Program Fees
| Payment Type | Due Date | Domestic | International |
|---|---|---|---|
| Deposit | Upon Acceptance | $5,000** | $5,000** |
| 1st Installment | Jan 1, 2025 | $11,334 | $22,797 |
| 2nd Installment | May 1, 2025 | $16,333 | $27,796 |
| 3rd Installment | Sept 1, 2025 | $16,333 | $27,796 |
| Total | | $49,000 | $83,389 |
Fee schedule is subject to change.
Travel Costs
Students are responsible for all travel arrangements, costs, and meeting any travel requirements.
Onsite Session Costs
Accommodation is included for the opening onsite session in Toronto and for the second onsite session in Kingston. Some meals for onsite sessions are included in program fees.
All figures in CAD.
International students may be required to purchase the University Health Insurance Plan (UHIP) if they cannot provide evidence of equivalent coverage.
A person is classified as a domestic student if they have Canadian citizenship, landed immigrant status, permanent resident status or dual Canadian citizenship.
Fees are subject to final approval of Queen’s Board of Trustees and Ontario Ministry of Training, Colleges and Universities.
The MFIT program is not eligible for OSAP funding. We understand the importance of clear financial information, and we're sharing this to avoid any future confusion or frustration. Please take this into consideration while planning your finances for the program.
**Non-refundable
Financing
Smith School of Business has partnered with RBC to offer a student line of credit tailored to your needs. We recommend you reach out to one of the contacts below, as they are familiar with our program and your financing needs.
Alternatively, please contact the RBC Advice Centre at 1-800-769-2511 or visit your local RBC branch to speak to an advisor.
Canadian citizens and permanent residents of Canada only. Acceptance to the program does not guarantee or imply qualification for financing.
RBC Contacts
Suzanne Doherty
suzanne.doherty@rbc.com
1.613.544.5640
Afsheen Asif
afsheen.asif@rbc.com
1.613.545.5746
Gillian Reynard
gillian.reynard@rbc.com
1.613.389.4922
MPOWER Financing offers loans to international students. To learn more or to start an application go to the MPOWER Financing website.
Questions? mpower.me@mpowerfinancing.com
Prodigy Finance broadens access to education for international students through study loans that don't require co-signers, collateral, or a credit history. To learn more or to start an application, visit Prodigy Finance.
Note: Acceptance to a program does not guarantee or imply qualification for financing.
Participants who pay all or part of the program fees personally are eligible to claim a tuition tax credit on the tuition portion of the fees. For more information, ask a professional income tax advisor to give you an assessment of the impact of your tuition on your personal tax situation.
You and/or your spouse may be eligible to make tax-free withdrawals from your RRSP's to help fund your education. This program is considered full-time and is eligible for withdrawals under the LLP. Please contact your income tax advisor for details.
Eligible employers can get government funding to help employees access training opportunities. For more information visit the website.
Download the tuition breakdown (PDF) for the class of 2022.
Scholarships
Smith's MFIT program is recognized by the Vector Institute for Artificial Intelligence as delivering a curriculum that equips its graduates with the skills and competencies sought by industry. All students meet eligibility requirements to apply for Vector Institute Scholarships valued at $17,500.
Smith School of Business is pleased to offer Dean's Entrance Scholarships to applicants on the basis of outstanding academic and professional achievements.
$10,000 scholarship awarded annually to 1 student entering the MFIT program. Given to an equity-deserving Canadian candidate who self-identifies as Black and demonstrates academic excellence, community involvement, and proven leadership experience. To be eligible, candidates must have either Canadian citizenship or Canadian Permanent Residency status. This scholarship is merit-based and will be awarded on the basis of an applicant’s essay submission, as well as the overall strength of their application profile. Selection will be made by a Smith EDII Scholarship Committee.
Essay submission deadline is October 15th. Please contact our Recruitment & Admissions team for more information.
$10,000 scholarship awarded annually to 1 student entering the MFIT program. Given to an equity-deserving candidate who is Indigenous-identified and demonstrates academic excellence, community involvement, and proven leadership experience. This scholarship is merit-based will be awarded on the basis of an applicant’s essay submission, as well as the overall strength of their application profile. Selection will be made by a Smith EDII Scholarship Committee.
Essay submission deadline is October 15th. Please contact our Recruitment & Admissions team for more information.