Cost of living in Canada
Canada's living costs vary widely by city — Toronto and Vancouver are expensive, while many prairie and Atlantic cities are far more affordable. The study-permit proof-of-funds figure is a useful baseline for planning.
The proof-of-funds benchmark
For the study permit, you must show living funds of CAD $22,895 for a single applicant (outside Quebec), as of September 2025 — on top of tuition and travel. The figure rises with family size and changes periodically, so confirm it on canada.ca.
Where your money goes
- Rent is the biggest cost and the biggest difference between cities. See accommodation.
- Transport — most cities have student transit passes; some campuses include a U-Pass.
- Food — cooking at home is far cheaper; groceries cost more in remote areas.
- Winter gear — budget for a proper coat and boots; Canadian winters are serious.
- Health insurance where your province doesn't cover students — see healthcare.
Cheaper vs pricier cities
Montreal, Calgary, Ottawa, and many smaller college towns are considerably more affordable than Toronto or Vancouver. Quebec also has comparatively low tuition, though most programs there are taught in French.
Stretching your budget
- Use your off-campus work allowance and work full-time in the breaks.
- Apply for entrance scholarships — many are automatic with your offer.
- Share accommodation to split rent and utilities.
Official source: IRCC — proof of funds.