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The annual funding package for graduate students (PhD 1 to PhD 4 and MSc 1 to 1.5) is valued at $26,500. This may consist of one or more of external scholarships, graduate fellowships, stipends from research grants, and salary from employment such as teaching assistantships.
Since the Fall 2022 semester, graduate students in the thesis-based programs (MSc and PhD) have been receiving a stipend to pay for tuition and fees and cover some living expenses during their graduate studies. The minimum stipend amount that is required for all new students starting in Fall 2024 will be $25,000/year.
degree is 4-5 years, depending on the thesis project and field of study.
Institutions commonly offer stipends to researchers to allow them to focus on their projects without the distractions of a full-time or part-time job. Similar to grants, third-party interests may provide these stipends because of their interest in seeing the advancement of the specific research.
Most of the time the answer is yes. PhD programs that dont offer some form of compensation, like stipends, tuition remission or assistantships, are rare but they do exist. On the other hand, some programs, like a PhD in Economics, are so competitive that unpaid programs are virtually unheard of.

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This means they are provided a base stipend, which for the 2023-2024 academic year is $22,500 (M.Sc.) or $23,000 (Ph. D.) plus tuition and fees. Domestic students receive a total of approximately $30,894 (M.Sc.) or $31,214 (Ph.
A student stipend is defined as support paid to a student from a professors/supervisors research funds which will assist the student in qualifying for a degree or other scholastic recognition in the field in which the research is being carried on. Related effort may include research collaboration with the
Students in Ph. D. and thesis-based Masters programs are generally supported by McGill funding (fellowships and assistantships) as well as external funding (grants, research stipends, and fellowships administered by provincial and federal governments or other agencies).

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