Prepare your figures
Use current records and one measurement period.
- Opening financed balance
- Interest rate and payment frequency
- Term and any final balance shown
FINANCING PLANNING TOOL
Amortization calculator
See how scheduled payments reduce a balance.
Explore the split between principal and interest under the assumptions in the calculator. Use the schedule to understand the payment path, then compare it with the actual proposed agreement.
Use the calculator ↗*All amounts in Canadian dollars. Estimates only—this is not a financing offer or approval. Taxes (GST/PST/HST) NOT included.
Start with consistent inputs.
Test a second scenario
Change one important assumption at a time.
- Keep the remaining inputs comparable.
- Try a less favourable case as well as the expected case.
- Save the assumptions alongside the estimate.
Check the scope
Read the tool’s labels and exclusions.
- Confirm the currency and time period.
- Check whether tax, fees or deposits are included.
- Use the actual proposal when it becomes available.
What the result can—and cannot—tell you.
- A schedule assumes the specified payments occur on time.
- Fees, variable rates, payment changes and early settlement can alter the outcome.
- Confirm that the balance at the end matches your intended structure.
This tool provides an illustration using the inputs and calculation method shown. It is not a financing offer, approval, valuation or individualized tax advice. Actual agreements, timing and costs may differ.
Questions, answered.
Does this result mean I qualify for financing?
No. The calculator uses the figures supplied; it does not review an application or determine eligibility. Approval, pricing and conditions require a separate review.
Can I use the result as a quote?
No. Treat it as a planning illustration. A written financing proposal may use different assumptions, fees, payment dates or product terms.
Which currency should I use?
Follow any currency stated in the calculator and use the same currency for every input. The tool does not establish an exchange rate or convert a Canadian estimate into a U.S. quote.
Are tax and fees included?
Only rely on items explicitly included by the tool. Check upfront fees, deposits, taxes and end-of-term amounts separately. Tax assumptions should be reviewed with a qualified adviser for the applicable jurisdiction.
Why might two calculators give different answers?
Definitions, compounding, payment timing, rounding and included costs can differ. Compare the assumptions and calculation method before comparing the result.
What should I do after estimating?
Save the assumptions and compare the result with current records or a written proposal. If you are exploring financing, share your business location, purpose and amount requested with Mehmi.
Discuss the next step.
Use the estimate to explain your business requirement and the assumptions you want to review.
Apply for financing ↗Financing is subject to application review and approval. Availability, costs, terms and documentation vary by business, product and location. This page provides general information and is not a financing offer.