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 and
Spouse | No. of Student | Kids | ||
Province | ||||
Accommodation | ||||
Food | ||||
Clothing | ||||
Entertainment | ||||
Health Insurance | ||||
Transportation | ||||
Phone bill | ||||
Internet | ||||
Utilities | ||||
Miscellaneous | ||||
PH Remittance | ||||
TOTAL | ||||
AVERAGE TUITION IN CANADA | for reference only |
Step 2 LOAN PAYMENT in CANADIAN DOLLAR (CAD) if any
Loan - First Year | |||||
Loan - Second Year | |||||
Loan - Third Year | |||||
Loan - Fourth Year | |||||
Loan - Fifth Year | |||||
Year 1 | |
Year 2 | |
Year 3 | |
Year 4 | |
Year 5 |
Step 3 Define Assumptions and Overtime
ASSUMPTIONS | REMARKS | ||||
Province of Canada | Monthly expense budget depends on where in Canada. | ||||
Minimum Wage/Hour CAD | Minimum wage depends on which province in Canada. | ||||
Annual Tax Rate | Tax rate depends on which province in Canada. | ||||
Working hours/week Part Time | 20 hours/week worked is the maximum legal amount during school semester. | ||||
Working hours/week Full Time | 40 hours/week worked is the maximum legal amount without overtime pay. | ||||
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 | ||||
Third Year Tuition | Tuition fee depends on what school and what course | ||||
Settlement Fund | |||||
OVERTIME | 1st to 3rd year | 4th to 5th year (student only) | |||
STUDENT | Enter number of hours overtime in 1 year (52 weeks) , 17.33 weeks only on 1st to 3rd year | ||||
SPOUSE | Enter number of hours overtime in 1 year (52 weeks) |
Step 4 Calculate your annual income, costs, and total savings in Canada (automatic calculation)
PHP | CAD | Remarks | |||||||||
YEAR 1 | Annual Income | 1st year income | |||||||||
First Year Tuition | tuition | ||||||||||
1st year living expenses | Settlement Fund | ||||||||||
Annual living expenses | Monthly living expenses x 12 months | ||||||||||
PH Remittance | Monthly remittance to the Phils x 12months | ||||||||||
Annual loan pay back | Monthly loan payments x 12 months | ||||||||||
Loan Pre-Payment | Annual Loan Prepayment | ||||||||||
Balance after 1st year costs | Money in the bank after Year 1 | ||||||||||
YEAR 2 | Annual Income | 2nd year income | |||||||||
Second Year Tuition | tuition | ||||||||||
Annual living expenses | Monthly living expenses x 12 months | ||||||||||
PH Remittance | Monthly remittance to the Phils x 12months | ||||||||||
Annual loan pay back | Monthly loan payments x 12 months | ||||||||||
Loan Pre-Payment | Annual Loan Prepayment | ||||||||||
Balance after 2nd year costs | Money in the bank after Year 2 | ||||||||||
YEAR 3 | Annual Income | 3rd year income | |||||||||
Third Year Tuition | tuition | ||||||||||
Annual living expenses | Monthly living expenses x 12 months | ||||||||||
PH Remittance | Monthly remittance to the Phils x 12months | ||||||||||
Annual loan pay back | Monthly loan payments x 12 months | ||||||||||
Loan Pre-Payment | Annual Loan Prepayment | ||||||||||
Balance after 3rd year costs | Money in the bank after Year 3 | ||||||||||
YEAR 4 | Annual Income | 4th year income | |||||||||
Annual living expenses | Monthly living expenses x 12 months | ||||||||||
PH Remittance | Monthly remittance to the Phils x 12months | ||||||||||
Annual loan pay back | Monthly loan payments x 12 months | ||||||||||
Loan Pre-Payment | Annual Loan Prepayment | ||||||||||
Balance after 4th year costs | Money in the bank after Year 4 | ||||||||||
YEAR 5 | Annual Income | 5th year income | |||||||||
Annual living expenses | Monthly living expenses x 12 months | ||||||||||
PH Remittance | Monthly remittance to the Phils x 12months | ||||||||||
Annual loan pay back | Monthly loan payments x 12 months | ||||||||||
Loan Pre-Payment | Annual Loan Prepayment | ||||||||||
Balance after 5th year costs | Money in the bank after Year 5 |