The Canadian Dollar is one of the major currencies in the world and one Canadian dollar consists of one hundred cents.

In Canada there are paper bills for 5 dollars, 10 dollars, 20 dollars and 100 dollars and there are coins for 2 dollars (called a twoonie), 1 dollar (called a loonie), 25 cents, 10 cents, 5 cents and 1 cent (called a penny).

Most people use debit cards or credit cards, which you can get from any of the local banks. It is easy to start a bank account. Simply go to the bank and deposit your money and they will help you arrange your cards.

Cost of Living

Cost of living greatly depends on your lifestyle. Below is an estimation of the costs you must anticipate while studying in Canada. 

Duration of Estimation 12 Months

Note:

• All values are in C$
• The above values are estimation only. Cost of living depends greatly on your lifestyle.
• International students must have health insurance during their study in Canada. Insurance policies are regulated at the provincial level. Insurance premium rates range from C$ 50 to C$ 70 per month.