Our Story
We're Grace and Erik, and we live in British Columbia, Canada. Grace graduated with a computer science degree and spent several years working as a software engineer. Erik is a financial analyst and tech enthusiast.
When we bought our first home, we were surprised at how hard it was to find transparent answers about our money. This kickstarted Green Flag Wealth, where our mission is to make personal finance transparent and accessible to everyday Canadians.
Our Calculators
Wage & Take-Home Pay Calculator
Turns a gross wage into the pay that actually reaches your account, using the same 2026 federal and provincial tax brackets. Checked against the Canada Revenue Agency Payroll Deductions Online Calculator. The calculator provides:
- Take-home pay at any pay period: hourly, daily, weekly, bi-weekly, semi-monthly, monthly or annual
- A full breakdown of federal tax, provincial tax, CPP or QPP, EI and, in Quebec, QPIP
- Real per-cheque amounts rather than the year divided up, so premiums come off at the full rate until they cap out
- The pay period your CPP and EI stop, and what your take-home rises to afterwards
- Published take-home figures for every province and territory
RRSP Tax Refund Calculator
Uses the latest 2026 federal and provincial tax brackets from the Canada Revenue Agency to estimate your tax savings from RRSP contributions. The calculator shows:
- Your total tax savings from RRSP contributions
- Breakdown of federal and provincial tax savings
- Your current marginal tax rate
- Tax bracket sweet spots and optimization opportunities
- Visual charts showing how your marginal tax rate changes with contributions
Investment Growth Calculator
Helps you visualize how your investments can grow over time with compound interest. The calculator provides:
- Future value projections (both nominal and inflation-adjusted)
- Total contributions and earnings breakdown
- Return on contributions percentage
- Interactive charts showing growth over time
- Ability to explore different contribution scenarios
TFSA Contribution Room Calculator
Calculates how much TFSA contribution room you have available, based on your age and residency history. The calculator provides:
- Your total lifetime TFSA contribution room
- Available room after accounting for contributions and withdrawals
- Support for newcomers to Canada with a custom residency start year
- Over-contribution detection with CRA penalty estimates
- Year-by-year breakdown of how your room has accumulated
FHSA Contribution Room Calculator
Calculates your First Home Savings Account contribution room, accounting for the $8,000 annual limit, $40,000 lifetime limit, and the carryforward rules. The calculator provides:
- Your available room this year, including any carried-forward room
- Exact year-by-year carryforward (up to $16,000 in a single year)
- Remaining lifetime contribution room
- Over-contribution detection across every year, with CRA penalty estimates
- Year-by-year breakdown of how your room has accumulated
Car Loan Calculator
Calculate your car loan payments and total cost including provincial sales tax and the federal luxury tax where applicable. The calculator provides:
- Monthly, bi-weekly, weekly, and semi-monthly payment options
- Accurate provincial sales tax for all 13 provinces and territories
- BC-specific tiered PST rates for dealership and private sales
- Federal luxury tax on vehicles over $100,000
- Total interest paid and full cost of ownership
- Year-by-year amortization schedule with principal vs. interest breakdown
- Pay-faster scenarios with custom payments and extra annual lump sums
Canadian Mortgage Payment Calculator
Calculate your Canadian mortgage payment with accurate semi-annual compounding, as required by the Interest Act of Canada. The calculator provides:
- Monthly, semi-monthly, bi-weekly, accelerated bi-weekly, weekly, and accelerated weekly payments
- CMHC mortgage insurance premium calculation for high-ratio mortgages
- Amortization periods from 5 to 30 years
- Total interest paid and full cost of ownership
- Year-by-year amortization schedule with principal vs. interest breakdown
Mortgage Rate Comparison Calculator
Compare up to five mortgage rate scenarios side by side: fixed, variable ARM, or variable VRM, over your mortgage term. The calculator provides:
- Payment amounts for monthly, bi-weekly, and weekly frequencies
- Total interest paid over the term for each scenario
- Remaining balance at renewal
- Support for mid-term rate changes on variable mortgages
- Full amortization schedule per scenario
- Shareable links to save and share your comparison
All rates are calculated using Canadian standard semi-annual compounding, as required by the Interest Act of Canada.
Tax Data Sources
All tax brackets and rates are based on official information from the Canada Revenue Agency. We update our calculators to reflect the latest tax year information as it becomes available.
Contact Us
Found a number that looks wrong, or a case a calculator does not handle? Tell us at contact@greenflagwealth.ca. We read everything, and a reported error gets fixed before anything else on the list.
Important Disclaimer
These calculators are for illustrative purposes only. The results are estimates and do not constitute financial or legal advice. Tax situations can be complex and depend on many factors beyond what these calculators consider.
Please consult with a qualified tax professional or financial advisor before making financial decisions. Always verify your RRSP contribution limits on the Canada Revenue Agency (CRA) website before making contributions.