Free Canadian money calculators
Quick, plain-English calculators for the big Canadian money decisions, updated with 2026 limits and rules from official sources. No sign-up, no tracking of your numbers; everything runs in your browser.
Registered accounts
Which leaves you more after tax: TFSA or RRSP?
Compare after-tax retirement value using 2026 federal and Ontario tax brackets.
FHSA calculator
Project your FHSA balance and tax refunds with the $8,000 annual and $40,000 lifetime limits.
RRSP contribution room and tax refund
Estimate your 2026 RRSP deduction limit (18% of 2025 earned income up to $33,810, less pension adjustment) and the tax refund from a contribution.
RRSP growth and withdrawal tax
Project RRSP growth and see the 10%/20%/30% withholding tax on a lump-sum withdrawal versus the tax you actually owe.
RESP calculator (CESG and CLB)
Project your RESP with the 20% CESG on $2,500 a year, catch-up room, the 2026 Additional CESG by income and the Canada Learning Bond.
RDSP grant and bond calculator
Estimate the Canada Disability Savings Grant (300%/200%/100% matching) and Bond for 2026 by family income, and project your RDSP to age 49.
RRIF minimum withdrawal
Calculate your RRIF minimum withdrawal using the CRA prescribed factors (5.28% at 71 up to 20% at 95+), with a year-by-year schedule.
LIRA to LIF: Ontario minimum and maximum
Estimate the minimum and maximum you can take from an Ontario Life Income Fund using the RRIF factors and the FSRA maximum table.
TFSA contribution room
Estimate your TFSA room from the year you turned 18 or became resident: up to $109,000 in cumulative limits since 2009, including the 2026 $7,000 limit.
Spousal RRSP attribution check
Check whether a spousal RRSP withdrawal will be taxed back to the contributing spouse under the attribution rule.
Home Buyers' Plan (HBP) repayment
See your HBP repayment schedule: up to $60,000 from your RRSP, repaid over 15 years, with the 5-year grace for first withdrawals from 2022 to 2028.
Lifelong Learning Plan (LLP)
Plan LLP withdrawals from your RRSP for full-time education ($10,000 a year, $20,000 total) and the 10-year repayment schedule.
Lending & mortgages
How much house can you afford?
Uses the mortgage stress test and 39%/44% GDS/TDS limits.
Mortgage payment calculator
Canadian mortgage payments with semi-annual compounding: monthly, semi-monthly, bi-weekly, weekly and accelerated, with an amortization table.
Mortgage renewal: compare two rates
Compare two mortgage renewal offers: payment, interest over the term and balance at the end of term.
Mortgage prepayment savings
See how much interest and time you save with extra monthly payments or an annual lump sum on your Canadian mortgage.
Mortgage prepayment penalty estimate
Estimate a Canadian mortgage break penalty: 3 months' interest or the interest rate differential (IRD). A labelled estimate only.
CMHC insurance and minimum down payment
Minimum down payment (5%/10%/20%, $1.5M insured cap) and CMHC mortgage default insurance premium by down payment, including the 30-year surcharge.
HELOC limit and payment
Estimate your home equity line of credit limit under OSFI rules (65% revolving, 80% combined) and the interest-only payment.
Car loan calculator
Monthly car payment with sales tax, trade-in, down payment and fees, plus total interest.
Personal loan / line of credit
Monthly payment and total interest on a personal loan, and the interest-only minimum on a line of credit.
Debt payoff: avalanche vs snowball
Compare paying off debts highest-rate first (avalanche) versus smallest-balance first (snowball): time and interest.
Debt consolidation calculator
Compare keeping your current debts with a consolidation loan: payment, time and total interest.
Credit card payoff
How long it takes to pay off a credit card at a fixed payment, total interest, and the payment needed to be debt-free by a target date.
Rent vs buy
Compare net worth from buying a home versus renting and investing the difference, over your chosen time frame.
Land transfer tax: Ontario and Toronto
Ontario land transfer tax plus Toronto MLTT (2026 rates), with first-time buyer refunds of up to $4,000 (Ontario) and $4,475 (Toronto).
Planning
Plans
Step-by-step guides with what to do this week.
How to improve your credit score in Canada
A practical plan to raise your Canadian credit score: get your free Equifax and TransUnion reports, pay on time, keep utilization under 30%, and give it time.
How to buy a house in Canada
A step-by-step plan for buying a home in Canada: budget, down payment with the FHSA and HBP, pre-approval, the stress test, closing costs and land transfer tax, and closing day.
How to pay off debt
A calm, practical plan to pay off credit cards and loans: list your debts, protect your payments, choose avalanche or snowball, and stop new borrowing.
How to build an emergency fund
A practical plan to build an emergency fund: set a target of 3 to 6 months of expenses, automate savings and keep it accessible.
How to start investing with a TFSA
A simple plan to start investing in a TFSA: check your room, pick an account, choose low-cost diversified investments and automate contributions.
Newsletter
A short, occasional email when limits change or a new calculator goes up. Coming soon.
Sister site
Opening a new account anyway? CanBonus tracks current Canadian bank, credit-card and brokerage sign-up bonuses and their real requirements.
General information, not financial advice. This calculator gives rough estimates from simplified assumptions. It does not know your full situation. Check with a qualified professional and the official sources before making decisions.