10 Best Universities with Cheap Masters Degrees in Canada

Universities with Cheap Masters Degrees in Canada

Explore the universities with cheap masters degrees in Canada to experience an affordable master’s degree in Canada.

Canada is a popular destination when it comes to studying abroad. International students can pursue a wide range of graduate programs in Canada. Canada boasts top-tier universities, a good standard of living, low crime rates, and a great environment for international students. The country provides a world-class education at a lower cost than many other countries. 

This is especially true for master’s degrees, where some universities stand out with low tuition fees. 

From business and engineering to humanities and sciences, you may select a high-quality graduate program that fits your academic goals and budget. In this article, we will discuss the best universities with cheap master’s degrees in Canada and see how you can get a prestigious master’s degree cheaply.

For those seeking greater financial support for their master’s degree in Canada, fully funded scholarships are a viable option. These scholarships cover tuition fees, living expenses, research materials, and more, providing comprehensive financial aid for your academic journey. 

Learn how to secure these scholarships and pursue your academic goals with great financial assistance by checking out our dedicated article on fully funded scholarships in Canada. Don’t miss out on this opportunity to advance your academic and professional aspirations – take the next step today!

Why Study in Canada?

1. Top-notch Education

Canadian universities are renowned internationally, consistently receiving high marks in world rankings. Canada’s education system is considered one of the best in the world, and its universities are no exception. You will receive a prestigious degree that will allow you to pursue opportunities around the world.

2. Multicultural and Welcoming

Embracing Canada’s diversity creates a welcoming environment for international students. This makes adjustment easier. The inclusive environment creates the feeling of a home away from home for many, making Canada an attractive destination for people from all walks of life.

3. Affordable

Compared to typical universities in the USA, and UK, degrees in Canada are significantly less expensive.

4. Work While You Learn

Canada enables international students to work part-time, which provides useful work experience and helps with living expenses. There are even programs with co-op placements, which integrate job experience into your studies.

5. Post Graduation Options

Canada offers international students the opportunity to gain work experience after graduation, potentially leading to permanent residency. With a strong economy and many industries, studying in Canada can lead to valuable internships and job opportunities after graduation.

6. Ease of Living 

Studying in another country may seem daunting. But, doing so in an English-speaking, first-world country makes foreign students more likely to get along.

7. Global Perspective

Canada’s inclusive society and international outlook foster global citizenship, preparing students for success in an interconnected world.

Eligibility Requirements to Study in Universities with Cheap Master’s Degree in Canada

  • Candidates must submit GMAT or GRE results, depending on the master’s degree program they choose.
  • Admission to the university for a cheap master’s degree program requires a four-year bachelor’s degree from an accredited university/institution.
  • Required documents include a study permit, academic transcripts, bank statements, a passport, letters of recommendation, and a CV/resume.
  • Candidates must have the ability to demonstrate English language proficiency. However, they can study in Canada without taking the English proficiency exam.
  • Candidates must send a written application

List of 10 Universities with Cheap Masters Degrees in Canada

1. University of Victoria

University of Victoria
University of Victoria
  • Type: Public university
  • Established: 1963
  • Accredited by: AACSB
  • Acceptance Rate: 63%
  • Location: Greater Victoria, British Columbia, Canada, US

The University of Victoria offers degree programs in Education, Business, Engineering and Computer Science, Social Sciences, Fine Arts, Law, and others. Graduate students pay tuition each semester at this university. Tuition costs for domestic and international students range between $2,050 and $2,600 per semester respectively. Victoria University offers master’s degrees that are considered relatively affordable compared to other programs in Canada. 

Tuition fees may vary depending on the program, but some Master of Engineering programs start as low as CA$7,920 per year. This is much lower than programs such as the MBA which can cost more than $33,000 per year. A university with a cheap master’s degree in Canada is a great option if you want to strike a balance between affordability and a renowned university.

2. Brandon University

Brandon University
Brandon University
  • Type: Public University 
  • Established: 1967
  • Accredited by: Department of Advanced Education and Literacy, Manitoba.
  • Acceptance Rate: 45%
  • Location: Brandon, Manitoba, Canada, US

If you are looking for a cost-effective master’s degree in Canada, Brandon University may be a good fit for you.

