Canadian Financial Planning Hub
Canadian money math, worked out on one pad.
Pick your province, then run calculators to analyze Mortgage Affordability, Amortization, Income tax and take-home pay, Retirement income, Credit card payoff, Lease vs. Buy analysis and many more. Save different scenarios to compare your results later in My Netpad tab or share Calculations or Charts with others.
To find out more about Financial terms and instruments please visit our Guides section first.
Step one
Set your province or territory
Every calculator below re-runs instantly against the rates for the jurisdiction you pick.
- Total sales tax (GST/PST/HST)
- 13%
- Lowest income tax bracket
- 19.05%
- Top income tax bracket
- 46.16%
- Small biz corp tax rate
- 11.20%
Maximum Mortgage you can get
Maximum purchase price using Canadian GDS (39%) and TDS (44%) lending ratios, stress-tested — Ontario.
Maximum home price
$399,629
Mortgage required
$349,139
Includes CMHC premium where applicable
Mortgage Payment Plan
Full payment schedule with prepayments — payments, interest and total cost over your term and over the whole amortization, plus the balance left at renewal.
Regular payment
$2,962.48
Balance at end of term
$458,706
What you renew or pay out at the end of the term
Over the term
Over the amortization period
Principal remaining over the amortization
Monthly Mortgage Payment
Fixed-rate payments compounded semi-annually, as required by Canadian law — plus CMHC insurance.
Monthly payment
$2,962.48
Accelerated bi-weekly
$1,481.24
26 payments a year — shaves years off the amortization
Land Transfer Tax & Closing Costs
Ontario land transfer tax rates plus the usual cash-on-closing line items — every cost below is editable.
Land transfer tax payable
$9,475
Total cash needed on closing
$13,500
FHSA Estimator over time
Tax deduction and tax-free growth inside a First Home Savings Account — deductible going in, tax-free coming out for a qualifying home.
Projected FHSA balance
$46,415
Lifetime tax refund from deductions
$11,860
About $2,372 back each contributing year
Principal Residence Capital Gains
Tax owing when only part of your ownership period qualifies for the principal residence exemption — Ontario rates.
Estimated tax on the sale
$24,375
Net gain after tax
$390,625
The exemption formula credits one bonus year, so a home designated for every year you owned it is fully sheltered. A change of use — renting it out or moving abroad — can also trigger a deemed disposition at fair market value.
HELOC Borrowing Calculator
Credit available against your home equity under OSFI limits — 65% of value revolving, 80% including your mortgage.
Maximum HELOC limit
$220,000
Credit still available
$170,000