Student Income Calculator
Exchange Rates in use |
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NOTE: Enter information into the yellow fields only: | USD to PESO = | CAD to PESO = | CAD to USD = | CAD to TWD = |
Step 1 Identify who and how many persons is/are going to Canada and the Estimated Monthly Expenses
Spouse | No. of Student | Kids | ||
Province | ||||
Accommodation | ||||
Food | ||||
Clothing | ||||
Entertainment | ||||
Health Insurance | ||||
Transportation | ||||
Phone bill | ||||
Internet | ||||
Utilities | ||||
Miscellaneous | ||||
Remittance | start year | |||
TOTAL | ||||
AVERAGE TUITION | for reference only |
Step 2.D ADDITIONAL LOAN PAYMENT DETAILS (if any)
LOAN PRINCIPAL PAYMENT in CANADIAN
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 which province in Canada | |
Minimum Wage/Hour CAD | Minimum wage per hour (pre-defined) | |
STUDENT Increase in Wage/Hour CAD | Wage will be upgraded to | |
YEAR INCREASE | The year the wage has been upgraded - STUDENT | |
SPOUSE Increase in Wage/Hour CAD | Wage increased for the SPOUSE | |
YEAR INCREASE | The year the wage has been upgraded - SPOUSE | |
Annual Tax Rate | The tax rate depends on which province in Canada (pre-defined) | |
Working hours/week Part Time | 20 hours/week during school semester (default) | |
Working hours/week Full Time | 40 hours/week as a regular full time work without overtime (default) | |
Years of study program | Enter maximum 2 years (1 year for certificate, 2 years for diploma) | |
Years of post grad work permit | 1 year study get 1 year PGWP, 2 years study get 2-3 years PGWP (pre-defined) | |
First Year 1st Sem Tuition | It depends on the school and program has been chosen | |
First Year 2nd Sem Tuition | It depends on the school and program has been chosen | |
Second Year Tuition | It depends on the school and program has been chosen | |
Settlement Fund |
OVERTIME | Year 1 or 2 | Year 2 to 5 or Year 3 to 5 | |
STUDENT | Total hours of Overtime will be taken. Only 17.33 weeks/semester on the 1st and the 2nd year | ||
SPOUSE | Total hours of Overtime will be taken in one year (52 weeks) |
Step 4 Calculate your annual income, costs, and total savings in Canada (automatic calculation)
PHP | CAD | Remarks | |||||||||
YEAR 1 | Annual Income | The 1st year's income | |||||||||
1st School Year 1st Semester Tuition | 1st half of Tuition | ||||||||||
1st School Year 2nd Semester Tuition | 2nd half of Tuition | ||||||||||
Annual Living Expenses | Monthly living expenses x 12 months | ||||||||||
Remittance | Monthly remittance x 12months | ||||||||||
Annual Loan Payoff | Monthly loan payment x 12 months | ||||||||||
Loan Pre-Payment Amount | The Loan Amount shall be prepaid | ||||||||||
Loan Principal Payment | Loan Principal Payment | ||||||||||
Balance at the end of the 1st Year | Money in the bank (net income / savings) | ||||||||||
YEAR 2 | Annual Income | The 2nd year's income | |||||||||
The 2nd Year Tuition | The whole year's tuition | ||||||||||
Annual Living Expenses | Monthly living expenses x 12 months | ||||||||||
Remittance | Monthly remittance x 12months | ||||||||||
Annual Loan Payoff | Monthly loan payment x 12 months | ||||||||||
Loan Pre-Payment Amount | The Loan Amount shall be prepaid | ||||||||||
Loan Principal Payment | Loan Principal Payment | ||||||||||
Balance at the end of the 2nd Year | Money in the bank (net income / savings) | ||||||||||
YEAR 3 | Annual Income | The 3rd year's income | |||||||||
Annual Living Expenses | Monthly living expenses x 12 months | ||||||||||
Remittance | Monthly remittance x 12months | ||||||||||
Annual Loan Payoff | Monthly loan payment x 12 months | ||||||||||
Loan Pre-Payment Amount | The Loan Amount shall be prepaid | ||||||||||
Loan Principal Payment | Loan Principal Payment | ||||||||||
Balance at the end of the 3rd Year | Money in the bank (net income / savings) | ||||||||||
YEAR 4 | Annual Income | The 4th year's income | |||||||||
Annual Living Expenses | Monthly living expenses x 12 months | ||||||||||
Remittance | Monthly remittance x 12months | ||||||||||
Annual Loan Payoff | Monthly loan payment x 12 months | ||||||||||
Loan Pre-Payment Amount | The Loan Amount shall be prepaid | ||||||||||
Loan Principal Payment | Loan Principal Payment | ||||||||||
Balance at the end of the 4th Year | Money in the bank (net income / savings) | ||||||||||
YEAR 5 | Annual Income | The 5th year's income | |||||||||
Annual Living Expenses | Monthly living expenses x 12 months | ||||||||||
Remittance | Monthly remittance x 12months | ||||||||||
Annual Loan Payoff | Monthly loan payment x 12 months | ||||||||||
Loan Principal Payment | Loan Principal Payment | ||||||||||
Balance at the end of the 5th Year | Money in the bank (net income / savings) |