What is the 'Merit Scholarship' offered at Bishop's University?

Bishop's University's acceptance rate is around 70-80%, making admissions to the university relatively easy for the students. On the contrary, the acceptance rate at the University of Calgary is around 20%, indicating that out of 100 students around 20 students will be granted admission to the university hence making admission to the university comparatively selective and competitive. Students must submit all the required documents necessary for admission to the university of their choice and also secure English Language proficiency test scores equal to or higher than the minimum scores required by the university for admission. Moreover, students must submit all the admission documents required before the deadline stated by the university along with the application fee to increase their chances of acceptance to the university.