TOOLS
First-year cost calculator
Stress-test tuition + living + one-time expenses before you commit to deposits and flights.
This is an illustrative planning model — not an offer of admission or visa approval. Use it to sanity-check city choice, housing type, and lifestyle assumptions, then pair it with the cost guide and GIC rules.
Lifestyle vs proof-of-funds lines separatedBuilt for family spreadsheetsBrampton, ON · Mon–Fri, 9:30am–6:30pm ETPermits · Visa Master Canada (RCIC) when retained
2,000+ students helped
Toronto & GTA · walk-in office
Licensed RCIC partner
Free consultation
Your profile
Program level
Housing type
Lifestyle
Estimated first-year costs
Illustrative model-not an offer of admission, visa approval, or exact tuition quote.
- Tuition (annual estimate)
- CAD $28,000
- Living costs (annual, adjusted)
- CAD $22,000
- One-time costs (fixed model)
- CAD $3,500
- First-year subtotal
- CAD $53,500
- IRCC proof-of-funds line (GIC minimum)
- CAD $22,895
- Recommended buffer (+10%)
- CAD $5,350
- Plan for minimum
- CAD $58,850
The IRCC GIC line item is shown separately because it is a regulatory proof point-not the same as your rent and groceries budget. See cost of studying for city tables.
Talk to a counsellor about your budgetWORKFLOW
How to use this calculator
- 1Pick your city and housing type first — rent drives most variance.
- 2Use program level as a rough tuition anchor, then replace with your offer letter when you have it.
- 3Treat the IRCC GIC line as regulatory proof-of-funds, not your lifestyle budget.
- 4Add a buffer for FX, wire fees, and intake-season spikes before you pay deposits.
NEXT
Turn estimates into a real plan
Use the guide tables and the GIC rules to replace assumptions with receipts — then build your admissions and permit timeline.
LET'S TALK
Ready to start your Canadian education?
Free 20-minute consultation. No obligations. Real advice from real counsellors.
Mon–Fri, 9:30am–6:30pm ET · Toronto & GTA · Unit 1805, 83 Kennedy Road South, Brampton, ON L6W 3N7
Prefer email? sales@studymaster.ca