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Khakh 9 Do your research on Universities in Canada regarding the program that you wish to do and see the program costs.. This is the Most important part as lot of people take Student loans before arriving to Canada which can cover upto 2-3 sem's if you are doing your masters from an esteemed university.
-also do focus on the courses offered in the program, if it is Thesis based or course based. Thesis Based is useful for even higher education while course based can be useful for the growing job market.
-Remember that graduating from a university with a 2 year course guarantees a 2-3 year work permit.
Answers to your questions:-
-You can start your application process after graduation. Remember to utilize your time in India to take more courses in private institutes to make yourself a stronger applicant for future jobs in canada.
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