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

Find your 2026 RRSP deduction limit (18% of 2025 income, max $33,810, less any pension adjustment) and estimate your tax refund from a contribution. Free.

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 LIF this year, using the RRIF minimum factors and FSRA's maximum table. Free calculator.

TFSA contribution room

How much TFSA room do you have? Enter the year you turned 18 to see your room, up to $109,000 total since 2009 with the $7,000 2026 limit. Free, no sign-up.

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

Renewing your mortgage? Compare two renewal rates side by side: monthly payment, total interest over the term and balance at the end. Free and instant.

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).

Retirement

How much do I need to retire?

Estimate the nest egg you need to retire in Canada, after 2026 CPP and OAS, inflation and investment returns, and the monthly saving to get there.

Am I on track for retirement?

Project your RRSP and TFSA savings to retirement, compare with your goal, and see the monthly contribution you need to reach it.

How much can I withdraw each month?

Find the monthly amount you can take from your retirement savings for a set number of years, with optional yearly inflation increases.

How long will my savings last?

See how many years your retirement savings will last at a monthly withdrawal, with returns and yearly inflation increases.

Planning

Simple income tax calculator

Your 2026 income tax, CPP, EI and take-home pay from your salary and province.

Detailed income tax calculator

2026 tax on salary, self-employment, dividends and capital gains, with marginal rates.

CPP at 60 vs 65 vs 70

Compare total CPP received starting at 60, 65 or 70, plus break-even ages.

Compound interest / TFSA growth

See how a lump sum and monthly contributions grow over time.

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

New to investing? Check your TFSA room, pick an account, choose low-cost diversified funds and automate contributions. A simple 4-step plan for Canadians.

From the blog

Plain-English articles on the big questions. See all posts.

CPP at 60, 65 or 70: how to decide when to start

How the CPP start age changes your pension in 2026: 0.6% less per month before 65, 0.7% more per month after, break-even ages, inflation protection, and how OAS timing fits in.

Distribution Yield vs Total Return: Why a 7% Payout Can Earn Less

Why a fund's distribution yield isn't its return: NAV erosion, return of capital, a floating-rate loan fund example, and why borrowing to chase high payouts can lose money.

FHSA explained: how to use it to buy your first home

How the First Home Savings Account works in 2026: the $8,000 yearly and $40,000 lifetime limits, who qualifies, how to withdraw for a home, and how it pairs with the Home Buyers' Plan.

Money Market ETFs vs HISA Funds in Canada (2026): Where Cash Earns More

How Canadian money market ETFs, HISA ETFs and money market mutual funds compare in late 2026: yields net of fees, why MER matters, USD currency risk, and how they stack up against GICs.

The OAS clawback explained: 2026 thresholds and ways to soften it

How the OAS recovery tax works: the 15% repayment above $93,454 (2025 income) and $95,323 (2026 income), a worked example, and common, legal ways retirees reduce it.

RESP grants: how to get the full CESG before December 31

How the Canada Education Savings Grant works in 2026: 20% on the first $2,500, up to $600 a year with the Additional CESG, catch-up room, the age 16 and 17 rules, and the free Canada Learning Bond.

TFSA vs RRSP: which one first at your income?

A plain-language way to decide whether your next dollar goes to a TFSA or an RRSP, based on your income now and what you expect in retirement. Includes the 2026 limits.

US ETFs in an RRSP vs TFSA: The 15% Withholding Tax Explained

How the 15% US withholding tax on dividends works for Canadians, why RRSPs are exempt under the tax treaty but TFSAs aren't, and how Canadian-listed ETFs that hold US stocks are taxed.

Year-End Tax Checklist Canada 2026: 10 Moves Before Dec 31

A plain-English Canadian year-end tax checklist for 2026: tax-loss selling deadline, donations, RRSP, FHSA, TFSA withdrawal timing, RESP grants, RRIF conversion and medical expenses.

Take-home pay by province

See what a salary is worth after tax where you live, from $30,000 to $200,000.

Ontario · British Columbia · Alberta · Saskatchewan · Manitoba · New Brunswick · Nova Scotia · Prince Edward Island · Newfoundland and Labrador · Yukon · Northwest Territories · Nunavut

Compare all provinces

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.