Relocating to Canada as an international student isn’t just about securing admission—it requires serious financial planning to meet both immigration requirements and personal expenses. Wondering how much you really need? As of February 21, 2025, a rough estimate puts the cost at around ₦47 million for your first year. Let’s break it down.
How Much Does It Cost to Study in Canada?
1. Tuition Fees
- Master’s Programs: CAD 15,000 – CAD 25,000 per year
- In Naira (NGN): ₦16 million – ₦26.6 million
2. Proof of Financial Support
- The Canadian government requires students to prove they can cover living expenses.
- Minimum required amount: CAD 20,635 per year
- In Naira: ₦22 million
3. Additional Expenses
- Airfare: CAD 1,500 – CAD 2,000 (₦1.6 million – ₦2.1 million)
- Health Insurance: CAD 600 – CAD 800 per year (₦640,000 – ₦853,000)
- Books & Supplies: CAD 1,000 per year (₦1 million)
Total Estimated Cost for a Master’s Student in Canada
For your first year, you should budget around ₦47 million to cover tuition, living expenses, airfare, insurance, and books. Keep in mind that costs may vary depending on your university, province, and lifestyle.
If you have this amount—or are lucky enough to land a scholarship—here’s your next step: applying for a student visa.
How to Get a Student Visa for Canada
Step 1: Secure Admission
You must receive a Letter of Acceptance from a Designated Learning Institution (DLI) in Canada. Ensure your school is on the official DLI list to avoid issues with your visa.
Step 2: Gather Required Documents
- Valid Passport (must cover your study period)
- Letter of Acceptance (LOA) from a Canadian university
- Proof of Financial Support (bank statements, scholarships, sponsor letters)
- Statement of Purpose (SOP) explaining your study plans
- Medical Exam & Police Clearance (if required)
- Visa Application Fee: CAD 150 (~₦200,000)
Step 3: Submit Your Study Permit Application
- Online Application (Recommended): Apply via the IRCC website, upload documents, and complete biometrics at the Canada Visa Application Centre (VAC) in Lagos or Abuja.
- Paper Application (Not Recommended): Submit forms physically at a VAC.
Step 4: Attend a Visa Interview (If Required)
Be prepared to answer questions on:
✅ Your study plans
✅ How you’ll fund your stay
✅ Your ties to Nigeria
Step 5: Wait for Approval (Processing Time: 8–20 Weeks)
- Approval: You’ll receive a Port of Entry (POE) Letter and a Temporary Resident Visa (TRV) if required.
- Rejection: You’ll get a refusal letter with reasons such as insufficient funds or unclear study plans. You can reapply after fixing these issues.
Step 6: Travel to Canada & Get Your Study Permit
Once approved, book your flight and present your POE Letter, LOA, and proof of funds to immigration upon arrival. They’ll issue your study permit.
Is Studying in Canada Worth It?
While relocating to Canada requires a significant financial investment, it can be a life-changing opportunity—especially if you plan to work after graduation through the Post-Graduation Work Permit (PGWP).
💡 Need help funding your studies? Check out scholarships for Nigerian students in Canada.
Would you relocate if you had ₦47 million? Drop your thoughts in the comments! 🚀