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Financial Literacy: Financial Tools and Calculators

This guide provides a general overview of financial literacy, including reading materials, videos and personal finance resources at Toronto Metropolitan University Library.

Financial Tools and Calculators

The Government of Canada and Ontario Securities Commission offers a series of interactive financial tools and calculators to assist with various personal finance matters.  Use these tools and their features to help you make responsible financial decisions*:

  • Financial Goal Calculator
    Calculate how to pay down your debt and reach your savings goals.
  • Budget Calculator
    Find out where your money is going and determine how much you can put towards your goals.
  • Bank Account Comparison Tool
    Compare bank account interest rates, monthly fees, transaction fees and services. Find an account that best suits your needs.
  • Behavioural Bias Checker Tool
    Being aware of potential biases can help you become a better decision-maker. Use this tool to improve your awareness of different behavioural biases or “blind spots” that may influence your decisions.
  • Credit Card Payment Calculator
    Find out how long it will take to pay off your credit card and explore options to pay it back faster.
  • Credit Card Comparison Tool
    Compare credit card interest rates, annual fees, rewards and other features. Find the credit card that best suits your needs.
  • Vehicle Lease or Buy Calculator
    Compare the costs of financing or leasing a vehicle.

*These financial tools and calculators are available as self-help tools. They cannot guarantee accuracy and they do not replace professional advice.


Student Loan Repayment Estimator

The Loan Repayment Estimator can help you estimate the monthly payments you will need to make to repay your Canada Student Loan or other government student loans. All you need to do is type in the settings for your loan.

Enter the total amount of your loan(s), select interest rate and grace period options and decide on the number of monthly payments that you would like to make. The default number of payments is 114 if you take advantage of the 6-month grace period, or 120 if you do not.

Loan Repayment Estimator Tool

OSAP Repayment Calculator


Human Resources and Skills Development Canada, Canada Student Loans Program. “Loan Repayment Estimator.”, 24 Aug. 2017,

Town Hall: Student Financial Assistance During COVID-19 2020

The Office of Social Innovation and Student Financial Assistance at Toronto Metropolitan University partnered to host a virtual Town Hall on Student Financial Assistance during COVID-19. The purpose of this Town Hall was to respond to pressing student inquiries and needs about financial aid and the recently introduced Canada Emergency Student Benefit. - May 13, 2020

Salary Resources