Calculators

Here are some links to calculators that may help you to analyze your financial situation.

Automobile
Lease or Buy?: Compare various vehicle ownership options over an eight year time frame.

Budget
Cash Flow Statement: A tool for determining your family’s income and expenses.

Debt
Debt Consolidation: See how much you can save by consolidating your debt at a lower interest rate.
Mortgage Calculator: Generate an amortization schedule for your mortgage.

Education
OSAP: Estimate the financial aid that you may expect through OSAP grants and loans.
RESP: Calculate how much you need to save for your child’s education.
University cost: Estimate the total cost a student will pay at a Canadian university.

Insurance
Insurance Needs Analysis: Estimate the amount of life insurance coverage you may need.

Investments
Early Investing: Learn the importance of investing early.
Investment Growth: See how your investment will grow over the years.
Rate of Return: Determine your portfolio’s average rate of return between start and end dates.

Retirement
Retirement Income: The Government of Canada has developed this calculator to help you plan for retirement.
RRSP: Calculate how much you will need to save for retirement.
Early CPP: Calculate the “break even” age if you take CPP early (among other retirement calculators).
RRIF: Calculate different payment options from your RRIF.

Taxes
GST/HST: Estimate the GST/HST credit, as well as any credit from related provincial programs.
Income Tax Estimator: Approximately how much will your tax bill (or refund) be?
RRSP Savings: Calculate how much tax you will save with your RRSP contribution.

Other
Currency conversion: Quickly convert between over 40 foreign currencies.
Life Expectancy: Answer questions related to your health and family history to estimate how old you will live.

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.