Work Visa Income Calculator

NOTE: Enter information into the yellow fields only:		NTD to CAD =		CAD to PESO =		USD to NTD =

Cash Requirements for Student & Loan Calculator

Work Visa Income Illustration
Status / Number of Worker
If Married, Are you going together?
With Child? / Number of dependent child

Will apply for ANPL
Loan Amount Needed in CAD
How much is your Down payment in CAD?
Loan Amount (NET)
Loan Term
Annual Interest Rate				%
Monthly Payment in CAD
Interest Only
Loan Payment Start				this must be less than or equal to loan term

Province of Canada				Monthly expense budget depends on where in Canada
Minimum Wage / Hour CAD				Minimum wage depends on which province in Canada
Increase in Wage / Hour CAD				Wage with increased
YEAR INCREASE				Year when to apply the increased in Salary
Annual Tax Rate				Tax rate rate depends on which province in Canada

II. Overtime
PRINCIPAL APPLICANT				Enter number of hours overtime in 1 year (52 weeks)
SPOUSE				Enter number of hours overtime in 1 year (52 weeks)

ASSUMPTIONS ON LIVING EXPENSES
			in CAD
Accommodation
Food
Clothing
Entertainment
Health insurance
Transportation
Phone bill
Internet
Utilities
Miscellaneous
Total living expenses
PH Remittance / Start Year

Potential Income Earned in Canada

A. Principal Applicant
YEAR 1
Per Week
Per Year
Overtime
Total Per Year
Total After Tax
B. Spouse
Per Week
Per Year
Overtime
Total Per Year
Total After Tax
C. Combine Income
Total Per Year
Total After Tax
YEAR 2
A. Principal Applicant
Per Week
Per Year
Overtime
Total Per Year
Total After Tax
B. Spouse
Per Week
Per Year
Overtime
Total Per Year
Total After Tax
C. Combine Income
Total Per Year
Total After Tax
YEAR 3
A. Principal Applicant
Per Week
Per Year
Overtime
Total Per Year
Total After Tax
B. Spouse
Per Week
Per Year
Overtime
Total Per Year
Total After Tax
C. Combine Income
Total Per Year
Total After Tax

A. Principal Applicant
YEAR 4
Per Week
Per Year
Overtime
Total Per Year
Total After Tax
B. Spouse
Per Week
Per Year
Overtime
Total Per Year
Total After Tax
C. Combine Income
Total Per Year
Total After Tax
YEAR 5
A. Principal Applicant
Per Week
Per Year
Overtime
Total Per Year
Total After Tax
B. Spouse
Per Week
Per Year
Overtime
Total Per Year
Total After Tax
C. Combine Income
Total Per Year
Total After Tax

LOAN PAYMENT in CANADIAN DOLLAR (CAD) if any
Loan - First Year
Loan - Second Year
Loan - Third Year
Loan - Fourth Year
Loan - Fifth Year

LOAN PRE-PAYMENT EVERY END OF THE YEAR in CANADIAN DOLLAR (CAD)ny
Year 1
Year 2
Year 3
Year 4
Year 5

Loan Computation - Amortization

Loan Information
Loan Amount
Annual Interest Rate				%
Term of Loan in Years
First Payment Date
Payment Frequency
Compound Period
Payment Type
Rounding
Periods Per Year
Compound Period
Payment Type
Months Per Period
Number of Periods
Rounding Option

Summary Rate (per period)

Monthly Payment

Loan Schedule

LOAN PAYMENT in CANADIAN DOLLAR (CAD) if any				number of year
Loan - First Year				1
Loan - Second Year				2
Loan - Third Year				3
Loan - Fourth Year				4
Loan - Fifth Year				5

LOAN PRE-PAYMENT EVERY END OF THE YEAR in CANADIAN DOLLAR (CAD)ny
Year 1				1
Year 2				2
Year 3				3
Year 4				4
Year 5				5

Balloon Payment

Inputs
Loan Amount
Annual Interest Rate
Number of Payments
Begin Date
Interest Only

Summary

Monthly Payment
Balloon Payment, no rounding
Balloon Payment

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Step 3. Calculate your annual income, costs, and total savings in Canada (automatic calculation)

YEAR 1	CAD	PESO	Remarks
Annual Income			Monthly living expenses X 12 months
Annual living expenses			Monthly remittance to the Phils x 12months
PH Remittance			Monthly loan payments X 12 months
Annual loan pay back			Annual Loan Prepayment
Loan Pre - Payment			Money in the bank after Year 1
Balance/money on the bank

YEAR 2	CAD	PESO	2nd Year Income
Annual Income			Monthly living expenses X 12 months
Annual living expenses			Monthly remittance to the Phils x 12months
PH Remittance			Monthly loan payments X 12 months
Annual loan pay back			Annual Loan Prepayment
Balloon Payment			Money in the bank after Year 2
Balance/money on the bank

