Frequently Asked Questions

Paydex is a free Canadian financial calculator platform that helps you calculate income tax, mortgage payments, salary conversions, and more. All our tools use official 2026 tax rates and are updated regularly to ensure accuracy.

Yes! All our calculators are 100% free with no hidden fees, registration requirements, or premium tiers. We believe financial planning tools should be accessible to everyone.

No account is required. All calculators work instantly without registration. Your calculations are private and not stored on our servers.

Absolutely. We don't collect, store, or share your personal financial information. All calculations happen in your browser. We don't require login or track individual users.

Our calculators use official 2026 tax rates from the Canada Revenue Agency (CRA), provincial governments, and financial institutions. While we strive for accuracy, results are estimates and should not replace professional financial advice.

We support all 13 Canadian provinces and territories: Ontario, British Columbia, Alberta, Quebec, Manitoba, Saskatchewan, Nova Scotia, New Brunswick, Prince Edward Island, Newfoundland and Labrador, Yukon, Northwest Territories, and Nunavut.

Yes! All calculators use the latest 2026 federal and provincial tax rates, CPP/QPP contributions, EI premiums, and tax brackets. We update rates as soon as governments announce changes.

Use our Salary Calculator. Enter your gross annual salary, select your province, and we'll show your net pay after federal tax, provincial tax, CPP, and EI deductions. You can view results by year, month, bi-weekly, or weekly.

We calculate federal income tax, provincial income tax, Canada Pension Plan (CPP) or Quebec Pension Plan (QPP), and Employment Insurance (EI) premiums. Additional deductions like RRSP, union dues, or benefits are not included.

Our calculators are designed for employment income. Self-employed individuals have different tax obligations (business expenses, HST/GST, double CPP contributions) that require specialized accounting software or a tax professional.

Canada uses a progressive tax system. You pay different rates on different portions of your income. For example, if you earn $80,000, you don't pay the same rate on all $80,000 - lower amounts are taxed at lower rates.

Use our Mortgage Calculator. Enter the home price, down payment, interest rate, and amortization period. We'll show your monthly payment, total interest paid, and amortization schedule.

The mortgage stress test requires you to qualify at a higher interest rate (the greater of 5.25% or your contract rate plus 2%). This ensures you can afford payments if rates increase. Our calculators factor this in.

Minimum down payment in Canada: 5% for homes under $500,000, 10% for the portion between $500,000-$999,999, and 20% for homes $1 million+. Less than 20% down requires CMHC mortgage insurance.

CMHC (Canada Mortgage and Housing Corporation) insurance protects lenders if you default. It's required for down payments under 20%. The premium (0.6% to 4% of the mortgage) is added to your mortgage amount.

Fixed rates provide payment stability but are typically higher. Variable rates fluctuate with the prime rate but start lower. Choose fixed if you want predictability, variable if you can handle payment changes and believe rates will drop.

Use our Home Affordability Calculator. Lenders typically allow housing costs (mortgage, property tax, heating, condo fees) up to 32% of gross income, and total debt payments up to 40% of gross income.

Currently, calculations are not saved. We recommend taking screenshots or writing down results you need. We're working on a "Save Scenario" feature that will let you bookmark calculations without creating an account.

Yes! Most calculators generate a unique URL you can share. The URL contains your inputs so others can see the same results. No personal information is included in the URL.

Absolutely! All our calculators are fully responsive and work on smartphones, tablets, and desktops. The interface adapts to your screen size for the best experience.

No, calculators require an internet connection. All calculations happen in your browser, but the calculator code and tax rate data are loaded from our servers.

We display non-intrusive ads to keep our calculators free. Ad revenue covers server costs, development, and maintenance. We carefully limit ad placement to avoid disrupting your experience.

We aggregate rates from major Canadian banks, credit unions, and mortgage brokers. Rates are updated daily but can change quickly. Always verify current rates with lenders before making decisions.

GIC rates shown are current promotional rates from financial institutions. Actual rates depend on your deposit amount, term, and when you open the account. All GICs are CDIC insured up to $100,000 per institution.

Mortgage and savings rates are updated daily. Tax rates are updated when federal or provincial governments announce changes (typically in budget announcements).

Rates shown are real offers from financial institutions, but availability depends on your credit score, income, and other factors. Use our comparison tools as a starting point, then apply directly to lenders.

Please contact us immediately at support@paydex.ca with details about the calculator, your inputs, and the incorrect result. We take accuracy seriously and will investigate and fix any issues promptly.

We love suggestions! Email us at support@paydex.ca with your calculator idea. We prioritize tools that help the most Canadians with common financial decisions.

Yes! Email support@paydex.ca for help with calculators, technical issues, or general questions. We typically respond within 24-48 hours on business days.

We offer embeddable calculator widgets for select tools. Contact us at partnerships@paydex.ca to discuss integration options and licensing.

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