Canada’s Degree Costs Can Top $75K

In Canada, post-secondary costs can exceed >$30K yearly once tuition, rent, food, transportation, and books are included, making upfront family planning especially important.
Parents and students benefit from deciding early whether tuition support is a gift or loan, then setting expectations on repayment, interest, and review points.
Many families have saved only ~$20K per child, far below the ~$75K avg. cost of a 4-yr Canadian degree with residence currently.
Education savings accounts can unlock a federal match of ~20%; experts said even small monthly deposits help families start earlier and build confidence.
Contributing $2.5K yearly from birth over 18 yr was presented as enough for a 4-yr program, even with residence and out-of-province costs.