| Item | Cost (average) | Comments |
| Tuition fee (undergraduate) per year/2 semesters full-time | $4470 | Tuition in Ontario is on average the highest in Canada. |
| Residence (8 months + meal plan) | $3,000-7,500 | Memorial University of Newfoundland and Labrador has the most affordable residence plan. |
| Home-stay (room and board) | $400-$800 per month | Home-stay options are limited in all regions, and you are more likely to find one in an urban area. |
| Shared housing off campus | $250-$700 per month | Beware! Housing in rural areas is not necessarily more cost efficient than the urban centres. Make sure to do your research first. |
| Private accommodation off campus | $400-$1500 per month | Toronto has the highest rents in the country with the least amount of "affordable" housing areas. |
| Clothing (socks, underwear, coat, boots, etc.) | $650 | |
| Food (12 month period) | $3,800 | |
| Books and instruments (2 semesters) depending on what you are studying | $1000 | Most textbooks are sold at the same price regardless of which institution you attend. You may want to consider purchasing them second hand, sharing with another student or using library resources. |
| Public Transportation (2 semesters) | $664 | Urban centres usually have more efficient services, but research what discounts or transportation services your school may offer. Remember, if you choose to drive a car to school, include the cost of insurance, gas, maintenance and parking in your budget. |
| Miscellaneous (postage, stationary, pharmacy, supplies, gym membership, extra-curricular activities) (2 semesters) | $3,500 | These items are most often not calculated into a budget but are essential, so include them. |
| Supplemental Insurance (12 months) | $130 | If you are not planning to live with your parents, find out if their home insurance will cover your belongings if they are damaged or stolen while you attend school. If you are not covered, contact student services. Universities usually have agreements with insurance companies. Insurance is very a worthwhile investment. Students are easy targets for robbers. |
| Out-of-province travel | $400-$800 | If you flew or took a train to go to school, you need to consider how you will return home for the holidays (Mom and Dad may not be able to pay for it). |
| Fun | You decide | You will want to have some fun so plan and budget for it! |
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