Students > International exchanges – Come study at HEC Montréal > Prepare for your stay in Canada > Establish a budget

Establish a budget

 

Your academic success starts with evaluating your expenses and managing your budget. This table shows the approximate expenses for a term on exchange.

 

Type of expense

Expenses for 4 months

Housing

$4,500 for a shared unit

$3,200 for a room including utilities

Food

$2,000

Public transit

$250

Personal expenses

$1,600

Mandatory health insurance

$396 (one term)

$605 (two terms)

$0 (students with RAMQ coverage)

Immigration process, if applicable

Québec Acceptance Certificate (CAQ): $128

Study permit: $150

Multiple entry temporary resident visa: $100

APPROXIMATE TOTAL

$8,000 to $9,000

Contact us

International Activities and Student Mobility Services
3000, chemin de la Côte-Sainte-Catherine
Rez-de-jardin, bureau RJ.111
Montréal (Québec) H3T 2A7
Canada

Our offices are open Monday through Friday, 9:00 a.m. to 12:00 p.m. and 1:00 p.m. to 4:30 p.m.