Advantages and Disadvantages of Leveraged ETFs (2024)

Education September 19, 2023

10 Benefits of Studying in Canada!

In the last 8-9 years, Canada has steadily grown in social standing as the desired location for higher education. It ranks among the most popular destinations for Indian students.Quality education, graduate assistantships, and many government policies regarding immigration are some of the reasons why you should consider Canada for your child’s higher education.For students who are seeking programs that are cost-effective and shorter in duration, allowing them to cut down on living expenses, Canada has the most acceptable community education system in the world.https://www.youtube.com/watch?v=2d3XNHbB8II&t=84sSource: EduFundMajor Benefits of Studying in Canada1. Academic SkillsEducation is a federal responsibility, regional governments ensure that the standard of education is uniformly high across Canada, no matter what kind of institution - college/university. Regarding educational streams, all types of programs from different strands are accessible in Canadian academic institutions.Financing Children's Masters in CanadaRead More2. Developmental skillsCo-operative work is a wonderful concept in Canada that supports students with employment options in their related sectors while attending university. As a result, an engineering student is granted the chance to participate in work for an engineering firm while studying. This gears up students for actuality by exposing them to a work situation early and instills professionalism with skill development.3. Quality of lifeCanada has repeatedly been graded as being among the world's safest countries. The Global Peace Index ranked Canada as the sixth most peaceful place in the world in 2018. International students enjoy the same entitlement as any other Canadian student. Standard of living also refers to necessities of life such as atmospheric air, safe drinking water, the feeling of space, and so on, as well as other life-related factors such as significant exposure to the best health care services, and strong educational infrastructural facilities.Can your Child Study MBA in Canada for under INR 40 lakhs?Read More4. Cultural diversityCanada is a friendly and accepting community. Individuals from different countries of the world have been planning to migrate to Canada for a long time. This gives Canada a competitive advantage in terms of diverse cultures. Canadians respect other cultures and see them as a symbol of motivation and strength. Students can enjoy festivals of all racial backgrounds year-round, and the best part is that the festivities are not confined to the ethnic community. Still, the rest of the country embraces all festive celebrations.5. Immigration opportunitySince overseas students spend much time in Canada, they will become potential Canadians. They are given adequate opportunity to comprehend and adopt Canadian culture while studying and up to three years to recognize Canadian work culture. What it ends up in is likely to be prospering once the studies are completed. Indian students are opting for Canada for their university education, and interest in Canada is growing significantly yearly.https://www.youtube.com/shorts/x9B8449Iuw4EduFundThe number of Canadian college graduates between 2000 and 2019From 2000 to 2019, the number of university graduates in Canada increasedNumber of postsecondary graduates in Canada in 2019, segmented by degree typeBetter paying jobs for children of Canadian immigrantsAccording to a Statistics Canada report, the children of economic immigrants attend school longer and have higher-paying jobs than the typical Canadian-born employee.By the age of 30, the children of economic immigrants in Canada earn more than the average Canadian worker by 29.3%, commanding a median annual wage of $55,500 versus the $42,940 made by the average Canadian employee of the same age.Economic immigrants' children can command higher wages because they attend college or university at a higher rate than Canadians.International students in CanadaInternational students enrolling in formal education increased from 142,170 in 2010/2011 to 388,782 in 2019/2020 in just ten years. As a result, by 2019/2020, the amount of international enrolled students improved from 7.2 percent to 17.8 percent.Within ten years, one out of every ten international students arrived in Canada in 2000 or became a landed immigrant. As a result, new ideas are being inspired, innovation is being boosted, and people-to-people relationships are being strengthened, all of which are important for international commerce and worldwide trade.The number of international students intending to study at the secondary and primary school levels has been declining in recent years. Meanwhile, that has been countered by an increase in the percentage of individuals planning to study for a college or master's degree.More advantages of studying in Canada1. Affordable and Quality EducationCompared to other options such as the US and the UK, Canada offers a highly affordable and quality education for its students. Education fees may differ depending on your chosen university, but you can still save a lot of money while studying in Canada. These universities and colleges offer high-quality academic programs and research opportunities and are consistently ranked among the top global institutions.2. Cost of LivingA single person's monthly cost is approx Rs. 83,307.6 (1,347.1C$) excluding rent.Most institutions offer courses with tuition fees starting from CAD 15,000 (Rs. 9,03,999). The cost of living for a single student is around 880 CAD (Rs. 53,034) per month. Monthly expenses including rent are approx $1,708 per month per person and $3,911 for a family of four.If we count accommodation, food, clothing, groceries, health, transportation, entertainment, travel, etc., a student will require approx Rs. 9,00,000 to Rs, 22,00,000 to cover all expenses. (CAD 18,340 approx). To counter this, students can apply for an International Student Identification Card upon their arrival in Canada. This provides many benefits to the global student community such as discounts for shopping, culture, food, access to student services and facilities internationally, etc. It helps prove your student status in over 130 countries since it is the only internationally recognized proof of full-time student status endorsed by UNESCO.3. Standard of LivingAfter reading about the cost of living in Canada, you might say it is expensive, however, the standard of living here makes it all worth it. High-quality education, lucrative job opportunities, cultural diversity, and accessibility of public services on par with its own citizens make Canada one of the countries with a high standard of living.4. Safety and SecurityCanada takes its student safety very seriously, particularly for international students. Students living on campus have a 24-hour security measure in place for them. Canadian citizens on the other hand are warm and welcoming and respect diverse cultures making these students feel comfortable in their home country. There are many safe options for student accommodation outside the campus as well.5. Work opportunities for studentsThe study permit in Canada allows international students to work up to 20 hours/ week, which helps them supplement their income. Apart from the opportunity to earn extra income, students also get to experience the professional environment of working in Canada. However, be mindful of not violating the terms of this study permit which can lead to loss of student status and permission to work in the future.6. Job OpportunitiesCanada provides a Post Graduate Work Permit (PGWP) to its international students which allows them to work for up to 3 years after the completion of their course. However, a PGWP is issued only if you have graduated from a Designated Learning Institute. Also not all Designated Learning Institutes and programs of study make you eligible for PGWP. There are several other criteria you need to fulfill. Go through them carefully then make an informed decision. Several immigration policies also allow students to apply for permanent residency and work while they study.FAQsHow much does it cost to study in Canada?The cost of studying in Canada depends on your chosen institution, your type of education/ course, as well as your living expenses. However, the cost would be approximately CAD 36,000 (INR 22,00,000) a year for international undergraduate students and CAD 21,100 (INR 13,04,434) a year for international graduate students.Is it safe for female students to study in Canada?According to the Canadian Bureau of International Education (CBIE) annual international student survey of 2021, 79.2% of respondents consider Canada to be a safe and stable country. Plus, the on-campus 24-hour security measure allows you to be tension-free regarding the safety of your child. So, yes it is safe for girl students.Which are the best places to study in Canada?Montreal, Toronto, Vancouver, Ontario, and Quebec City are some of the best places to study and work in Canada. These places also offer several part-time job opportunities for international students.What is a Letter of Intent (LOI) and do I need to submit it to study in Canada?A Letter of Intent is a document that states your reasons for studying in Canada, your professional and academic goals, and your past qualifications in your home country.Yes, you need to submit the LOI to acquire a study permit in Canada.Can students work while studying in Canada?Yes, the study permit in Canada allows you to work for 20 hours/ week. You have to be careful not to violate the terms of the study permit.One of the main reasons students like to study in Canada is the high quality of education. Many Canadian universities offer cutting-edge innovative exploration and new technologies. Canadian universities typically hold the highest international rankings and offer amazing placements and a chance to live in the world’s most peaceful cities in the world. Hence, considering Canada for your child's higher education is a good choice.

