Tuition and financing

How to pay your fees – for Canadian students  

There are two ways to fund your tuition:

1. Upfront

If you choose to pay upfront, you’ll receive an invoice for the full course amount from your AIB Course Advisor prior to starting your first subject. This invoice (which also serves as a tax invoice) will outline all current charges and tuition fees on your Student Account and includes a payment due date.  

You can make your upfront payment through the following methods:  

• Credit Card   
• Wire Transfer

Please note that most payment methods have a $30,000 limit per transaction, so multiple transactions will be required to complete the full payment. For detailed instructions and access to this payment option, please visit our Payment Page.   

2. Payment Plan

We’ve partnered with Rotessa to provide a flexible, interest-free payment option for students enrolled in:  

• Graduate Certificate in Management (GCM) – 4 courses: 12-month interest-free payment plan  

• Master of Business Administration (MBA) – 12 courses: 36-month interest-free payment plan  

Our payment plan allows you to spread the cost of your tuition across affordable monthly payments with no added interest, making it easier to manage your finances while you study.  

Key details:  

• Your first monthly debit will not occur until two weeks prior to your first course start date, giving you time to prepare.  

• Payments are withdrawn automatically each month according to your schedule.  

• You must use a chequing, current, or transaction bank account. Credit cards and credit accounts are not accepted.  

Please note: Effective from Term 4.5 2025,  if you are studying concurrently, your monthly payments will be adjusted to reflect your accelerated pace, ensuring you graduate as soon as possible. For each term of concurrent study, you will be required to make two monthly payments, at double your normal rate. 

There are a number of ways to help finance your MBA studies with AIB, beyond government loans and grants. Here are a few additional options you may want to explore:  

1. Withdraw from Your RRSP with the Lifelong Learning Plan (LLP)  

The AIB MBA program qualifies under the Canada Revenue Agency’s Lifelong Learning Plan (LLP), allowing you and/or your spouse or partner to withdraw funds from your Registered Retirement Savings Plan (RRSP) to support your education.  

• You can withdraw up to $10,000 per year, with a lifetime maximum of $20,000, tax-free, as long as repayment terms are met.  

• This can be a great way to invest in your future without incurring immediate tax implications.  
  To learn more about eligibility and how to set up your LLP, visit the Canada Revenue Agency website.  

2. Employer Sponsorship or Reimbursement  

Because the AIB MBA emphasizes practical, work-applied learning, your employer may benefit directly from the skills and knowledge you gain throughout the program.  

• Consider speaking with your manager or HR department about tuition support, reimbursement programs, or professional development funding.  

• Highlight how your MBA will contribute to your role and the organization as a whole.  

3. Tuition Tax Credits  

As a post-secondary student in Canada, you may be eligible to claim a non-refundable tuition tax credit when filing your annual personal tax return to the Canada Revenue Agency (CRA) provided you personally pay for all or part of your tuition.

If you are studying at an educational institution outside of Canada, such as AIB, you must meet specific eligibility requirements and submit the appropriate CRA tax form (TL11A, TL11D or T2202). As an AIB student, you can request the relevant tax form by emailing accounts.receivable@aib.edu.au

Claiming this tax credit may help reduce your overall tax liability for the calendar year in which your tuition was incurred and paid.

To learn more about your Canadian income tax obligations and the potential benefits available to students studying abroad—including details on the required CRA tax forms, please visit the CRA’s dedicated page: Information for Students – Educational Institutions outside Canada.

Please note that the above information is intended as general guidance only and should not be relied upon as professional tax advice. You are strongly encouraged to seek independent advice tailored to your personal financial situation.

For further details on payment options, available student support, and the tools and resources designed to assist you throughout your AIB journey, we recommend visiting our Student Handbook, accessible via the AIB main website.