As part of the admission offer, financial assistance from the University of Waterloo may be promised in the form of research or teaching assistantships and, in the case of visa students who are subject to higher tuition fees, in the form of scholarships such as University of Waterloo Graduate Student International Awards. A decision is made on the type and level of assistance when applications are evaluated. Further information is provided on the Introduction page.
Some types of funding are not promised on admission but may be awarded to students as they progress through the program. These include: a discetionary budget provided each term by the Faculty of Arts, which is used to fund UW Merit Scholarships (3 terms) and UW Graduate Scholarships (one term); the Provost's / Faculty of Arts Doctoral Fellowship for Women; and, at the dissertation stage, the John Waterhouse PhD Scholarship Endowment Fund. No application is required for these funding sources.
In addition, students are encouraged to apply to the external sources of funds described below. Note that many scholarships require an application in October or November for an award which begins in September of the following year, so students thinking about entering the PhD program should act quickly.
Ontario Graduate Scholarship Program
The deadline for application is in October or November of the preceding year. This award is for $15,000 per year and can be held for up to 4 years. Applicants need not be residents of Ontario; even holders of student visas can apply, but only a restricted number of awards are available for this category. No previous graduate-level training is required to apply, so it is possible to receive an award for the first year of a PhD program. Recipients of OGS awards may also hold other awards for up to a maximum of $10,000 per year, as well as research assistantships and teaching assistantships provided the recipient is still classified as a full-time student.
According to the Ontario government, the CA, CMA and CGA funding described below can be held in addition to OGS. The reason is that such funding is in the form of a loan and hence is not considered to be an award. On the other hand, a student could not hold both a SSHRC award and an OGS award because of the $10,000 limit on other awards.
The University of Waterloo supplements Ontario Graduate Scholarships by providing the recipient with up to $10,000 of additional funds in the form of a President's Graduate Scholarship.
Click here for more information about the OGS.
Social Sciences and Humanities Research Council of Canada (SSHRC) Doctoral Awards
The application deadline is November 15 of the year before the award is to start. Among our PhD graduates, Thomas Matthews, Suzanne Paquette, and Sandy Hilton have received support from this source. Only Canadian citizens and permanent residents of Canada can apply; holders of student visas are not eligible. A student can hold a SSHRC award as well as other awards from universities, provincial governments and private organizations, in addition to teaching assistantships and research assistantships.
There are two types of SSHRC awards, both of which use the same application form: CGS Doctoral Scholarships, which are for $35,000 per year for up to 3 years; and SSHRC Doctoral Fellowships, which are for $20,000 per year for up to 4 years.
A student can apply for the SSHRC Doctoral Fellowships in any year, as long as he or she has already started graduate studies. However, a student can only apply for the CGS Doctoral Scholarships at certain stages of their education:
The University of Waterloo supplements both types of SSHRC awards by providing the recipient with up to $10,000 of additional funds in the form of a President's Graduate Scholarship.
Click here for more information about SSHRC awards.
Chartered Professional Accountants of Ontario Member Fee Reduction
PhD students in our program who are Ontario CAs qualify for a 100% reduction of their fees for Institute membership. Students at both the course work stage and the thesis stage of the program are eligible. Although the Institute encourages students to apply by April 15, later applications are often accepted.
The official rules state that in order to qualify for the fee reduction for the Institute's year of March 1 to February 28, a student must be enrolled at the University full time for at least 7 months during that period. Although this would technically disqualify first-year students, the rules are interpreted to allow their eligibility.
The Institutes of other provinces generally have some type of fee reduction for full-time university attendance, so students who are CAs from other provinces may wish to check with their Institute.
Click here for more information.
Chartered Professional Accountants of Ontario Doctoral Studies Support Program
Started in 1978, the goal of ICAO's Doctoral Studies Support Program is to increase the supply of well-qualified full-time accounting faculty in Ontario universities. To date, some 39 supported candidates have obtained their PhD - with 20 teaching full-time in Ontario universities. Many people associated with the University of Waterloo have received support from this program with the number of supported students rising in recent years. Every CA admitted to our PhD program should apply for this funding.
The Institute will provide forgivable loans to a maximum of $15,000 per annum for three years. As a guideline, for each $15,000 awarded, the candidate will be required to teach in Ontario one academic year in order for that amount of loan to be forgiven.
Note that this award has been given to both PhD students from Ontario and students from outside the province.
Completed applications should reach the Institute by January 31st for support commencing in the fall of that year.
Click here for more information.
Chartered Professional Accountants Outside Ontario
Programs similar to the Ontario one operate in British Columbia, Alberta and Quebec. Quebec’s funding amount is $10,000. Students from other provinces may wish to consult their local Institute to see if similar funding can be provided. For example, one of our graduates, Jeff Pittman, received support from the Newfoundland Institute.