Canada guidesPlain-words money answers.
Canada money guides
Visa funds, mortgages, RRSP and TFSA, and sending money home, worked out with the same engine as our free Canada tools.
Newcomers
How much money you must show for a Canadian study permit in 2026
The living-cost funds IRCC asks for on a study permit from 1 September 2026, by family size, plus tuition and travel.
NewcomersExpress Entry proof of funds: how much settlement money you need
The settlement funds Federal Skilled Worker and Skilled Trades applicants must show, by family size, and who is exempt.
NewcomersSuper Visa income requirement: what a child or grandchild must earn
The minimum necessary income to invite parents or grandparents to Canada on a Super Visa, by family size.
NewcomersSending money home from Canada: what to compare
How to compare money transfer services: the fee, the exchange rate and what your family actually receives.
NewcomersBuilding a credit history in Canada when you are new
How credit works in Canada, why newcomers start from zero, and plain first steps to build a credit score.
NewcomersYour first months in Canada: how long will your savings last?
A simple way to work out how many months your savings cover while you look for work.
Savings
TFSA, RRSP and FHSA limits for 2026
The 2026 contribution limits for the TFSA, RRSP and FHSA, how they work, and what each is best for.
SavingsRRSP or TFSA: which should you use first?
A plain comparison of the RRSP and TFSA with a worked example, and the one thing that decides it: your tax rate now and later.
SavingsThe FHSA: a tax-free first-home savings account
How the First Home Savings Account works, its limits, and how it pairs with the RRSP Home Buyers' Plan.
Taxes
Mortgage payments
The Canadian mortgage stress test, explained
How the mortgage stress test works, with examples of the qualifying rate and what it does to the payment you must afford.
Mortgage payments$300,000 mortgage payment in Canada: monthly cost at 3.5% to 6%
Monthly payment on a $300,000 Canadian mortgage over 25 and 30 years at rates from 3.5% to 6%, worked the Canadian way with semi-annual compounding.
Mortgage payments$400,000 mortgage payment in Canada: monthly cost at 3.5% to 6%
Monthly payment on a $400,000 Canadian mortgage over 25 and 30 years at rates from 3.5% to 6%, worked the Canadian way with semi-annual compounding.
Mortgage payments$500,000 mortgage payment in Canada: monthly cost at 3.5% to 6%
Monthly payment on a $500,000 Canadian mortgage over 25 and 30 years at rates from 3.5% to 6%, worked the Canadian way with semi-annual compounding.
Mortgage payments$600,000 mortgage payment in Canada: monthly cost at 3.5% to 6%
Monthly payment on a $600,000 Canadian mortgage over 25 and 30 years at rates from 3.5% to 6%, worked the Canadian way with semi-annual compounding.
Mortgage payments$750,000 mortgage payment in Canada: monthly cost at 3.5% to 6%
Monthly payment on a $750,000 Canadian mortgage over 25 and 30 years at rates from 3.5% to 6%, worked the Canadian way with semi-annual compounding.
Mortgage payments$1,000,000 mortgage payment in Canada: monthly cost at 3.5% to 6%
Monthly payment on a $1,000,000 Canadian mortgage over 25 and 30 years at rates from 3.5% to 6%, worked the Canadian way with semi-annual compounding.