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Can I afford this rent?

See what is left after rent, everyday bills, and savings. Try different rent amounts to compare the monthly costs.

2026 tax year · Planning estimate · No account required

Amounts in CAD

After housing, bills, debt and savings

$1,375 left each month.

Based on estimated take-home pay of $5,025 a month. Anything you haven’t included still comes out of the amount left.

Try a rent amountCAD

Full rent, before any roommate’s contribution.

Your income & housingCAD

Before tax, benefits and other payroll deductions.

Your share of power, heat, water and internet not included in rent.

Where your take-home pay goes

CAD / month

Housing uses 39% of estimated take-home pay. Your savings are already set aside in this breakdown.

What else needs to fit?

Enter what you expect to pay or save each month.

Food, transport, phone and other bills. Leave out housing and debt payments entered separately.

Minimum loan and card payments. Leave at 0 if you have none.

What you want to keep saving after you move.

Sharing rent, extra housing costs & tax details

Only rent paid by someone whose income isn’t included here. Capped at the lease rent.

If you share the whole budget, add the other person’s income. Don’t also count their rent contribution above.

Take-home pay is estimated after income tax and employee payroll contributions. Workplace benefits and other payroll deductions can change your pay.

Calculation details & sources

How we work it out

We subtract housing, everyday costs, debt payments and savings from estimated take-home pay. Housing includes your share of rent, utilities, insurance, parking and storage.

What the chart shows

When costs fit, the ring shows how your take-home pay is divided. When costs exceed your pay, it shows total monthly costs. The shortfall is the extra money you need to cover them.

Tax assumptions

This is an annual income estimate before unentered claims, not a complete tax return. It uses standard basic claims and the same province for employment and residence; refundable credits and benefit payments are not included in take-home pay.

Age-based credits and pension-contribution exemptions, spouse and dependant claims, disability, tuition, medical expenses, donations, northern deductions and other personal credits are not entered. Employment estimates assume a full year subject to ordinary CPP/QPP contributions and EI/QPIP premiums.

Estimated take-home / month
$5,025.22
Housing / month
$1,950.00
Other costs and savings / month
$1,700.00
Money left / month
$1,375.22

Find a place that fits the life you want.

Fred is your financial copilot in deezbills. He helps work out what a move means for your bills, savings and other plans.

From moving costs to monthly expenses, he researches the details and makes the changes you approve.

Meet Fred Explore deezbills
could we actually buy a place someday?
Fred

Yes, buying a place looks possible enough to explore, Elena. I can’t yet say what you could comfortably buy or when, but this isn’t starting from zero. 🏡

Common questions

What rent is affordable in Canada?

CMHC, Canada’s national housing agency, describes housing as affordable when it costs less than 30% of before-tax household income. This calculator also shows what is left from estimated take-home pay after housing, everyday costs, debt payments and savings. A percentage alone cannot tell you whether the rest of your month fits.

Should I use income before tax or take-home pay?

Enter yearly income before tax. Take-home pay is estimated using the location and tax details you enter. Enter monthly rent, bills, debt payments and savings as amounts you pay from that take-home pay. Your actual pay can differ because of workplace benefits and other payroll deductions.

Can I share rent or include a second income?

Yes. If someone whose income is not included pays part of the rent, enter their monthly rent contribution in the extra details. If you share the whole household budget, enter the second person’s yearly income and your combined costs instead. Do not also count that same person’s rent contribution, or their help would be counted twice.

What does money left include?

Money left is estimated take-home pay minus housing costs, everyday costs, debt payments and the savings amount you enter. It is not a guarantee of spending money: anything you have not entered still needs to come from it. If costs exceed take-home pay, the result shows the monthly shortfall instead.