Is studying at a college in Canada a waste of money?

Quite a few Taiwanese people think that if you go abroad to study, you shouldn't waste money on a college. They figure a college is just a college, not a good university, so a lot of people probably think going to college is a waste of money and time

But! That's actually not true. On the contrary, colleges are quite well recognized in Canada. So what's the difference between a college and a university?

Focus of study
university leans toward academic research
college leans toward hands-on skills

Program length
university: bachelor's 3-4 years, master's 1-2 years, PhD 4-6 years
college: certificate 1 year, diploma 2-3 years, bachelor's degree 3-4 years

Admission requirements
university GPA and language score requirements are relatively higher than college

Tuition
university tuition is relatively higher than college

And because college programs focus more on practical skills, the employment rate is higher too, and so is the chance of getting a work permit after graduating. It's actually pretty good value for money～