fees for international students falling into one of the following categories: indigenous person, dependent of a Canadian citizen, dependent of a permanent resident, protected person, official visitor and dependents, foreign worker and spouse or dependent, foreign clergy member and spouse or dependent, foreign military and spouse or dependent, or institutional exchange student.

Concordia University

International students attending Concordia University may be eligible for Canadian or Quebec tuition rates if they fall into one of the following categories: diplomat, consular personnel, accredited representative, or civil servant of a foreign nation, spouse of a person with a valid work permit, exchange student, French citizen, Francophone Belgian citizen, student enrolled in a Quebec university with an agreement with the Quebec Government, student with Convention Refugee status (in some cases), or student authorized to submit a request for permanent resident status.

Ways to Study in Canada for Free

While colleges and universities in Canada charge tuition fees for both domestic and international students, there are ways to waive or reduce these fees. Here are a few options to consider:

Apply for Scholarships from Canadian Schools

Many Canadian schools offer scholarship programs for students with exceptional academic achievements. By meeting specific grade thresholds, you may be eligible for partial or full scholarships. Check with your chosen college or university in Canada to explore scholarship opportunities based on your academic performance, resume, and transcripts.

Application Fee Waivers

In addition to tuition fees, universities often charge application fees that can be quite expensive. However, some universities in Canada offer fee waivers for international students. Take advantage of these fee waivers to reduce your overall expenses.

Study Online

If you prefer to study online instead of attending classes in person, you can significantly reduce costs related to relocation, accommodation, and textbooks. Online programs often have lower tuition fees and offer flexibility for students who wish to work while studying.

Certification and Licensing for Immigrants

If you are an immigrant and wish to get certified or licensed for specific professions in Canada, you’ll need to follow the appropriate process. Regulated professions in Canada, such as doctors, nurses, electricians, and teachers, require certification or licensing. Each province and territory in Canada has its own authority for regulating professions. If you already have the required certification or licensing from your home country, you’ll need to get them recognized in Canada before you can practice. To obtain certification or licensing in Canada, you’ll need to attend the relevant educational or training program, which incurs costs. Fortunately, there are organizations like Windmill Microlending that provide loans and support services to help alleviate the financial burden of getting accredited for your desired occupation.

Things to Consider as an International Student in Canada

Moving to Canada as an international student is a significant step that requires careful planning. Here are some important factors to consider:

Finding Accommodations

Unless you have family or friends to stay with, you’ll need to arrange for accommodations while studying in Canada. You have the option of on-campus housing provided by colleges and universities. These residences often come with bedrooms, shared kitchens, bathrooms, and laundry facilities. Off-campus private housing is another option, which may provide more privacy and freedom but may require additional expenses for utilities, furniture, and internet.

Day-to-Day Expenses

In addition to tuition and accommodations, you’ll need to budget for day-to-day expenses. Apply for a student credit card or secured credit card to easily manage your expenses without carrying much cash. Student credit cards are designed specifically for students and can help you build your credit history. Secured credit cards require a cash deposit, making them easier to obtain with little or no credit history.

Managing Finances

Opening a bank account in Canada is crucial for managing your finances effectively. Most international students will need a chequing account to pay for their living expenses. Some banks offer accounts specifically designed for international students. Additionally, consider opening a savings account to save money over the long term.

Health Insurance

Health insurance is essential while studying in Canada, as medical services are not covered for visitors. The cost of health care in Canada varies by province or territory. It’s important to obtain health insurance before arriving in Canada to ensure coverage for medical needs. Some provinces or territories may require you to obtain health insurance before your arrival. Others may offer free health coverage, but specific conditions and residency requirements apply. Research the health insurance requirements of your desired province or territory and make the necessary arrangements.

Conclusion

Studying in Canada as an international student can be a life-changing experience, providing you with a quality education and opening doors to future opportunities. While financing your education may seem challenging, there are various options available, such as scholarships, grants, loans, and tuition exemptions. By understanding the requirements, exploring financial aid options, and planning ahead, you can make your journey as an international student in Canada a successful and enriching one. Good luck with your studies!