The purpose of this paper is to present private and public rates of re
turn to schooling in Canada by level and, for bachelor's degrees, by h
eld of study, The paper is divided into three parts. In the first part
, the analytical framework used is discussed and results of previous s
tudies are reviewed. In the second part, the data and methodology are
described, In the third part, results are presented and analysed, The
results show the importance of completing a minimum level of schooling
(high school), a decrease in rates of return to schooling with an inc
rease in the level of schooling, differences between men, and women, a
nd differences among fields of study.