University Rankings
by Maclean's
October 7, 2022

Canada's Best Universities by Operating Budget: Rankings 2023

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

(Photo courtesy of Jesse Milns, Toronto Metropolitan University)

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 ($)
UBC118,433
Saskatchewan215,839
Alberta315,497
Toronto414,279
Calgary514,195
Dalhousie614,068
Manitoba713,193
Queen's813,102
McGill912,580
McMaster1012,434
Ottawa1112,427
Western1212,234
Montréal1310,958
Sherbrooke1410,366
Laval159,589

Comprehensive

UniversityRankAmount ($)
Simon Fraser116,466
Memorial215,602
New Brunswick315,275
Victoria413,848
York513,309
Toronto Metropolitan613,048
Wilfrid Laurier713,008
Waterloo811,961
Regina911,867
Brock1011,450
Windsor1111,011
Guelph1210,827
Carleton1310,747
UQAM1410,530
Concordia1510,048

Primarily Undergraduate

UniversityRankAmount ($)
Mount Allison118,499
St. Thomas217,594
UNBC317,449
Moncton416,573
Laurentian516,481
UPEI615,543
St. Francis Xavier714,724
Saint Mary's814,412
Bishop's913,867
Acadia1013,539
Mount Saint Vincent1113,160
Lakehead1213,139
Brandon1312,578
Nipissing1412,538
Lethbridge1512,460
Trent1610,759
Winnipeg1710,735
Cape Breton188,841
Ontario Tech198,412