# Financial Calculators

Financial tools and calculators evaluate different scenarios and demonstrate with charts and numbers the impacts of several financial decisions. The goal is to visualize with concrete numbers and great objectivity your present and future situation.

## Credit

You want to improve your credit score so you can have access to credit, lower your interest rate, or get a bigger loan?

### Personal Credit Score

The FICO beacon score is the most used scale in the world of credit and finance, measuring the risk of a borrower when a financial institution has to attribute a loan or credit card.

### Commercial Credit Score

The credit rating of a company shown on the commercial credit report is calculated using several criteria.

### Paying Less With Credit Promotions

We are regularly exposed to credit promotions. Some promotions offer credit cards with zero percent interest, while others are linked with the purchase of goods and propose no payment for several months, or in the case of financing offer no payment and no interest for several months.

### What is the Payment Index of your Company?

The payment index shown publicly on the commercial credit report of your company is a weighted average of late days in which you pay your suppliers.

### Calculate the Annual Effective Rate of your Prompt Payment Discount

Say you have access to a discount by paying your supplier earlier, but you hesitate? No matter what is the reason, it is wise to calculate the annual rate to evaluate your opportunity cost.

### Various Credit Calculations

## Loans

### Commercial Debt Ratio

Increasing debt often means increasing the risk, but it can also increase the chance of success if the money is well managed.

### Various Loan Calculations

- What is Your Debt Ratio and How Much Would You Be Able to Borrow at the Bank?
- Calculate the Monthly Payment and the Interest on a Term Loan
- What Loan Amount Can You Afford Based On Monthly Payments?
- How Long Will It Take to Reimburse Your Loan and its Interest?
- Compare Different Loans by Calculating their Rates and Terms

## Car Lease & Loan

### Buy or Lease a Car (Vehicle)?

When we plan to acquire a car, a truck or any other kinds of vehicle, we always wonder what cost the most between financing and leasing.

### Monthly payments when leasing or financing a vehicle

The monthly payments calculated with a long term contract for the use of a car or any other vehicle will differ if it is leased or financed.

### Calculate Your Car Lease-End Options

For the lessee (renter), the end of a term on a car lease means it is time to make a decision regarding the vehicle and the residual value written on the contract.

### When is it Profitable to End a Car Lease or Loan Contract Agreement?

A vehicle depreciates in a non linear trend during its term, unlike the outstanding balance, and there is always a risk when leasing or financing that the vehicle value will be lower than its book value.

## Real Estate and Mortgage

### Buy a Home or Rent and Save?

We are all confronted at one point in your life between renting a place and buying a house. There are many advantages and disadvantages for both parts; some of the arguments are qualitative and others quantitative.

### What Is the Home Value You Could Afford?

We often think that buying a house only involves replacing the rent with the mortgage payments. This is far from the truth; considerable expenses, other than the mortgage payment, are added when purchasing a house.

### Calculate the Net Profitability of your Rental Income Property

Buying a real estate property with the goal of renting it is an investment that insures a constant cash flow income.

### Estimate your Home Value Appreciation and the Profits from its Future Sale

You can evaluate your future house equity by using an appreciation rate on your property's value, and compare its final value with the future mortgage balance that will be left to be paid.

### House Flipping; Calculate your Net Profit

Renovating for profit, also known as flipping a house, involves buying a property, renovating it and selling it at higher price to make a profit.

### Various Real Estate and Mortgage Calculations

## Taxes

### Canada

- Calculate your Personal Income Tax in Canada for 2020 & 2021
- Calculate the Tax Savings Generated by your RRSP Contribution in Canada for 2020 & 2021
- Calculate your Corporate Income Tax in Canada for 2020 & 2021
- Calculate the Sales Taxes in Canada (GST, PST & HST) for 2023
- Calculate the Transfer Tax (Bienvenue) in Quebec
- Calculate the Right Tip in Canada