Feature
by Maclean's
October 12, 2023

Canada’s Best Universities by Operating Budget: Rankings 2024

This measure looks at the money available at each school for current expenses compared to the size of the student body

(Photograph courtesy of the University of British Columbia)

These figures show university operating expenditures per full-time-equivalent student. Students are weighted according to their level of study—bachelor, master’s or doctorate—and their program of study.

Medical Doctoral

UniversityRankAmount ($)
UBC119,395
Saskatchewan216,273
Alberta315,411
Dalhousie415,165
Calgary514,810
Toronto614,681
Manitoba713,713
Queen's813,345
McGill913,188
Ottawa1013,042
Western1112,584
McMaster1212,494
Sherbrooke1311,375
Montréal1411,195
Laval159,943

Comprehensive

UniversityRankAmount ($)
Simon Fraser117,741
New Brunswick216,935
Memorial316,464
Victoria415,455
York513,791
Toronto Metropolitan613,135
Regina712,415
Brock812,174
Waterloo912,103
Wilfrid Laurier1012,028
Carleton1111,770
Windsor1211,702
Guelph1311,511
Concordia1410,819
UQAM1510,494

Primarily Undergraduate

UniversityRankAmount ($)
Algoma126,922
UNBC219,602
Mount Allison319,432
St. Thomas418,744
Moncton517,700
Bishop's616,889
UPEI716,287
Saint Mary's815,942
Acadia915,384
St. Francis Xavier1015,278
Lakehead1114,686
Mount Saint Vincent1213,523
Nipissing1313,458
Brandon1413,414
Laurentian1513,326
Lethbridge1612,688
Winnipeg1711,656
Trent1811,038
Cape Breton1910,754
Ontario Tech208,824