The university offers the most cost-effective master’s degree programs in Canada in a variety of disciplines, such as Education, Psychiatric Nursing, Music, Rural Development, and Environmental and Life Sciences. 

Graduate tuition at this university with a cheap master’s degree in Canada is approximately $700 (3 credit hours)for domestic students and $1,300 (3 credit hours) for international students. Brandon University offers a potentially budget-friendly option for your master’s degree, with the exact cost depending on your chosen program and scholarship eligibility.

3. University of Northern British Columbia

  • Type: Public university
  • Established: 1990
  • Acceptance Rate: 70 – 75%
  • Location: Canada, US

The University of Northern British Columbia is a renowned public research institution, often praised as one of Canada’s top small universities. For part-time study, tuition for a master’s degree starts at $1,075, while full-time study costs $2,050. Additionally, international students are required to pay a $125 International Student Fee in addition to tuition.

At this university with a cheap master’s degree in Canada, domestic graduate tuition fees start at around $1,820 per semester, with programs such as the Master of Arts in Disability Management and Master of Science in Health Sciences falling into this range.

Even some specialized programs, like the Master of Applied Science in Engineering, come in at a mid-range tuition of $2,548.20 per semester. It is important to remember that this does not include student fees, textbooks, and living expenses, but for tuition alone.

4. Dalhousie University

  • Type: Public university
  • Established: 1818
  • Accredited by: AACSB
  • Acceptance Rate: 60 – 70%
  • Location: Halifax, Nova Scotia, Canada, US

Dalhousie University boasts of a rich selection of master’s programs in various disciplines. From Arts and Humanities to professional programs like Science, Engineering, and Business Administration, there’s a good chance you’ll find a field that best suits your interests. The university offers a vibrant research environment and experienced faculty. 

The university offers over 200 degree programs spread across thirteen academic faculties. Graduate tuition cost at this university with a cheap master’s degree in Canada starts at $8,835 per year, with an additional international tuition fee of $7,179 for non-Canadian citizens and permanent residents.

5. Memorial University

  • Type: Public university
  • Established: 1925
  • Accredited by: AACSB
  • Acceptance Rate: 66%
  • Location: St. John’s, NL, Canada, US

Memorial University is one of Canada’s largest institutions of higher education, which offers more than 170 master’s degrees across its three campuses. The discipline spans Arts and Education, Engineering and Technology, and Applied Health Sciences. Programs range from one-year specialized options in maritime studies to research-intensive thesis-based degrees.

Memorial University’s graduate tuition is among the lowest in Canada. The university with a cheap master’s degree in Canada offers over 100 graduate diplomas, master’s, and doctoral degrees. Tuition fees for graduate programs can be as low as $4,000 per year for domestic students and $7,000 for international students.

6. Cape Breton University (CBU)

Cape Breton University
Cape Breton University
  • Type: Public university
  • Established: 1951
  • Accredited by: Nova Scotia’s Department of Education and the Maritime Provinces Higher Education Commission
  • Acceptance Rate: 50%
  • Location: 1250 Grand Lake Rd, Sydney, NS B1M 1A2, Canada

Cape Breton University offers three Master’s programs: a Master of Business Administration (MBA) in Community Economic Development, and two Master of Education (MEd) programs in Sustainability, Creativity, and Innovation (SCI) and Educational Technology. All three programs focus on practical applications within their fields. 

CBU offers affordable master’s degree programs in the Sciences, Liberal Arts, Business, and Health. Graduate tuition at this university with a cheap master’s degree in Canada starts at $1,067 per 3-credit course, with an extra $852.90 additional cost for international students.

7. Simon Fraser University (SFU)

  • Type: Public university
  • Established: 1965
  • Accredited by: NWCCU
  • Acceptance Rate: 59%
  • Location: Greater Vancouver, British Columbia, Canada, USA

Simon Fraser University boasts a diverse selection of master’s programs across eight faculties, including Applied Science, Arts and Social Sciences, Business, and Education. Whether your interests lie in Social Sciences like Gender Studies or Hard Sciences like Molecular Biology, SFU likely has a program for you. 

