Student Income Calculator - HS

Enter information into the yellow colored fields only:

Pesos: 1 USD =

Pesos: 1 CAD =

Step 1 Identify who will be applying and going to Canada

Very Important!
	1 Principal Applicant
	2 Spouse 1 / Worker
	3 Student 2
	4 Spouse 2 / Worker
	5 Student 3
	6 Spouse 3 / Worker
	7 Student 4
	8 Spouse 4 / Worker

Step 2 Calculate your monthly living expenses in Canada and Define Assumptions

MONTHLY EXPENSES IN CANADA (CAD)		ASSUMPTIONS			Remarks
Rent	$	Province of Canada			Monthly expense budget dependents on where in Canada.
Food	$	Minimum Wage/Hour CAD			Minimum wage depends on which province in Canada.
Transport	$	Annual Tax Rate			Tax rate depends on which province in Canada.
Misc.	$	Working hours/week Part Time			20 hours/week worked is the maximum legal amount during school semester.
Total	$	Working hours/week Full Time			40 hours/week worked is the maximum legal amount without overtime pay.
PH Remittance		Years of study program			Enter maximum 2 years (1 year for certificate, 2 years for degree)
		Years of post grad work permit			Enter maximum 3 years (1 year study get 1 year post grad work permit, 2 years study get 2-3 years post grad work permit)
		First Year Tuition			Tuition fee depends on what school and what course
		Second Year Tuition			Tuition fee depends on what school and what course
LOAN PAYMENT in CANADIAN DOLLAR (CAD)		Third Year Tuition			Tuition fee depends on what school and what course
Loan - First Year		First Year Living Expenses
Loan - Second Year
Loan - Third Year		OVERTIME	1st and 3rd year	4th to 5th year (student only)
Loan - Fourth Year		STUDENT 1			Enter number of hours overtime in 1 year (52 weeks) , 17.33 weeks only on 1st and 2nd year
Loan - Fifth Year		SPOUSE 1			Enter number of hours overtime in 1 year (52 weeks)
		STUDENT 2			Enter number of hours overtime in 1 year (52 weeks) , 17.33 weeks only on 1st and 2nd year
LOAN PRE-PAYMENT EVERY END OF THE YEAR in CANADIAN DOLLAR (CAD)		SPOUSE 2			Enter number of hours overtime in 1 year (52 weeks)
Year 1		STUDENT 3			Enter number of hours overtime in 1 year (52 weeks) , 17.33 weeks only on 1st and 2nd year
Year 2		SPOUSE 3			Enter number of hours overtime in 1 year (52 weeks)
Year 3		STUDENT 4			Enter number of hours overtime in 1 year (52 weeks) , 17.33 weeks only on 1st and 2nd year
Year 4		SPOUSE 4			Enter number of hours overtime in 1 year (52 weeks)
Year 5

Step 3 Calculate your potential income in Canada (automatic calculation based on assumptions)

POTENTIAL INCOME EARNED IN CANADA (DURING STUDY PROGRAM - 1st and 2nd YEAR)
A	Part 1: Student		CAD	PHP
	Income during school semester (8 months per year)	per week
		per year
	sub total per year
B
	Income during school breaks (4 months per year)	per week
		per year
		overtime
	sub total per year
C	Total A + B combined	total per year
		total after tax
D	Part 1: Student 2		CAD	PHP
	Income during school semester (8 months per year)	per week
		per year
	sub total per year
E
	Income during school breaks (4 months per year)	per week
		per year
		overtime
	sub total per year
F	Total A + B combined	total per year
		total after tax
G	Part 1: Student 3		CAD	PHP
	Income during school semester (8 months per year)	per week
		per year
	sub total per year
H
	Income during school breaks (4 months per year)	per week
		per year
		overtime
	sub total per year
I	Total A + B combined	total per year
		total after tax
G	Part 1: Student 4		CAD	PHP
	Income during school semester (8 months per year)	per week
		per year
	sub total per year
H
	Income during school breaks (4 months per year)	per week
		per year
		overtime
	sub total per year
I	Total A + B combined	total per year
		total after tax
J	Part 2: Spouse 1(if applicable)
	Income all year round (12 months)	per week
		per year
		overtime
	total per year
	subtotal after tax
K	Part 2: Spouse 2(if applicable)
	Income all year round (12 months)	per week
		per year
		overtime
	total per year
	subtotal after tax
L	Part 2: Spouse 3(if applicable)
	Income all year round (12 months)	per week
		per year
		overtime
	total per year
	subtotal after tax
L	Part 2: Spouse 4(if applicable)
	Income all year round (12 months)	per week
		per year
		overtime
	total per year
	subtotal after tax
	Parts 1 + 2 Combined
	Total Income per year (C + F + I + J + K + L)	total after tax

