MScSM | Fees & Living Expenses


Tuition Fee Schedules (domestic and international) are deteremined by the Office of the Vice-President and Provost at the  University of Toronto.

Fees are managed by the Student Accounts Office. They are responsible for tuition and ancillary fees, processing payments, issuing refunds, and applying service charges.

2019-2020 Academic year

The tuition and ancillary fees for the 2019-202 academic year will be available in June or July 2019. Please refer to the Office of the Vice-President and Provost at U of T. Please refer below to the current fees that students who began the program in September 2019:

2018-2019 Academic year

The annual fees for students who will begin the program in September 2019 will be posted in mid July 2019, once they are confirmed with the UofT Provost Office.

The following can be used as a guideline only (expect fees for 2019 and 2020 to increase):

  • Domestic students tuition fee (2018) - $18,760.00
    • Plus University incidental fees $2,018.00
    • for a Total for 2018-2019 year: $20,778.00 PER YEAR
  • International students tuition fee (2018)- $31,190.00
    • Plus University incidental fees $2,018.00
    • Plus mandatory Health Insurance fee $612
    • for a Total for International students in 2018-2019 year: $33,821.00 PER YEAR

Please note:

  • The tuition and incidental fees stated are annual (per year) fees. As this is a two-year program, fees stated would be times 2 years (for example, domestic tuition would be approximately $20,778 x 2 years = $41,556.00; International fees would be approximately $33,821 x 2 years = $67,642.00).
  • The annual tuition and incidental fees are set by the University of Toronto Provost Office and are subject to change each year.
  • All amounts are shown in Canadian dollars.
  • For the most recent tuition information, please see the Provost web site at the following link (updated information available in early summer (usually early July) of each year:

Textbooks and other materials

Students are expected to purchase all required couse textbooks and case studies. The annual cost is estimated at $1,500.

Living Expenses

Living expenses are dependent upon where students live; on campus or off campus; sharing with roommate(s); living at home; living in Mississauga or in Toronto. However, the estimated living expenses are $2,000 per month x 20 months = $40,000.00. This takes into consideration: housing (rent), food, transportation, cell phone, internet connection, personal items, and so on.

Financing your Graduate Education

The MScSM program offers a few one-time Entrance Scholarships each year of up to $2,000, awarded to students (open to both domestic and international students) with the highest GPAs upon entrance to the program. Accepted students do not need to apply for this scholarship; they are automatically considered once they accept our offer. The scholarship appears as a credit on the students' tuition account, in mid to late September in their first year (once a student is registered and has started the program).

The MScSM Program is a professional course-based full-time graduate program with a co-op term and does not offer any funding or scholarships. AT University of Toronto, full or partial scholarship funding is generally only available for research-based programs only, not our MScSM Program.


Scotiabank Professional Student Plan

The Scotiabank and the University of Toronto have proposed a Professional Student Loan Plan for University of Toronto students enrolled in a professional program. Further information is available.

Federal or Provincial Loan Programs

Domestic students may be eligible for federal Government Student Loans/Grants.

In addition, there may be provincial funds available in a student's home province.

The MScSM Program and UofT cannot guarantee that applicants will receive funding or loans from any institution/bank/government agency.

IMI Professional Masters Student Aid Program

The institute for Management & Innovation has a grant program for domestic students that apply and qualify for provincial student financial aid and have an unmet financial need as determined by their financial aid application.  Please see the IMI website  for further information.


International students must seek funding from their home countries.

University of Toronto School of Graduate Studies (SGS) offers some International Student Awards. Students Please refer to their website.

International students can contact the Centre for International Experience at the main U of Toronto St George campus or the International Centre at the Mississauga campus for assistance.

Other Financing Options

Please remember that MScSM has a summer co-op work term and most positions are paid. This may assist students with funding their education (pay is dependent on position/company/length of contract, usually at least 10 weeks).

In addition, some graduate students supplement their academic year income by securing a Teaching Assistant (TA) or Research Assistant (RA) position. Graduate students are welcome to apply to any TA / RA position that they qualify for - for example, graduate students with an undergrad major in Chemistry, can apply to any TA / RA undergrad course posting in Chemistry or other science-related program. Graduate students with an undergrad in Commerce, can apply to undergrad Commerce or Business course TA posting. Please note that the hiring decision rests entirely with the hiring professors' preference and department and not with MScSM.

For other funding options, for both domestic and international students, please refer to University of Toronto's School of Graduate Studies (SGS):

More Financial Aid and Advising information is also available at SGS.