Canada is widely recognized as one of the best countries in the world for higher education, offering top-notch academic programs across various disciplines including commerce and business. For students interested in business and commerce, there are many excellent universities to choose from. Combined with the stable and prosperous economy of Canada, the country has become a great place for commerce graduates to thrive.
Commerce education is highly valued in Canada, and many universities offer specialized programs in various fields of commerce. Common commerce degrees offered in Canada include the highly popular Bachelor of Commerce degree with a concentration in fields such as Accounting, Finance, Marketing, etc. Although at the master’s level purely commerce degrees are not offered that commonly.
There are many world-class universities in Canada, offering commerce courses. With so many options, it can be difficult to determine which universities offer the best programs, faculty expertise, and career prospects. In this article, we will take a closer look at some of the best commerce universities in Canada, which offer a wide range of undergraduate and graduate programs in commerce, accounting, and related fields.
Overview of Commerce Programs in Canada
| No of Universities | 15+ |
| No of Programs | 50+ |
| Degree types offered | Bcom, BBA, BA, Mcom, MAccFin, etc. |
| Average Annual Tuition Fees | Bachelor’s – 30,000 – 65,000 CAD
Master’s – 30,000 – 45,000 CAD |
Why Study Commerce Courses in Canada?
Strong economy: Canada’s strong and stable economy creates ample opportunities for commerce graduates to pursue successful careers in various industries.
High-quality education: Canadian universities offer world-class education in commerce and business, with highly respected programs and renowned faculty members.
Wide selection of universities: There are over 15 world-class universities in Canada, offering commerce courses. Examples include the University of Toronto, the University of British Columbia, McGill University, the University of Manitoba, etc.
Multicultural society: Canada is known for its diverse and multicultural society, which creates a welcoming and inclusive environment for international students studying commerce.
International recognition: Canadian universities and their commerce programs are highly regarded globally, which can benefit graduates seeking employment opportunities in other countries.
Industry connections: Canadian universities often have strong connections to industry leaders, which can lead to internship and job opportunities for students and graduates.
Best Universities Offering Commerce Programs in Canada
Mentioned below are some of the top-ranked Canadian universities offering commerce programs at the undergraduate and graduate levels. Keep reading to discover the commerce courses offered in Canada, their tuition fees, admission requirements, and application deadlines. Please note that the admission requirements mentioned are minimum requirements only and meeting these does not guarantee admission. Students that are usually granted admission to top commerce universities in Canada usually have exceptional academic records.
University of Toronto
| Programs offered | Admission Requirements | Annual Tuition fees | Application Deadline |
| Bachelor of Commerce | Secondary School Certificate with above 70 percent.
Prerequisites – Grade 12 level English, Calculus and Advanced Functions. |
60,510 CAD | January 12, 2024 |
| Bcom with specialization (Accounting, Economics, Finance, Marketing.) | |||
| Honours BA in Commerce | |||
| Bcom in Finance and Economics | |||
| Masters in Accounting and Finance | A bachelor’s degree with a specialization in accounting or equivalent with a minimum GPA of 3.0 (out of 4.0) | 41,550 CAD | January 31, 2024 |
Dalhousie University
| Programs offered | Admission Requirements | Annual Tuition fees | Application Deadline |
| Bachelor of Commerce (Co-op) | Minimum overall average of 75% in higher secondary level education.
Subjects required: Academic English 12, Academic Math 12, and Three additional academic subjects. |
35,300 CAD | April 1, 2023 |
| Bachelor of Commerce Co-op (with specializations in International Business, Accounting, Finance, Marketing, Entrepreneurship) | |||
| Master of Electronic Commerce | Four-year Bachelor’s degree
Minimum GPA of 3.0 (B average) out of 4.0 in the last year of undergraduate study. |
11,469 CAD | April 1, 2023 |
University of British Columbia
| Programs offered | Program Specific Admission Requirements | Annual Tuition fees | Application Deadline |
| Bachelor of Commerce | Grade 12 level Mathematics. | 58,184 CAD | January 15 2024 |
McGill University
| Programs offered | Admission Requirements | Annual Tuition fees | Application Deadline |
| Bachelor of Commerce | Minimum 75-85% in grade 12 or 36 IB Diploma points.