POTENTIAL INCOME EARNED IN CANADA (POST GRADUATE WORK PROGRAM - 1-3 YEARS
Graduated Student and Spouse can both work full time and receive full Child Care Benefits
A	Part 1: Graduated Student 1		CAD	PHP
	Income all year round (12 months)	per week
		per year
		overtime
	sub total per year
B	Part 1: Graduated Student 2		CAD	PHP
	Income all year round (12 months)	per week
		per year
		overtime
	sub total per year
C	Part 1: Graduated Student 3		CAD	PHP
	Income all year round (12 months)	per week
		per year
		overtime
	sub total per year
C	Part 1: Graduated Student 4		CAD	PHP
	Income all year round (12 months)	per week
		per year
		overtime
	sub total per year
D	Part 2: Spouse 1(if applicable)		CAD	PHP
	Income all year round (12 months)	per week
		per year
		overtime
	sub total per year
E	Part 2: Spouse 2(if applicable)		CAD	PHP
	Income all year round (12 months)	per week
		per year
		overtime
	sub total per year
F	Part 2: Spouse 3(if applicable)		CAD	PHP
	Income all year round (12 months)	per week
		per year
		overtime
	sub total per year
F	Part 2: Spouse 4(if applicable)		CAD	PHP
	Income all year round (12 months)	per week
		per year
		overtime
	sub total per year
	Parts 1 + 2 Combined
	Total Income per year (A + B + C + D + E + F)	total per year
		after tax

Step 3 Calculate your annual income, costs, and total savings in Canada (automatic calculation)

		PHP	CAD	Remarks
YEAR 1	Initial Costs (Step 3)			tuition
	1st year living expenses			Settlement Fund
	Balance after Initial Costs

	Annual Income (Step 5)			1st year income
	Annual living expense (Step 4)			Monthly living expenses x 12 months
	Annual loan pay back (Step 1)			Monthly loan payments x 12 months
	PH Remittance			Monthly remittances x 12 months
	Loan Pre-Payment
	Balance after 1st year costs			Money in the bank after Year 1

YEAR 2	Annual Income (Step 5)			2nd year income
	Annual living expense (Step 4)			Monthly living expenses x 12 months
	Second Year Tuition Fee
	Annual loan pay back (Step 1)			Monthly loan payments x 12 months
	PH Remittance
	Loan Pre-Payment
	Balance after 2nd year costs			Money in the bank after Year 2

YEAR 3	Annual Income (Step 5)			3rd year income
	Annual living expense (Step 4)			Monthly living expenses x 12 months
	Third Year Tuition
	Annual loan pay back (Step 1)			Monthly loan payments x 12 months
	PH Remittance
	Loan Pre-Payment
	Balance after 3rd year costs			Money in the bank after Year 3

YEAR 4	Annual Income (Step 5)			4th year income
	Annual living expense (Step 4)			Monthly living expenses x 12 months
	Annual loan pay back (Step 1)			Monthly loan payments x 12 months
	PH Remittance
	Loan Pre-Payment
	Balance after 4rd year costs			Money in the bank after Year 4

YEAR 5	Annual Income (Step 5)			5th year income
	Annual living expense (Step 4)			Monthly living expenses x 12 months
	Annual loan pay back (Step 1)			Monthly loan payments x 12 months
	PH Remittance			Monthly remittances x 12 months
	Loan Pre-Payment
	Balance after 5th year costs			Money in the bank after Year 5

YEAR 1	Expenses - Annual			Income - Annual
			No. of Applicants
	Living Expenses	Student
	Tuition Fee - 1st year	Spouse
	Loan Payment
	PH Remittance
	Loan Pre-Payment
Total
			SAVINGS