← All Country Calculators📅 Last Updated: August 2026
Flag of CanadaNepal → Canada Cost Study

Can I Afford to Study in Canada?

Calculate complete Year 1 tuition, living expenses, visa fees, and realistic part-time earnings converted into NPR.

Currency: CAD (1 CAD 96.2 NPR)
Work Cap: 20 hrs/week
Post-Study Visa: 3 Years
Data Status: Verified 2026

Your InputsNPR Conversions

Current bank deposit, loan approval, or liquid funds ready for Year 1.

Amount parents or sponsors in Nepal will send monthly.

Calculated at realistic ~16.5 CAD/hr wage with a 30% buffer for exam periods.

Funding Gap for Canada

Estimated Year 1 Total Expenditure: NPR 47,18,610

Year 1 Financial Summary

Annual TuitionNPR 25,97,400
Year 1 Living ExpensesNPR 21,06,780
Upfront One-Time Costs (Visas, Deposits)NPR 14,430
Total Year 1 ExpenditureNPR 47,18,610
Your Total Year 1 CoverageNPR 36,54,666
— Incl. Part-Time Earnings (Year 1)NPR 11,54,666
Net Funding GapNPR 10,63,944

Monthly Living Breakdown~1,825 CAD/mo

Rent (midpoint)
NPR 1,05,820
1,100 CAD/mo
Groceries
NPR 38,480
400 CAD/mo
Transport
NPR 12,506
130 CAD/mo
Utilities
NPR 11,544
120 CAD/mo
Health Insurance
NPR 7,215
75 CAD/mo

Upfront One-Time Costs

IRCC Study Permit Fee
NPR 14,430
150 CAD

Studying in Canada: Tuition, Living Costs & IRCC Study Permit Proof of Funds

Canada offers high academic standards, welcoming immigration policies, and 3-year Post-Graduation Work Permits (PGWP). However, accurate financial planning is critical given recent IRCC policy updates.

Average tuition for international Masters students ranges between CAD 18,000 and CAD 36,000 per year. Effective January 2024, IRCC increased the cost-of-living financial requirement for single study permit applicants to CAD 20,635 per year (purchased via GIC) in addition to first-year tuition.

Students holding a valid study permit are allowed to work up to 20 hours per week off-campus during regular academic sessions and full-time during scheduled breaks. Minimum hourly wages range from CAD 15.00 to CAD 17.50 depending on the province.

Frequently Asked Questions

What is the updated GIC amount for Canada Study Permit in 2024?
The GIC requirement was raised to CAD 20,635 for single applicants to reflect realistic living costs in Canada.

Next Step: Review Document Checklist

Got your budget calculated? Check out the step-by-step document checklist for Canada admissions & visa.

View Canada Checklist →