Smart Advice Tools and calculators

Budget calculator

A smart spending plan can free up money for the things that really matter. Build a budget to take the first step toward a comprehensive saving and spending strategy.
 
Enter your income, expenses and savings goals into our budget calculator, and we’ll provide a big-picture look at your cash flow, along with tailored insights for freeing up money or building out your investment portfolio.

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Budget calculator

Enter your income

Enter your after-tax income using whole numbers, then select a frequency. All fields are optional.

If you'd like to personalize your budget, enter your name here. It can contain up to 30 characters. We value your privacy, so we won't store this information.

Your monthly pay after deductions for tax, Canada Pension Plan, Employment Insurance and other benefits. Include a portion of any annual bonuses and other payouts.

Include the take-home pay – after tax and other deductions – of your spouse or partner, as well as any other members of your household.

Consider payments such as employment assistance, social assistance, disability benefits, child benefits, child support payments and GST/HST credits.

Enter your housing costs

Enter your expenses using whole numbers, then select a frequency. If you have multiple properties, combine their costs. All fields are optional.

People pay property tax on different instalment schedules. If you want to use a monthly figure, divide your total annual property tax bill by 12.

This could include the costs of snow removal, landscaping, cleaning, pool maintenance and other services.

Enter your communications expenses

Enter your expenses using whole numbers, then select a frequency. All fields are optional.

Include the monthly cost of any streaming platform you use for entertainment — movies, TV shows, music, magazines, video games or anything else.

Include the subscription fees you pay for other software platforms, such as cloud storage services, productivity suites or photo- and video-editing programs.

Enter your food costs

Enter your expenses using whole numbers, then select a frequency. All fields are optional.

Keep in mind that some popular food-delivery apps offer premium services that you may be paying a monthly fee for.

Enter your debt payments

Enter your expenses using whole numbers, then select a frequency. All fields are optional.

Enter your transportation expenses

Enter your expenses using whole numbers, then select a frequency. All fields are optional.

Consider the costs of oil changes, tire rotations and various repairs.

Enter your family expenses

Enter your expenses using whole numbers, then select a frequency. All fields are optional.

Include the costs of daycare, sitters and camps.

This could include the costs of food, accessories, grooming, veterinary care and pet insurance.

Enter your health and wellbeing expenses

Enter your expenses using whole numbers, then select a frequency. All fields are optional.

This could include life or disability insurance policies, and any other coverage purchased outside a group or employer benefits plan.

Only include any out-of-pocket costs. Exclude amounts covered by insurance.

Only include any out-of-pocket costs. Exclude amounts covered by insurance.

This could include hairstyling, makeup, manicures, pedicures and massage therapy.

This could include therapy or counselling, and the costs of apps for wellness and meditation.

Enter your shopping expenses

Enter your expenses using whole numbers, then select a frequency. All fields are optional.

This could include items such as decor items and furniture purchases.

This could include items such as soap, toothpaste, toilet paper and cosmetics.

Enter your recreation costs

Enter your expenses using whole numbers, then select a frequency. All fields are optional.

This could include admission to concerts, movies, museums, theatres, theme parks and more.

Hobbies could include supplies for crafting, woodworking, sewing, gardening — anything you spend on your personal pastimes. Recreation could include movies, books or video games you purchase.

Enter your gifts, donations and professional fees

Enter your expenses using whole numbers, then select a frequency. All fields are optional.

Include anything spent on gifts for birthdays, holidays, weddings or any other occasion.

Include membership fees for professional organizations such as a law society.

Enter your savings goals

Enter your savings goals using whole numbers, then select a frequency. All fields are optional.

This could include money put aside for children or to care for aging relatives.

Annual budget breakdown

 
 
 
 
 
 

Your cash flow at a glance

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Save your budget as a PDF or print a copy so you can share it with your advisor. They'll use it to help build a strategy that's right for you.

Where's your money going?

 
 
 
 
 
 

Annual cash flow summary

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Cash flow breakdown

Cash flow breakdown

We can help you stay on track

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Financial solutions for today and tomorrow

If you're an Imperial Service client, we can help you build a path to your goals, no matter where you are in life.

Whether you're saving for retirement, school or a new home, the right investment product can help you get there.

If there's a big purchase on the horizon, we can help you identify the best borrowing options.