Based on fees for international students at the top 10 universities and colleges, the average tuition cost in Canada is $18,474.

However, tuition cost is not the only consideration for parents looking to send their children to an overseas university. According to Betty Miao, HSBC Canada’s vice president of retail banking and wealth management, the other things that need to be considered are living expenses that make up about a third of the total costs of an overseas education, and travel expenses, as well as the quality of education. Taking all this into consideration, apply for your Canada Study Visa immediately.

In 2013, Canada welcomed a record 100,000 international students, an increase of 60% from 2004, HSBC reported.

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