Successful completion of specific prerequisite courses, which include Mathematics (calculus) and English. |
63,693 CAD | January 15, 2024 |
| BCom with a concentration (Accounting, Mathematics, International Business, Strategic Management, Organizational Behavior, Marketing) |
University of Alberta
| Programs offered | Admission Requirements | Annual Tuition fees | Application Deadline |
| Bachelor of Commerce (Accounting, Economics and Law, Management, Finance) | Minimum overall average of 75% in higher secondary level education.
English Language and Mathematics. |
37,842 | May 31, 2023 |
McMaster University
| Programs offered | Admission Requirements | Annual Tuition fees | Application Deadline |
| Bachelor of Commerce | Higher Secondary School Certificate.
Prerequisites – Grade 12 level English, Calculus, etc. |
44,503 CAD | January 12, 2023 |
| Bachelor of Commerce, Integrated Business and Humanities (Honours) | 48,105 CAD |
University of Calgary
| Programs offered | Admission Requirements | Annual Tuition fees | Application Deadline |
| Bachelor of Commerce (Hons) | Higher Secondary School Certificate with Grade 12 level English, Calculus, etc.
Interview (Online or in-person) |
27,898 CAD | March 31 |
| Bachelor of Commerce with concentration (Accounting, Finance, Marketing, Operations Management, Supply Chain Management, Business Analytics) |
York University
| Programs offered | Admission Requirements | Annual Tuition fees | Application Deadline |
| Honors Bachelor in Commerce with specialization (Accounting, Finance, Management, Technology Management, Human resources management) | Higher Secondary School Certificate with minimum 60 percent.
Grade 12 Mathematics and English. Completion of supplementary application forms. |
35,997 CAD | April 1, 2023 |
| Bachelor of Commerce |
University of Manitoba
| Programs offered | Admission Requirements | Annual Tuition fees | Application Deadline |
| Bachelor of Commerce (Hons.) | Higher Secondary School certificate with a minimum overall of 60 percent.
Prerequisites: English and pre-calculus mathematics. |
21,480 CAD | March 1 |
| Bcom (Hons.) – International Business | |||
| Bcom (Hons.) – Indigenous business studies |
Cost of Studying Commerce Courses in Canada
The cost of studying commerce courses in Canada varies depending on the type of institution, degree type, level of study, etc. However, on average, at the bachelor’s level the tuition fees for a year ranges from 30,000 CAD to 65,000 CAD, whereas at the master’s level, the fees range from 30,000 CAD – 45,000 CAD. Additionally, the living expenses in Canada typically range from 15,000 CAD to 20,000 CAD, depending on the type of accommodation, city of residence, lifestyle, etc.
Here are some of the primary monthly expenses in Canada:
| Expense Type | Monthly Expense |
| Accommodation | 400 – 600 CAD |
| Food | 200 – 300 CAD |
| Transportation | 100 – 150 CAD |
| Utilities (Internet, Phone, etc) | 50 – 100 CAD |
| Misc. | 100 – 150 CAD |
Most pursue part-time jobs while studying in Canada to offset living expenses and other costs. There are many popular part-time jobs opted for by students in Canada.
Job Opportunities for Commerce Graduates
Commerce graduates hold highly paid positions across industries in Canada. They find work in various fields in positions such as Finance, Accounting, Marketing, Operations management, etc.
Here are some of the most common job roles taken up by commerce graduates in Canada and their average annual salaries according to glassdoor.com.
| Job Role | Average Annual Salary |
| Accountant | 59,222 CAD |
| Financial Analyst | 66,978 CAD |
| Marketing Manager | 77,966 CAD |
| Business Development Manager | 74,132 CAD |
| Financial Controller | 119,000 CAD |
| Investment Banker | 92,856 CAD |
Conclusion
In conclusion, Canada is home to some of the best commerce universities in the world, with a long-standing reputation for producing top-tier commerce graduates. Whether you’re interested in accounting, finance, marketing, or another aspect of business, there are ample programs offered in Canada. These universities offer state-of-the-art facilities, experienced faculty, and a vibrant campus community that provides ample opportunities for networking and professional development.
When selecting a commerce university in Canada, it’s highly important to consider factors such as program offerings, location, campus culture, and job placement rates. By doing your research and choosing a university that aligns with your goals and interests, you’ll be well on your way to a successful career in the business world. For more information, book a free call with our admission experts.