🇨🇦 1–2 years · Fall (Sep)

Masters in Economics in Canada

A master's in Economics covers micro and macro theory, econometrics and applied fields such as development, finance and policy. Here is how studying it in Canada works for Indian students — universities and costs in rupees, eligibility, careers and work rights.

University shortlist
₹15–35 lakh per year
Intakes: Fall (Sep)
Post-study work

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Quick answer

Masters in Economics in Canada: what does it cost and is it worth it?

A master's in Economics in Canada usually takes 1–2 years. Tuition is ≈ CAD 18,000 – 45,000 per year. After graduating: PGWP up to 3 years depending on program length.

Ask on WhatsAppUpdated October 2026 · Reviewed by the Visa Edu Loans admissions & finance desk

Official sources: IRCC — Study permit

Masters in Economics in Canada at a glance

Duration: 1–2 years
Tuition (international): ≈ CAD 18,000 – 45,000 per year
Living costs: Proof of living funds as set by IRCC, plus rent of ≈ CAD 800 – 1,800/month
Typical budget: ₹15–35 lakh per year
Intakes: Fall (Sep), Winter (Jan), Summer (May)
English tests: IELTS, PTE, TOEFL or CELPIP/Duolingo as accepted by the institution
GRE / GMAT: GRE is needed only for some research-based and top engineering programs
Post-study work: PGWP up to 3 years depending on program length

Overview

Why study Economics in Canada?

A master's in Economics covers micro and macro theory, econometrics and applied fields such as development, finance and policy.

Canada offers post-graduation work permit of up to 3 years, co-op programs with paid work terms and three intakes a year.

Universities

Universities to consider in Canada

Universities we cover in Canada, lowest cost first — check each for a Economics program.

Universities to consider in Canada
University	City	Tuition a year	Total in ₹
Memorial University	St. John's	CAD 15,000 – CAD 22,000	₹51 lakh – ₹62 lakh
URegina	Regina	CAD 18,000 – CAD 25,000	₹55 lakh – ₹66 lakh
UNB	Fredericton	CAD 18,000 – CAD 26,000	₹55 lakh – ₹67 lakh
TRU	Kamloops	CAD 20,000 – CAD 26,000	₹58 lakh – ₹67 lakh
USask	Saskatoon	CAD 18,000 – CAD 28,000	₹55 lakh – ₹70 lakh
UManitoba	Winnipeg	CAD 18,000 – CAD 28,000	₹55 lakh – ₹70 lakh
Trent	Peterborough	CAD 20,000 – CAD 27,000	₹58 lakh – ₹69 lakh
Saint Mary's (Halifax)	Halifax	CAD 20,000 – CAD 28,000	₹58 lakh – ₹70 lakh
Lakehead	Thunder Bay	CAD 22,000 – CAD 28,000	₹60 lakh – ₹70 lakh
Brock	St. Catharines	CAD 22,000 – CAD 28,000	₹60 lakh – ₹70 lakh

Specialisations