Bursaries are awards based on "demonstrated need," or the amount of financial support deemed necessary to make TCS financially possible for a family. Any family who feels that they are unable to afford the full cost of tuition is encouraged to indicate their wish to explore financial assistance on the Online Application or the Online Inquiry Form. This will prompt a financial review by Financial Aid for School Tuition (FAST) from Independent School Management (ISM), which is required in order to be considered for a bursary. Bursary awards can be generous, however, award size is typically capped at 50% of annual tuition for both Senior School and Junior School students. For more information visit the bursaries page.

Scholarships are awarded based on "merit" or ability. Requirements for scholarships are typically highly specific, with an additional application process, and can be competitive as there will usually only be one recipient per scholarship. Scholarships can be very generous, offering full tuition or, in some cases, awards over and above the cost of tuition. The scholarships offered each year will vary, for a full list of the scholarships offered for the upcoming school year and associated requirements, please visit the scholarships page.

Bursaries and scholarships are made possible through the generosity of past and present members of the TCS community; they are not loans, therefore, recipients are not expected to pay these back.

While not a scholarship or a bursary, the School also offers a $59,000 incentive to Canadian boarding students through the Canadian Families Boarding Incentive Program.