Monthly Budget Calculator for Canadians 2025

⏱

Tax Deadline: April 30, 2026

Get your CRA refund 2-3 days faster — set up direct deposit to KOHO (free account, code BREMO2026 for $100 bonus).

Get KOHO Free →

Track income and all expense categories • See your surplus or deficit • 50/30/20 guidance

A budget is the foundation of financial health. Enter your monthly income and expenses below to see exactly where your money is going and how much you have left to save or invest.

Monthly Budget Calculator

Income

Take-Home Pay ($)

Other Income ($)

Housing & Utilities

Rent / Mortgage ($)

Utilities ($)

Internet / Phone ($)

Insurance ($)

Living Expenses

Groceries ($)

Transport / Gas ($)

Dining Out ($)

Entertainment ($)

Clothing ($)

Personal Care ($)

Financial

Debt Payments ($)

Savings / Investments ($)

Other Expenses ($)

The 50/30/20 Budget Rule for Canadians

A simple starting point is the 50/30/20 rule:

50% Needs: Rent, groceries, transit, utilities
30% Wants: Dining out, entertainment, clothing
20% Savings/Debt: RRSP, TFSA, debt payoff

Free Banking to Help You Reach Your Financial Goals

Once you know your numbers, start acting on them. KOHO offers free banking with no monthly fees. Use code BREMO2026 for a bonus when you open your account.

Open KOHO Free — Code BREMO2026