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Is it legal to charge a higher rent for students vs. non students for the same rental property in Canada?

My 1st rental property, having prospective tenants view the property now. Because the insurance rate for the house is 3 times higher if I rent to students (they are classified as high risk) I want to charge more to students in order to cover the additional cost to me. I would charge $100 less/month to any tenant who is not a student. Legal or not? Thanks
What if I already advertised on Kijiji at two different rates in 2 seperate ads?

What do you think?

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