Looking to study in Canada for free (or close to it)? You’re not alone. With its globally ranked universities, safe cities, and student-friendly immigration policies, Canada continues to attract thousands of international students every year. But let’s be honest—tuition and living costs can add up quickly.

Luckily, many top Canadian universities offer generous scholarships to help talented students from around the world turn their dream of studying abroad into reality. In this guide, we’ll walk you through the best universities in Canada with high-paying scholarships and how to make your application stand out.

Why Canada Is a Top Destination for Higher Education

If you're still on the fence, here’s why students love Canada:

• Globally recognized degrees from world-class institutions
• Post-graduation work permits and pathways to permanent residency
• A multicultural, inclusive environment (hello, maple syrup and Diwali celebrations!)
• High quality of life and safe, welcoming cities
• Generous fully funded and partially funded scholarships for international students

And yes—you can work part-time while studying, easing that financial pressure even more.

Top 7 Canadian Universities with the Most Generous Scholarships in 2025

Here’s a closer look at the best Canadian universities for international students with scholarships, ranked for their scholarship value, prestige, and global recognition.

1. University of Toronto (U of T)

📍 Location: Toronto, Ontario

The University of Toronto is a global powerhouse, ranked among the top 25 universities in the world. It also offers some of the most prestigious scholarships in Canada.

Top Scholarships:

• Lester B. Pearson International Scholarship – Fully funded: covers tuition, books, incidental fees, and full residence for 4 years.
• U of T International Scholar Award – Partial tuition waiver.

Eligibility: High academic performance, leadership potential, and active community involvement.

2. University of British Columbia (UBC)

📍 Location: Vancouver, British Columbia

UBC is famous not just for its ocean-and-mountain backdrop but also for its commitment to educational equity through high-value scholarships.

Top Scholarships:

• Karen McKellin International Leader of Tomorrow Award – Fully funded.
• Outstanding International Student (OIS) Award – Partial, merit-based.

Eligibility: Academic excellence, demonstrated leadership, and financial need.

3. McGill University

📍 Location: Montreal, Quebec

McGill consistently ranks as one of Canada’s Ivy League equivalents. Its scholarships attract brilliant minds from around the globe.

Top Scholarships:

• Entrance Scholarships – Valued between $3,000 and $12,000.
• In-Course Financial Aid – For students who demonstrate need after enrollment.

Eligibility: Strong academic record and demonstrated financial need.

4. University of Alberta

📍 Location: Edmonton, Alberta

This research-driven university is a gem for STEM, business, and health science students, and it backs up its reputation with high-dollar scholarships.

Top Scholarships:

• President’s International Distinction Scholarship – Worth up to $120,000 over four years.
• International Student Scholarship – Up to $9,000 based on merit.

Eligibility: Exceptional academic performance and a strong overall application.

5. Simon Fraser University (SFU)

📍 Location: Burnaby, British Columbia

SFU combines innovation with affordability, offering several bursaries and merit awards for international students.

Top Scholarships:

• Undergraduate Scholars Entrance Scholarship – Up to $20,000.
• International Undergraduate Student Bursary – Based on financial need.

Eligibility: High grades and proven financial need.

6. University of Waterloo

📍 Location: Waterloo, Ontario

Waterloo is a tech and innovation hub, best known for its co-op programs and support for research-based graduate scholarships.

Top Scholarships:

• International Master’s and Doctoral Awards – For research-focused grad students.
• Entrance Scholarships – Merit-based awards for undergrads.

Eligibility: Strong academic record and program-specific qualifications.

7. York University

📍 Location: Toronto, Ontario

York has emerged as a top choice for global scholars due to its competitive and long-term scholarship packages.

Top Scholarships:

• Global Leader of Tomorrow Award – $20,000/year for four years.
• International Entrance Scholarship of Distinction – $35,000/year for four years.

Eligibility: Academic excellence and proven leadership potential.

Comparison Table: Scholarships at Top Canadian Universities

UniversityTop Scholarship(s)Max ValueUniversity of TorontoLester B. Pearson ScholarshipFully funded (4 yrs)University of British ColumbiaKaren McKellin Leader of TomorrowFully fundedMcGill UniversityEntrance ScholarshipsUp to $12,000University of AlbertaPresident’s Int'l Distinction Scholarship$120,000 over 4 yrsSimon Fraser UniversityEntrance ScholarshipsUp to $20,000University of WaterlooMaster's & Doctoral AwardsVaries by programYork UniversityInt’l Entrance Scholarship of Distinction$140,000 over 4 yrs

Why These Scholarships Are a Game-Changer

Here’s what you gain by securing one of these scholarships:

• 💰 Lower out-of-pocket costs (some even cover full tuition + living expenses)
• 🧠 Access to top-tier education without financial stress
• 🌎 Build a global professional network
• 🧳 Post-graduate job and immigration opportunities

How to Apply for Canadian Scholarships as an International Student

Getting a scholarship in Canada is competitive—but absolutely doable. Here’s your checklist:

1. Start Early

Apply 8–12 months before your intended intake. Deadlines usually fall between December and March.

2. Understand the Requirements

Each scholarship has unique eligibility criteria. Some are merit-based, others are need-based, or a mix.

3. Prepare Strong Documents

Craft compelling personal essays, academic transcripts, letters of recommendation, and proof of financial need (if applicable).

4. Apply to the University First

Most scholarships require you to have an offer of admission before applying.

5. Stay Organized

Track deadlines, check email regularly, and respond to any university communication promptly.

FAQs: Scholarships in Canada for International Students

Q1: Can I get a fully funded scholarship in Canada? Absolutely. U of T’s Lester B. Pearson and UBC’s Karen McKellin awards are 100% fully funded.

Q2: Are scholarships in Canada only for high achievers? Nope. Some are need-based or focused on leadership and community service.

Q3: Do I need a high GPA to qualify? Yes, usually. But a strong extracurricular profile and essays can give you an edge.

Q4: Can I work while studying in Canada? Yes! You can work up to 20 hours per week during semesters and full-time during breaks.

Q5: What's the average cost of living in Canada? Expect to spend between CAD $10,000–$15,000/year on housing, food, and transportation.

Final Thoughts: Your Path to Studying in Canada with Scholarships

If you're serious about studying in Canada, don't let tuition fees hold you back. With so many scholarship opportunities at Canada’s top universities, there's never been a better time to apply.

From full-ride scholarships to partial funding, there’s something for every driven student. So start early, plan smart, and prepare like a pro. Your future in Canada could come fully funded.