Finances
It is important to consider all the costs associated with the EMBA investment when selecting your business school. In addition to tuition, it is important to consider other academic expenses you may incur throughout the year.
Tuition Includes:
- Accommodations and most meals during in-person residency
- Course materials and technology licenses
- On-site parking during residency
- Travel during residency
Tuition does not cover transportation to and from residencies (e.g. airfare to/from California), dinners (unless otherwise noted), or additional ancillary fees. Most course materials are provided in digital format.
Cost and Payment
The cost of DeGroote’s EMBA program is $95,335 CAD.*
The first payment is a non-refundable $5,000 deposit, due within ten business days from when you accept your admission offer. The remainder is due in three installments before to the start of Modules 1, 2, and 3. Please see the schedule below for installment dates.
First Installment: July 25, 2023**
Second Installment: January 25, 2024**
Third Installment: April 25, 2024**
*Actual amount is calculated by McMaster Student Accounts and may vary slightly. EMBA students will also be responsible for minor ancillary fees charged by the University not included in the tuition.
**Exact dates will be confirmed.
For information on how to make payments, visit McMaster’s Student Accounts & Cashiers website.
Financial Assistance
Tuition Tax Credit
If you are self-funding, tuition fees for the EMBA in Digital Transformation may be tax deductible. For details please consult the Canada Revenue Agency or your tax professional.
Lifelong Learning Plan
You or your spouse may be eligible to make tax-free withdrawals from your RRSPs (up to $20,000 each) under the Canada Revenue Agency’s Lifelong Learning Plan (LLP). Please visit the LLP website for more information.
Student Line of Credit
Most banks offer student lines of credit with increased limits for professional programs, including Executive MBAs. Contact your financial institution to discuss which options are available to you.
Note: The EMBA in Digital Transformation is not an eligible program for the Study in Canada Scholarship offered by the Canadian Bureau for International Education (CBIE) and Global Affairs Canada (GAC).
OSAP
Students in the EMBA program are not eligible for the Ontario Student Assistance Program (OSAP) nor the William D. Ford Federal Direct Loan (Direct Loan) Program.
Tax Deductions
If you are paying for an employee to attend the EMBA in Digital Transformation, your organization may be eligible for certain tax deductions. Please consult with the Canada Revenue Agency or your accounting department for details and/or eligibility.