A free Canadian personal finance calculator

Finance Simulator starts with your take-home pay after federal and provincial tax, CPP and EI, then builds everything else on top of it: a budget, TFSA, RRSP and FHSA growth projections, a retirement date, your net worth, a debt payoff plan, portfolio rebalancing, and the rent versus buy math. It covers every province and territory, including Quebec's separate provincial tax.

There is no account and no sign-up, and nothing you type ever leaves your browser. Every calculation runs on your own device, and your numbers are saved only in your browser's storage.

What you can calculate

• Take-home pay. What you actually keep after federal and provincial tax, CPP and EI, in every province and territory.
• Budget projections. Split your income with the 50/30/20 method and see where it really goes.
• Investment growth. Watch a TFSA, RRSP or FHSA compound over the years.
• Retirement timeline. Find out when you could stop working, with a coast FIRE calculator.
• Net worth tracking. Your whole financial picture in one place.
• Income percentile. See how your earnings and savings compare to other Canadians your age.
• Debt payoff and savings goals. Compare the snowball and avalanche methods to find your debt-free date, and plan a savings goal.
• Portfolio rebalancing. See how your holdings are weighted and where they have drifted from your targets.
• Rent vs. buy and mortgage vs. invest. The honest math on whether to buy, and whether to pay down the mortgage or invest instead.

That is a referral link. Using it is completely optional, and it is what keeps this tool free with no ads and no paywall.

Frequently asked questions

Is my financial data private?

Yes. Everything you enter stays on your device. Nothing is sent to a server or stored anywhere else, there is no account, no login and no data collection, and you can wipe everything at any time with the reset option in the app.

Is this calculator free to use?

Yes, completely free. No subscription, no paywall and no sign-up. The tool is supported by an optional Wealthsimple referral, so if you open a Wealthsimple account through the link in the app, we each get a $25 bonus.

Which countries and tax systems does it support?

The calculator supports Canada, including all provinces and territories and Quebec's separate provincial tax. Calculations include CPP, EI, TFSA, RRSP, and FHSA contribution room.

What can I calculate with this tool?

You can calculate take-home pay after tax, build a budget using the 50/30/20 method, project how your savings will grow over time, estimate your retirement date and required nest egg, track your net worth, and compare your income to other Canadians your age. All calculations update in real time as you adjust your numbers.

How accurate are the tax calculations?

Calculations use current-year federal and provincial tax brackets, rates, and contribution limits from CRA data. They are accurate estimates for planning purposes but use simplified averaging rather than exact line-by-line tax return math. For filing or major financial decisions, consult a qualified tax professional.

Can I plan debt payoff or a savings goal?

Yes. The Goals and Debt tool compares the snowball method (smallest balance first) against the avalanche method (highest interest rate first), and shows your debt-free date and total interest for each. It doubles as a savings goal planner, so you can set a target amount and a timeline and see the monthly contribution needed to get there.

Can I check if my investment portfolio is balanced?

Yes. Add your ETFs and stocks to the Portfolio Balance tool and it shows how you are weighted by asset class, security type and geography. It then compares that against the target allocations you set, so you can see exactly where your portfolio has drifted and what rebalancing would take it back to target.

Should I rent or buy, and should I pay down my mortgage or invest?

The Housing Decisions tool covers both questions. The rent vs. buy calculator compares the long-run cost of renting against buying, factoring in home appreciation, mortgage terms, and selling costs. The mortgage vs. invest calculator compares paying down your mortgage faster against investing the same extra cash in a TFSA, RRSP, or taxable account, so you can see which path leaves you further ahead.