Canada is one of the most popular study destinations for international students due to its world-class universities, multicultural environment, and excellent post-study work opportunities. However, the cost of studying in Canada—including tuition fees, accommodation, and living expenses—can be high. To support deserving students, many private scholarships in Canada offer monthly stipends that help cover living costs along with tuition assistance.
This article provides a complete guide to the top private scholarships in Canada with monthly stipends, including eligibility criteria, benefits, and application tips.
What Are Private Scholarships in Canada?
Private scholarships are financial awards funded by:
- Private foundations
- Trusts and endowments
- Corporations and businesses
- Philanthropic organizations
- Non-government educational bodies
Unlike government scholarships, private scholarships often focus on merit, leadership, research excellence, community service, or specific fields of study. Many of them provide monthly stipends to support students throughout the academic year.
Why Choose Scholarships with Monthly Stipends?
Scholarships that offer monthly stipends are especially beneficial because they:
- Help cover rent, food, and daily expenses
- Reduce dependence on part-time jobs
- Allow students to focus on academics and research
- Support long-term programs like Master’s and PhD studies
Top Private Scholarships with Monthly Stipend in Canada
1. Pierre Elliott Trudeau Foundation Scholarship
This is one of the most prestigious private scholarships in Canada, aimed at doctoral students.
Benefits:
- Up to CAD 40,000 per year for tuition
- CAD 20,000 per year as a living allowance (monthly support)
- Travel and research funding
Eligible for:
- PhD students
- Social sciences and humanities fields
- Canadian and international students
Why it’s popular:
It focuses on leadership, public engagement, and academic excellence.
2. Vanier Canada Graduate Scholarship (Private–Foundation Supported)
Although supported with public funds, it is strongly backed by private academic partners and institutions.
Benefits:
- CAD 50,000 per year
- Equivalent to a monthly stipend of approx. CAD 4,166
Eligible for:
- Doctoral students
- Health research, natural sciences, engineering, social sciences
Key advantage:
Recognized globally and enhances academic credibility.
3. Ontario Graduate Scholarship (OGS)
OGS is supported by universities and private donors in Ontario.
Benefits:
- CAD 15,000 per year
- Paid in installments (monthly/term-based support)
Eligible for:
- Master’s and PhD students
- Domestic and international students studying in Ontario
Best for:
Students enrolled in research-based graduate programs.
4. Lester B. Pearson International Scholarship (Private University Scholarship)
Funded by the University of Toronto through private donations and endowments.
Benefits:
- Full tuition coverage
- Accommodation support
- Living expenses (monthly allowance)
Eligible for:
- International undergraduate students
- Outstanding academic performance and leadership
Why it stands out:
It covers almost all study-related expenses.
5. UBC International Leader of Tomorrow Award
A private merit-based scholarship offered by the University of British Columbia.
Benefits:
- Tuition assistance
- Living cost support (monthly stipend varies)
- Renewable based on academic performance
Eligible for:
- International undergraduate students
- Demonstrated financial need and leadership
6. Anne Vallee Ecological Fund (AVEF)
A private foundation supporting ecological and animal research.
Benefits:
- CAD 1,500 per month (approx.)
- Additional research support
Eligible for:
- Master’s and PhD students
- Ecology, animal biology, environmental science
Best for:
Students involved in environmental and wildlife research.
7. PEO International Peace Scholarship (for Women)
A private scholarship aimed at supporting international women students.
Benefits:
- Up to CAD 12,500 per year
- Monthly financial assistance
Eligible for:
- Female international students
- Graduate programs (Master’s or PhD)
Focus:
Promoting peace through education.
8. Canada Memorial Scholarship (Private Trust)
Funded by a private trust in memory of Canadian soldiers.
Benefits:
- Full tuition support
- Living allowance (monthly stipend)
- Travel expenses
Eligible for:
- International students (primarily UK but expanding globally)
- Postgraduate programs
Fields Commonly Covered by Private Scholarships
Most private scholarships in Canada focus on:
- Business & Management
- Engineering & Technology
- Health Sciences
- Environmental Studies
- Social Sciences & Humanities
- Artificial Intelligence & Data Science
Eligibility Criteria (General)
Although each scholarship differs, common requirements include:
- Strong academic record
- Admission to a Canadian university
- Leadership or community involvement
- Research proposal (for graduate scholarships)
- English or French language proficiency
How to Apply for Private Scholarships in Canada
- Secure university admission
- Prepare academic transcripts and certificates
- Write a strong Statement of Purpose (SOP)
- Get recommendation letters
- Submit scholarship applications before deadlines
- Prepare for interviews (if required)
Tips to Increase Your Chances
- Apply to multiple scholarships, not just one
- Highlight leadership, volunteer work, and research
- Customize your SOP for each scholarship
- Apply early and track deadlines
- Maintain a strong academic profile
Final Thoughts
Private scholarships with monthly stipends in Canada play a crucial role in making quality education accessible to international students. Whether you are pursuing undergraduate, master’s, or doctoral studies, these scholarships can significantly reduce financial stress and help you focus on academic success.
If you plan strategically, start early, and apply to the right programs, studying in Canada with a monthly stipend is absolutely achievable.