Congratulations dude, I am really glad to hear this.
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So I'm not very sure, how much does it stand reducing the tuition fee
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Well, the International Masters Student Award would reduce your tuition fee so that it would be as the tuition of Canadian Students. Then you would pay for the tuition using David R. Cheriton scholarship. This leaves you with 26k that you earned from TA/RA which would definitely cover all your life expenses.
BTW, Did they mention any deadline for Accepting/Declining the offer? since I am still waiting to hear from them