Financing
The fee for Queen’s MBA for Business Graduates is an all-inclusive fee of $71,000, covering tuition, books, all learning materials, as well as meals and accommodation during the residential sessions held at Queen’s. The fee also includes all the software required for the program and in-house technical support.
An initial deposit of $2,000 (non-refundable) is required upon enrollment. The balance is paid in two installments – one just prior to the start of the program, and one mid-way through the program.
Fee Components
| Component | $CDN |
|---|---|
| Tuition | $61,688 |
| Books and Materials | $2,300 |
| Residential Sessions | $7,012 |
| Total | $71,000 |
Fee Schedule
| Installment | Due Date | $CDN |
|---|---|---|
| Deposit | Upon Enrollment | $2,000 |
| First | January 1, 2013 | $33,500 |
| Second | May 1, 2013 | $35,500 |
| Total | $71,000 | |
Personal Income Tax Treatment of Tuition Fees
Queen’s MBA for Business Graduates participants who pay all or part of the program fee personally are eligible to claim a tuition tax credit. Typically, tax savings are equivalent to 25% of the eligible tuition fee.
For more information, ask a professional income tax advisor to give you an assessment of the full impact of fees on your personal income tax situation.
RRSP Withdrawals
You and your spouse may be eligible to make tax-free withdrawals from your RRSPs of up to $20,000 each over two years to help fund your education. Please contact your income tax advisor for details.
Corporate Sponsorship
Sponsoring an employee in Queen’s MBA for Business Graduates is a wise and cost-effective business decision for most organizations, since they’ll be adding to the skill set of their most promising managers.
To help you seek support from your organization, we’ve created a downloadable brochure entitled Queen’s Accelerated MBA for Business Graduates – The Case for Sponsorship.
Academic Scholarships
Queen’s is pleased to offer a limited number of scholarships to outstanding applicants. Please speak to an Application Advisor for more details.
RBC Royal Credit Line for Students
Canadian citizens and permanent residents of Canada may apply for a loan with RBC Royal Bank to cover their tuition and educational expenses while pursuing their MBA.
Note: Acceptance to the Queen’s AMBA program does not guarantee or imply qualification for financing from RBC Royal Bank.
Secure Loan Pre-Approval Now
It is a good idea to submit your loan application the same time as your Queen’s MBA application. While loan approval does not guarantee acceptance into Queen’s MBA, submitting your application early will save you time, and ultimately peace of mind.
Printable loan application forms may be downloaded here.
If you have any questions regarding the loan application or the financing program in general, please contact Michael Vieira at (613) 985-5991or by e-mail: michael.vieira@rbc.com

