Find Helpful Financial Calculators from Essence CPA
Are you considering refinancing your mortgage or wondering how much to save for your child’s education? Many of the clients at Essence CPA come to me with these types of questions. I invite you to use the financial calculators on this page as a starting point in your decision-making process. As a GTA chartered accountant, I am pleased to assist you through your important life decisions.
Financial Calculators
Accelerated Debt Payoff
If you’ve consolidated your debt, we can show you how to accelerate the debt payoff.
Figure out the loan amount, payment and frequency that works for you!
How much car can you afford? Find out.
Auto Rebate vs. Low Interest Financing
Should you take advantage of low interest financing or a rebate? Check now.
Explore the savings of a bi-weekly mortgage payment.
Not sure whether to buy or lease. This calculator can help you!
Discover a quick and easy way to balance your chequebook.
See how much difference your rate can make over time.
See how compounding interest affects your savings.
View the results of paying off your debt with a consolidation loan and investing the payment savings.
When will your savings plan make you a millionaire? Find out.
What is the limit of your credit line?
How much disability insurance do you need?
Fine-tune your education savings plan.
Explore the amount of emergency savings you may need.
Quickly and easily change your payment, loan amount, rate or term.
Should you buy or lease? Find out now!
Figure out where your money goes and find ways to save.
Is your investment plan on track? Check it out.
Investment Savings & Distributions
Determine how long your investment savings will last once you begin taking distributions.
Investor Profile Questionnaire
Create a balanced portfolio.
Get an idea of your life expectancy based on your age and other factors.
How much life insurance do you really need?
Determine your payments quickly and easily.
Compare monthly payments, fees and other costs.
Low Interest Financing Savings
How much can you save on low interest financing? Find out.
Determine your monthly payment and amortization schedule.
Find out which loan is best for you.
Increase your payment and save thousands in interest.
How much house can you afford?
How much can you save by refinancing?
Find out your net worth and how it can change.
Is debt consolidation right for you? Find out.
Are you better off buying or renting?
How much monthly income will your retirement savings provide?
See if your retirement plan is on track.
Explore different options for your Registered Retirement Income Fund (RRIF).
Jump start your retirement savings. Find out how.
See how consistent savings can effectively accumulate wealth.
How can you reach your savings goal? Find out.
Find out how much your savings will be worth when considering tax and inflation.
Understand your expenses and income while attending university.
Tax Free Savings Account Comparison
Compare a TFSA to a RRSP and an ordinary taxable savings account.
Taxable vs. Tax Advantaged Investments
Compare a normal taxable investment, a tax deferred investment and a tax-free investment.
