Purchase

How much is your intended purchase?

Income Tax

What is your gross annual income? (how much you are paid before subtracting taxes)

Total amount you need to earn to pay for this purchase.

Time Cost

How many days do you normally work each year? Full-time in Canada is 250 days per year.

This is how long it will take to pay off that expense.

Time Value of Money

How many years until you retire? This shows the opportunity cost of your purchase in terms of foregone retirement savings.

This is how much retirement savings you would forego by making this purchase instead of investing.