Approximate expenses for one exchange term
|Food / Meals (5 months)||$2,000|
|Health insurance (compulsory)||
$355 (for a one-term exchange)
$636 (for a two-term exchange)
$0 (If your home country is Belgium, Denmark, France, Finland, Greece, Luxembourg, Norway, Portugal, Sweden)
|Immigration procedures (if required)||
Study permit: $150
Temporary resident visa (multiple entries): $100
|TOTAL (per term)||$6,000 to $8,000|
In order to cover your costs and expenses, you will need to get your funds to Canada. Fluctuations in the exchange rates between the Canadian dollar and your home currency can affect your budget from month to month. Refer to the Bank of Canada’s online conversion page for current and past exchange rates.
Canada does not have any system of exchange rate controls. However, your country may have such controls.
Here are some suggestions for transferring funds from your country to Canada:
For information on how to transfer funds to pay your tuition, consult the following page.
Instead, we suggest that you arrive in Montreal with enough cash and traveller’s cheques to cover your expenses for the first month, and that you obtain a VISA or MasterCard credit card. Because acceptance of other credit cards tends not to be as widespread here, some students are known to have run into difficulties when using other ones. And finally, we suggest that you obtain bills of $50 or smaller, as $100 bills tend not to be accepted everywhere.