FREE CANADIAN MONEY TOOLS
Canadian money tools, minus the sales pitch.
Free calculators and honest guides for Canadian households — no sign-up, no sales pitch.
Start with the question you’re asking
Four places most Canadians start — pick the question you’re asking.
What will my take-home pay be?
Canadian Paycheck Calculator
See your 2026 take-home pay — federal and provincial tax, CPP and EI, net per paycheque — for any salary and province.
2026 rules · Verified November 8, 2026
Use the calculatorHow much mortgage can I afford, and what will it cost?
Canadian Mortgage Calculator
Your real monthly payment, with Canadian semi-annual compounding, CMHC insurance and the stress test.
2026 rules · Verified November 8, 2026
Use the calculatorHow much income tax will I owe?
Canadian Income Tax Calculator
Estimate your full 2026 tax bill — federal and provincial — and see what an RRSP contribution saves you.
2026 rules · Verified November 8, 2026
Use the calculatorWhich credit card actually fits my spending?
Which Card Is Right for You?
Answer six quick questions and get one card recommendation from the eight verified Canadian cards we track.
Terms verified November 8, 2026 · How we rate
Take the quizMORTGAGE RATES
Mortgage rates & the Bank of Canada
Bank of Canada
Policy interest rate: 2.50% — raised 25 basis points on October 28, 2026 (Bank of Canada). Next decision: December 9, 2026.
Prime rate at most major banks: 4.70% (as of November 8, 2026).
Variable rates and HELOCs move with the policy rate; fixed rates follow bond yields — which is why fixed rates can rise even before the Bank acts.
Best rates snapshot
| Term | Best rate | Lender |
|---|---|---|
| 5-year fixed | 4.44% | Nesto (insured) |
| 3-year fixed | 4.54% | Nesto (insured) |
| 5-year variable | 3.66% | Nesto (insured, prime – 1.04%) |
Rates checked November 8, 2026 — rates change often; confirm with the lender. Big-bank posted rates are higher (RBC, November 8, 2026: 5-year fixed 5.14%, 3-year fixed 5.09%, 5-year variable 4.40%).
What changed, and what to watch
The Bank raised its rate on October 28 because inflation is running hotter and stickier than it expected — that’s the Bank’s stated reason. Prices have been rising around 3% since April, and the Bank now expects inflation to reach about 3.5% by year-end and average about 3% in 2027 before returning to near 2% by mid-2028. High energy prices are pushing up production and transport costs, and the Bank expects businesses to pass more of those costs on. Meanwhile growth beat its forecasts — 3.3% in the second quarter and about 2% in the third — with unemployment near 6.5%. The Bank says it raised the rate to reduce the risk that high energy prices spread broadly into the prices of other goods and services.
Fixed mortgage rates don’t track the policy rate — they track 5-year Government of Canada bond yields, which have risen since July as global financial conditions tightened. As for December 9: bond markets put the odds of another 25-basis-point hike at 45%, against 55% for a hold, and imply a hike is almost certain by January 27 (Nesto, November 6, 2026). The Bank itself says “there could be a need to increase the policy rate further, but given uncertainties, Governing Council agreed to proceed carefully.”
- Next Bank of Canada decision: December 9, 2026
- Next CPI print: October inflation data (Statistics Canada)
- US Federal Reserve meeting: December 8–9, 2026
Projections are other people’s best guesses, collected here — they change with every data release.
Run your own numbers: Canadian Mortgage Calculator · Canadian Income Tax Calculator
$7,200
Maximum CESG grant per child
2.5%
The FX fee a 0% FX card deletes
5x
What the right card pays on groceries
$0
What every tool here costs
THE SYSTEM
Five cards. Five jobs. Zero guesswork.
Most ‘best card’ lists rank by commission. Ours is the system our household actually runs — a card for foreign spending, one for warranties, one for groceries, one for Costco and gas, and a flat-rate card for everything else.
Every LoonieTools calculator is built and checked against official sources by a finance professional in Canada who uses every tool on this site at home. Every rate and rule on this site is verified and dated. No sponsored rankings, no card is ‘best’ because it pays us — and when a link could earn us a commission, the page says so at the top.
How the calculations are checked
Our calculators are built on published CRA and Bank of Canada rules and rate sources. The tax tools use the 2026 rules verified November 8, 2026, and card terms and scores follow our published methodology — see how we rate credit cards. Figures are re-checked monthly, and every rate and rule on this site is dated.