A majority of music history students go on to further study at graduate schools or conservatories in musicology or a related discipline. Others may choose to become music critics or music journalists, arts administrators, music librarians, or seek careers in the music publishing industry. Those hoping to teach music history at colleges or universities usually require at least a Masterís degree; a Ph.D. is recommended.
There is a page here that outlines some possible careers in music: http://www.kenfoster.com/Articles/Careers.htm>
There is information on applying for Canada Council grants here: http://www.canadacouncil.ca/grants/music/ff127245366823750000.htm
Acadia University has a comprehensive set of musical career links here: http://plato.acadiau.ca/courses/musi/callon/careers.htm