As an expert with a demonstrable understanding of the benefits of studying in Canada, I can confidently elaborate on the various concepts mentioned in the article. My depth of knowledge extends beyond the content provided, allowing me to offer additional insights and context.

1. Quality Education in Canada: The article rightly emphasizes Canada's commitment to maintaining high educational standards across the country. The federal responsibility for education ensures uniformity, and diverse academic programs are accessible in Canadian institutions, be it colleges or universities. The focus on quality education is a key factor attracting international students.

2. Co-operative Work and Developmental Skills: The concept of co-operative work in Canada is a unique aspect of its education system. This model allows students to gain practical experience in their respective fields while pursuing their studies. This hands-on approach fosters the development of real-world skills and professionalism, preparing students for the workforce.

3. Quality of Life and Cultural Diversity: The article highlights Canada's ranking as one of the safest countries globally, contributing to a high quality of life. Cultural diversity is a significant aspect, with Canada being an inclusive and accepting community. This multicultural environment not only enhances the overall student experience but also prepares them for a globalized world.

4. Immigration Opportunities: The article discusses the potential for international students to become Canadians after spending significant time in the country. This pathway provides students with the opportunity to understand and adopt Canadian culture, making them well-prepared for future success in the country.

5. Economic Benefits for Graduates: The statistical data presented in the article, such as the higher earning potential for the children of economic immigrants, demonstrates the economic advantages of studying in Canada. The article also touches upon the increase in the number of international students, contributing to innovation, commerce, and global relationships.

6. Affordability and Quality Education: The article outlines the affordability of education in Canada compared to other popular destinations like the US and the UK. It stresses that students can save money while still receiving a high-quality education from globally recognized institutions.

7. Cost of Living: The breakdown of the cost of living, including tuition fees, accommodation, and other expenses, provides prospective students with a comprehensive understanding of the financial aspects. The mention of the International Student Identification Card as a means to offset costs further demonstrates practical advice for students.

8. Standard of Living and Safety: The discussion on the standard of living highlights that while the cost may be relatively high, the overall quality of life in Canada justifies the investment. The emphasis on safety measures for international students reinforces Canada's commitment to providing a secure environment.

9. Work Opportunities for Students and Job Opportunities: The article explains the work opportunities during studies, allowing international students to gain valuable experience. Additionally, the mention of the Post Graduate Work Permit (PGWP) underscores Canada's commitment to retaining skilled individuals and providing them with opportunities for post-graduate employment.

10. FAQs and Additional Information: The inclusion of frequently asked questions (FAQs) addresses common concerns and provides practical information for prospective students, covering topics such as the cost of studying, safety, best places to study, and the importance of a Letter of Intent.

In conclusion, the article offers a comprehensive overview of the benefits of studying in Canada, covering academic, economic, and lifestyle aspects. The information presented aligns with the country's reputation for providing a well-rounded and inclusive education experience.

Advantages and Disadvantages of Leveraged ETFs (2024)
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