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Home » Top 5 Canadian Universities Offering Lucrative Scholarships for International Students 2023

Top 5 Canadian Universities Offering Lucrative Scholarships for International Students 2023


    If you are an international student who wants to study at one of the best universities in the world but can’t afford it because of the cost, then look no further as there are fully funded scholarship opportunities at top Canadian Universities for undergraduate and graduate studies. Canada is one of the most sought after study abroad destinations for students worldwide with over 621,656 international students They enrolled in their universities from 2021. Several reasons contribute to these great statistics, one of which is the friendly immigration policies implemented by the Canadian government.

    Despite being the destination of choice for most international students, studying in Canada is quite expensive as tuition fees increased by 7.6% for international undergraduate students in the 2019-2020 academic term, according to a Statistics Canada report. The average tuition cost for international undergraduate students was about 29,714 Canadian dollars per year, while the average cost of living was about 10,000 dollars.

    Fortunately, there are many sources of funding that can be explored by international students for them studies in Canada. One of them is the lucrative scholarships offered by top Canadian universities. Through them, students can focus their full attention on their studies without having to worry about how they will finance their studies.

    Also See: Top 10 High Paying Scholarships in Canada (Over CAD 50,000)

    More than 800 scholarships are available for international students at Canadian universities for the 2022/2023 academic session. Here are our top picks:

    Canadian universities offering lucrative scholarships 2023

    1. University of Toronto

    Founded in 1827, the University of Toronto is Canada’s premier university with a long history of challenging the impossible and transforming society through the ingenuity and determination of its faculty, students, alumni and supporters. The University is one of the world’s leading research-intensive institutions, bringing together top minds from every conceivable background and discipline to collaborate on the world’s most pressing challenges. The university hosts thousands of international students and offers lucrative scholarship and funding opportunities. Notable among the scholarships available at the University are the Lester B. Pearson International Scholarships.

    1. University of Saskatchewan

    Located in Saskatoon, Canada and founded in 1907, the University is a public research institution ranked among the best in the country. The highly ranked university offers programs in all areas of academic endeavor at both the undergraduate and graduate levels. The university offers lucrative scholarships across all its courses – making education easily accessible to international students who would not normally be able to finance their education. There are several fully funded Masters and PhD scholarships for students who meet the eligibility criteria. The university’s Master’s degree scholarship is valued at $18,000 CAD per year while the PhD scholarships are valued at $22,000 per year.

    1. University of Waterloo

    The University of Waterloo ranks among the top public research universities in Canada with more than 140 international scholarships available for students from around the world. The scholarships available at this university are either course-specific or country-specific awards for undergraduate, postgraduate and PhD students. These scholarships can be worth up to $10,000 CAD which can be automatically awarded to students as they gain admission to the university. Some of the scholarships include:

    • Colonel Hugh Heasley Engineer Scholarships
    • Frank and Janet Hill Scholarship for Women in Mathematics

    4. University of Alberta


    The University is among the top 5 universities in Canada and one of the top 150 in the world, offering more than 200 undergraduate programs and more than 500 graduate programs with 250 majors and 300 research areas. The level of learning at the university and its reputation over the years continues to attract students from more than 150 countries around the world. The University offers fully funded Masters and PhD scholarships for international students who meet the selection criteria.

    To further attract international students, the university recently made adjustments to its English proficiency requirements, which allow internationals with certain criteria to apply for scholarships without having to write the IELTS test. Awards of more than $34 million in undergraduate and graduate scholarships and financial aid are awarded annually to students.

    Some of the scholarships include:

    • Scholarships based on admission (International Admission Scholarship, Regional Excellence Scholarship, Gold Standard Scholarship).
    • Scholarships based on application (President’s International Distinction Scholarship, International Leader Scholarship, May Quon Undergraduate Scholarchip, etc.).
    • Transfer of Scholarships.

    5. McGill University

    Located in Montreal, McGill University it ranks among Canada’s top universities, attracting thousands of international students from more than 150 countries each year and the highest percentage of doctoral students of any Canadian research university. There are various scholarships and student aid programs available for undergraduate and graduate students including:

    • Financial Scholars Program
    • Entrance Scholarships
    • McGill Financial Aid
    • state aid
    • Work study program