Best 5 Canadian Universities Offering Lucrative Scholarships for International Students 2023

Are you an international student interested in Canadian universities offering lucrative Scholarships? You are absolutely on the right path. For your convenience, we have listed the top 5 Canadian universities offering Lucrative Scholarships for international students in 2023. Do yourself the favor of reading and afterward go for the one you prefer the most or all at ones you never know which would work out well.

If you want to study at one of the best colleges in the world but need help to afford it due to financial constraints, look no further because there are fully-funded Scholarship opportunities in top Canadian universities for undergraduate and postgraduate studies. As of 2021, Canada has over 621,656 international students enrolled in their universities, making it one of the most sought-after study-abroad destinations for students from all over the globe. Several factors add to these impressive figures, including the Canadian government’s welcoming immigration policies.

Despite being a popular location for international students, studying in Canada is quite expensive, with tuition fees increasing by 7.6% for international undergraduates in the 2019-2020 academic session, according to a Statistics Canada report. The average tuition cost for foreign undergraduate students was approximately 29,714 Canadian dollars per year, while the average living cost was roughly $10,000.

Fortunately, international students have various funding choices for their studies in Canada. Top Canadian colleges, for example, offer generous scholarships. Students can give their full attention to their studies without worrying about how they will pay for them.

Here are our best recommendations for Canadian universities offering lucrative scholarships in 2023.

Canadian Universities Offering Lucrative Scholarships

Read also: University of Twente Kipaji Scholarship for International students 2023

Canadian universities offering lucrative scholarships 2023

University of Toronto

The University of Toronto, founded in 1827, is Canada’s best university, with a history of challenging the impossible and changing society through the ingenuity and determination of its faculty, students, graduates, and supporters. The university is one of the world’s leading research institutions, bringing together top minds from every possible background and field to work on the world’s most pressing challenges. Thousands of international students attend the institution, which provides lucrative scholarships and funding possibilities. The Lester B. Pearson International Scholarships are notable among the scholarships offered at the university.

University of Saskatchewan

The University of Saskatchewan, founded in 1907 in Saskatoon, Canada, is a public research institution rated among the best in the nation. At both the undergraduate and postgraduate levels, the highly-ranked university provides programs in all areas of academic endeavor. The university offers generous scholarships across all of its courses, making education accessible to international students who would otherwise be unable to finance their education. For students who satisfy the eligibility requirements, there are several fully-funded master’s and Ph.D. scholarships available. A master’s scholarship at the institution costs CAD 18,000 per year, while a Ph.D. scholarship costs $22,000 per year.

University of Waterloo

One of Canada’s top public research universities, the University of Waterloo, offers more than 140 international scholarships to students from all over the globe. The institution offers undergraduate, master’s, and Ph.D. students scholarships that are either country- or course-specific. When admitted to the institution, students may be automatically awarded one of these scholarships, with a maximum value of CAD 10,000. Among the prizes are the Frank and Janet Hill Women in Math Scholarship and the Colonel Hugh Heasley Engineering Scholarships.

University of Alberta

The university offers over 200 undergraduate programs, more than 500 graduate programs, 250 specializations, and 300 research areas. It is ranked among the top 150 institutions worldwide and among the top 5 in Canada. More than 150 nations around the globe send students to the university because of the quality of education there and its reputation over the years. For international students who fulfill the requirements, the university provides fully funded master’s and Ph.D. scholarships.

The university recently changed its English proficiency requirements to attract more international students, enabling certain internationals to apply for scholarships without taking their IELTS test. Every year, undergraduate and graduate students are given grants and financial aid totaling over $34 million.

  1. McGill University

The Montreal-based McGill University is one of the most prestigious universities in Canada. It enrolls thousands of international students annually from more than 150 nations and has the largest proportion of Ph.D. students of any research university in the country. Undergraduate and graduate students can apply for several scholarships and financial assistance programs, including:

  • Entrance Scholarships
  • Government Aid
  • Work Study program
  • McGill Financial Aid
  • Frugal Scholar Program

FAQs on Canadian universities offering lucrative Scholarships

Which Canadian university awards international students the most scholarships?

The British Columbia University. Every year, UBC provides new students $15 million in financial assistance! The Presidential Scholars Award and the UBC Centennial Scholars Entrance Award are their greatest honors.

What Grade is necessary for Canadian scholarships?

One prerequisite for applying for a scholarship to study in Canada is the grade point average (GPA). You need to make sure you are among the best if you want to improve your chances of receiving scholarships to study overseas. It would help if you had a Grade of at least 7.5.

Is it challenging for international students to obtain a scholarship in Canada?

The nature, eligibility, and number of awards for the scholarship will determine how simple or difficult the application will be. My acceptance qualifies me for a scholarship. The Canadian admissions council will automatically award you a scholarship if your university application is excellent.

What Grade must you have to qualify for a scholarship?

The minimum requirements for competitive academic scholarships vary from 2.0 on the low end to 3.75 or higher. A 3.0 GPA or higher will offer you a good chance of being eligible for several scholarships.

Can you receive a complete scholarship for free in Canada?

Funded scholarships are indeed accessible. For instance, the University of Toronto’s Lester B. Pearson Scholarship. Which Canadian institution offers the most scholarships? There are many, but a few are Western Ontario University, York University, University of Alberta, and Simon Fraser University.

What financial requirements must I meet to study in Canada as an international student?

Canada is a very affordable place to learn compared to many other nations. You’ll need between $20,000 and $30,000 per year for education. This range is only an average and will change depending on the school and class you are enrolled in.


The top 5 Canadian Universities Offering Lucrative Scholarships are listed, and other queries you might need answers to in the frequently asked questions section. Read through and choose your most preferred scholarships.


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