The university operates campuses in British Columbia’s primary urban centers: Burnaby, Surrey, and Vancouver. SFU’s eight faculties offer a wide variety of programs for graduate students. Most graduate students are required to pay tuition each semester, with fees averaging approximately $2,000 per semester.

8. Trent University

Trent University
Trent University
  • Type: Public University
  • Established: 1964
  • Accredited by: AACSB
  • Acceptance Rate: 33%
  • Location: Peterborough, Ontario, Canada, US

Trent University offers a diverse range of master’s programs in the Humanities, Social sciences, and Sciences. You can choose between thesis-based research programs, where you’ll explore a specific topic under expert guidance, or course-based programs that provide in-depth study with the option of a major research project.

The university offers affordable master’s degree options for international students.

Graduate tuition at this university with a cheap master’s degree in Canada is approximately $2,700 per semester, with additional international student differential costs of approximately $4,300 per semester.

9. Carleton University

Carleton University
Carleton University
  • Type: Public university
  • Established: 1942
  • Acceptance Rate: 21%
  • Location: Ottawa, Ontario, Canada, US

Carleton University is a leading research and educational institution that offers a wide range of master’s programs in a variety of disciplines. From Arts and Social Sciences, such as Anthropology, Communication, and Political Science to Engineering fields, including Aerospace, Biomedical, and Civil Engineering, you will find options to suit your interests. They also offer programs in Health Sciences, Public Policy, and Northern Studies.  

With over 50 master’s degrees to choose from, Carleton can prepare you for advanced study and a career in your chosen field. This is another best university with a cheap master’s degree in Canada which offers graduate degree programs at a low cost. Domestic students pay between $6,615 and $11,691 for graduate tuition and fees, while international students pay between $15,033 and $22,979 for the same. 

10. Mount Allison University

  • Type: Public university
  • Established: 1839
  • Acceptance Rate: 66%
  • Location: Sackville, New Brunswick, Canada, UK

Mount Allison University is an excellent university with a cheap master’s degree in Canada that offers low-cost master’s degree programs to graduate students. The university offers research-oriented Master of Science (MSc) degrees in biology and chemistry. They also consider applications for MSc programs in other science disciplines on a case-by-case basis. Their programs emphasize practical research experience through laboratory and field work guided by professors with diverse research interests. 

You will benefit from small class sizes and the opportunity to work closely with your supervisor. This focus on research prepares graduates for success in Ph.D. programs or careers requiring strong research skills. At Mount Allison University, graduate tuition can cost $1,670 each term for the initial six terms and $670 per term thereafter.


1. How much does a master’s degree cost in Canada?

In Canada, most master’s degree programs charge one semester or term of tuition. The average tuition fee for a master’s degree in Canada ranges from CAD 6,000 to CAD 74,000.

2. Is it difficult to get accepted into a cheap master’s program in Canada?

Acceptance rates may vary by university and program. Overall, strong academic records, relevant experience, and achieving English language proficiency standards are essential to be accepted into a cheap master’s program in Canada.

3. Which country is the cheapest for a master’s degree?

Mexico in North America is one of the most affordable destinations for international students to study higher education abroad. Mexico is known for its warm welcome to students. The university offers various English and Spanish-taught courses.

4. Is there any financial support or scholarships accessible for international students?

Yes, many universities offer scholarships and financial aid specifically to international students. It is important to seek out individual programs and universities for their unique offerings.


Universities with Cheap master’s degrees in Canada provide high-quality education at a much lower cost than other developed countries. This makes them an excellent option for students who want to advance their careers without breaking the bank. These universities often have reputable faculty and quality programs, while the Canadian experience itself offers a multicultural environment and potential employment opportunities after study.  

By taking into account aspects such as program friendliness and scholarship options, as well as affordability, you can find a Canadian master’s degree program that will accelerate your career without compromising financial stability.

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