How to Apply for Fully Funded Masters in Canada

Canada has become a top study-abroad destination for Indian students and parents seeking world-class education, global exposure, and excellent career opportunities. What makes it even more attractive is the availability of fully funded master’s scholarships—covering tuition, living expenses, and even travel costs.

This detailed guide explains everything you need to know to secure a fully funded master’s in Canada, from eligibility requirements to step-by-step application strategies. Whether you are a final-year undergraduate or a parent guiding your child, this post will help you move forward confidently.

Why Canada Is the Perfect Choice for a Fully Funded Master’s

Canada offers more than just beautiful landscapes and a high quality of life. Here’s why it consistently ranks as one of the best countries for higher education:

  • Top-ranked universities such as the University of Toronto, University of British Columbia (UBC), and McGill University.

  • Affordable education when compared with the USA, UK, or Australia.

  • Post-Graduation Work Permit (PGWP) allowing up to three years of work experience after studies.

  • Pathway to Permanent Residency (PR) for those who wish to settle.

  • A safe, multicultural environment ideal for Indian students.

Step 1: Explore Types of Fully Funded Scholarships

Scholarships and funding opportunities are diverse. Understanding these categories will help you target the right programs:

1. Government-Funded Scholarships

  • Vanier Canada Graduate Scholarships – CAD 50,000 per year for three years.

  • Canada Graduate Scholarships – Master’s Program (CGS-M) – CAD 17,500 for one year.

  • Commonwealth Scholarships – Covers tuition, travel, and living expenses.

2. University-Specific Scholarships

  • University of Toronto Graduate Fellowships

  • UBC Graduate Global Leadership Fellowship

  • McGill University International Master’s Scholarships

3. Research or Graduate Assistantships

Professors often fund deserving students through research assistantships or teaching assistantships that cover tuition and provide a monthly stipend.

Check out our guide on [Top Scholarships for Indian Students in Canada] for an expanded list.

Step 2: Check Your Eligibility

Before applying, ensure you meet the key criteria:

  • Strong academic record – typically a minimum of 75–80% or CGPA 7.5/10.

  • English proficiency – IELTS (6.5–7.5) or TOEFL (90+). Some programs also accept Duolingo.

  • Standardized tests – GRE or GMAT for competitive programs like engineering, data science, or MBA.

  • Impressive SOP (Statement of Purpose) highlighting academic and career goals.

  • Strong LORs (Letters of Recommendation) from professors or employers.

Tip: Start preparing for IELTS, GRE, or GMAT at least 6–8 months before your application window.

Step 3: Shortlist the Right Universities and Courses

Choosing the right program is crucial to increasing your chances of full funding.

Top Canadian Universities for Funded Master’s Programs

  • University of Toronto

  • University of British Columbia (UBC)

  • McGill University

  • University of Alberta

  • University of Waterloo

How to Shortlist

  1. Visit university websites and look for “funded master’s” or “international student scholarships.”

  2. Align your research interests with faculty expertise.

  3. Compare tuition fees, deadlines, and scholarship requirements.

Don’t miss our detailed guide on [Affordable Universities in Canada for Indian Students].

Step 4: Prepare Strong Application Documents

A well-prepared application increases your chances of success.

  • Academic transcripts (attested and sealed).

  • IELTS/TOEFL and GRE/GMAT scores (if required).

  • Statement of Purpose (SOP) customized for each university.

  • Letters of Recommendation (LORs) from professors or employers.

  • Resume/CV detailing academic, extracurricular, and professional achievements.

  • Research proposal, if applying for research-based programs.

Pro Tip: Craft a unique SOP for each university to demonstrate genuine interest.

Step 5: Apply for Scholarships and Funding

Here’s a practical step-by-step approach:

  1. Apply for the master’s program first to receive an admission offer.

  2. Check if a separate scholarship application is required. Many universities automatically consider early applicants for funding.

  3. Contact potential supervisors if applying for a research-based program.

  4. Apply for external scholarships like Vanier or Shastri Indo-Canadian Institute where necessary.

Step 6: Receive Offer Letter and Funding Proof

If selected, you’ll get:

  • Letter of Admission from the university.

  • Scholarship or funding confirmation for visa application.

This documentation is essential for your Canada Student Visa (Study Permit).

Step 7: Apply for a Canadian Study Permit

Follow these steps:

  1. Apply online at the IRCC website and pay the CAD 150 fee.

  2. Upload documents – passport, admission letter, scholarship confirmation, financial proof, medical exam, and police clearance.

  3. Submit biometrics (CAD 85).

  4. Wait for approval, which typically takes 4–8 weeks.

Tip: Some students use a Guaranteed Investment Certificate (GIC) to demonstrate financial readiness.

Check out our in-depth [Canada Student Visa Process Guide for Indian Students].

Step 8: Prepare for Your Journey

  • Book tickets 2–3 months in advance.

  • Arrange health insurance (often included in scholarships).

  • Carry printed copies of admission letters, financial proof, and identification.

Cost Comparison: With vs. Without Funding

Expense Category Without Scholarship With Fully Funded Scholarship
Tuition Fees CAD 20,000 – 40,000 ₹0 (covered)
Living Costs CAD 10,000 – 15,000 Covered (if stipend provided)
Health Insurance CAD 800 – 1,500 Often included

A fully funded program can save ₹15–25 lakhs, making Canada an affordable destination for Indian families.

Pro Tips to Increase Your Chances

  • Apply early—most deadlines fall between October and February.

  • Maintain strong grades and build a research profile.

  • Network with professors via email or LinkedIn to secure assistantships.

  • Apply to multiple scholarships—don’t rely on just one.

  • Stay organized with a spreadsheet of deadlines and requirements.

Frequently Asked Questions (FAQ)

Q1. Do I need IELTS or GRE for a fully funded master’s in Canada?
Yes. Most universities require IELTS (6.5–7.5). GRE/GMAT is required for select programs like MBA or Data Science.

Q2. Can I work part-time while on a scholarship?
Yes. Students can work up to 20 hours per week during semesters and full-time during breaks.

Q3. How early should I start my application process?
Begin 12–18 months in advance to meet scholarship and admission deadlines.

Q4. Is it possible to get 100% funding for all expenses?
Yes. Several scholarships and assistantships cover tuition, living expenses, and travel.

Q5. Can I get permanent residency after completing my master’s?
Absolutely. The PGWP allows you to gain work experience, making it easier to apply for Canadian PR.

Final Thoughts and Next Steps

A fully funded master’s in Canada is achievable with strategic planning and timely action. By researching scholarships, preparing key documents early, and connecting with professors, you can study in one of the world’s best education systems without financial stress.

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