photo courtesy of the university of british columbia, photo by paul h joseph
Canada’s Best Universities in 2025 by Operating Budget
This measure looks at the money available at each school for current expenses compared to the size of the student body
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
| University | Rank | Amount ($) |
|---|---|---|
| UBC | 1 | 19,925 |
| Saskatchewan | 2 | 16,737 |
| Dalhousie | 3 | 15,770 |
| Toronto | 4 | 15,435 |
| Alberta | 5 | 15,376 |
| Manitoba | 6 | 14,958 |
| Calgary | 7 | 14,691 |
| McGill | 8 | 14,252 |
| Queen's | 9 | 13,588 |
| Ottawa | 10 | 13,521 |
| Western | 11 | 13,506 |
| McMaster | 12 | 12,757 |
| Sherbrooke | 13 | 12,149 |
| Montréal | 14 | 11,634 |
| Laval | 15 | 10,257 |
COMPREHENSIVE
| University | Rank | Amount ($) |
|---|---|---|
| Simon Fraser | 1 | 18,945 |
| New Brunswick | 2 | 16,611 |
| Memorial | 3 | 16,583 |
| Victoria | 4 | 15,727 |
| York | 5 | 14,758 |
| Toronto Metropolitan | 6 | 13,973 |
| Regina | 7 | 13,378 |
| Brock | 8 | 13,032 |
| Wilfrid Laurier | 9 | 12,859 |
| Waterloo | 10 | 12,810 |
| Carleton | 11 | 12,375 |
| Guelph | 12 | 12,107 |
| Concordia | 13 | 11,856 |
| Windsor | 14 | 11,747 |
| UQAM | 15 | 11,630 |
PRIMARILY UNDERGRADUATE
| University | Rank | Amount ($) |
|---|---|---|
| Algoma | 1 | 28,046 |
| Mount Allison | 2 | 20,969 |
| St. Thomas | 3 | 20,590 |
| UNBC | 4 | 19,839 |
| Bishop's | 5 | 19,183 |
| Moncton | 6 | 18,267 |
| UPEI | 7 | 17,151 |
| St. Francis Xavier | 8 | 17,131 |
| Acadia | 9 | 16,473 |
| Saint Mary's | 10 | 15,814 |
| Cape Breton | 11 | 14,577 |
| Brandon | 12 | 13,932 |
| Mount Saint Vincent | 13 | 13,270 |
| Nipissing | 14 | 12,820 |
| Lethbridge | 15 | 12,540 |
| Winnipeg | 16 | 12,314 |
| Lakehead | 17 | 12,142 |
| Laurentian | 18 | 11,715 |
| Trent | 19 | 10,961 |
| Ontario Tech | 20 | 9,189 |