YEAR 3	CAD	PESO	3rd Year Income
Annual Income			Monthly living expenses X 12 months
Annual living expenses			Monthly remittance to the Phils x 12months
PH Remittance			Monthly loan payments X 12 months
Annual loan pay back			Annual Loan Prepayment
Loan Pre - Payment			Money in the bank after Year 3
Balance/money on the bank

YEAR 4	CAD	PESO	4th Year Income
Annual Income			Monthly living expenses X 12 months
Annual living expenses			Monthly remittance to the Phils x 12months
PH Remittance			Monthly loan payments X 12 months
Annual loan pay back			Annual Loan Prepayment
Loan Pre - Payment			Money in the bank after Year 4
Balance/money on the bank

YEAR 5	CAD	PESO	5th Year Income
Annual Income			Monthly living expenses X 12 months
Annual living expenses			Monthly remittance to the Phils x 12months
PH Remittance			Monthly loan payments X 12 months
Annual loan pay back			Annual Loan Prepayment
Loan Pre - Payment			Money in the bank after Year 5
Balance/money on the bank

POTENTIAL INCOME EARNED IN CANADA (DURING STUDY PROGRAM - 1st to 2nd YEAR)
YEAR 1
A	Part 1: Student		CAD	PHP
	Income during school semester (8 months per year)	per week
		per year
	sub total per year
B
	Income during school breaks (4 months per year)	per week
		per year
		overtime
	sub total per year
C	Total A + B combined	total per year
		total after tax
D	Part 2: Spouse 1(if applicable)
	Income all year round (12 months)	per week
		per year
		overtime
	total per year
	total after tax
E	Part 1 + 2 Combined
		total per year
		total after tax
YEAR 2
A	Part 1: Student		CAD	PHP
	Income during school semester (8 months per year)	per week
		per year
	sub total per year
B
	Income during school breaks (4 months per year)	per week
		per year
		overtime
	sub total per year
C	Total A + B combined	total per year
		total after tax
D	Part 2: Spouse 1(if applicable)
	Income all year round (12 months)	per week
		per year
		overtime
	total per year
	total after tax
E	Part 1 + 2 Combined
		total per year
		total after tax

POTENTIAL INCOME EARNED IN CANADA (POST GRADUATE WORK PROGRAM - 3rd to 5th YEAR
Graduated Student and Spouse can both work full time
YEAR 3
A	Part 1: Graduated Student		CAD	PHP
	Income all year round (12 months)	per week
		per year
		overtime
	total per year
	total after tax
B	Part 2: Spouse (if applicable)		CAD	PHP
	Income all year round (12 months)	per week
		per year
		overtime
	total per year
	total after tax
C	Part 1 + 2 Combined
		total per year
		total after tax

YEAR 4
A	Part 1: Graduated Student		CAD	PHP
	Income all year round (12 months)	per week
		per year
		overtime
	total per year
	total after tax
B	Part 2: Spouse (if applicable)		CAD	PHP
	Income all year round (12 months)	per week
		per year
		overtime
	total per year
	total after tax
C	Part 1 + 2 Combined
		total per year
		total after tax

YEAR 5
A	Part 1: Graduated Student		CAD	PHP
	Income all year round (12 months)	per week
		per year
		overtime
	total per year
	total after tax
B	Part 2: Spouse (if applicable)		CAD	PHP
	Income all year round (12 months)	per week
		per year
		overtime
	total per year
	total after tax
C	Part 1 + 2 Combined
		total per year
		total after tax

YEAR 1	Expenses - Annual			Income - Annual
		Php	CAD	Php	CAD
	Annual Living Expenses
	Annual Loan Pay Back
	Loan Pre-Payment
	PH Remittance
Total
			SAVINGS

YEAR 2	Expenses - Annual			Income - Annual
		Php	CAD	Php	CAD
	Annual Living Expenses
	Annual Loan Pay Back
	Loan Pre-Payment
	PH Remittance
Total
			SAVINGS

YEAR 3	Expenses - Annual			Income - Annual
		Php	CAD	Php	CAD
	Annual Living Expenses
	Annual Loan Pay Back
	Loan Pre-Payment
	PH Remittance
Total
			SAVINGS

YEAR 4	Expenses - Annual			Income - Annual
		Php	CAD	Php	CAD
	Annual Living Expenses
	Annual Loan Pay Back
	Loan Pre-Payment
	PH Remittance
Total
			SAVINGS

YEAR 5	Expenses - Annual			Income - Annual
		Php	CAD	Php	CAD
	Annual Living Expenses
	Annual Loan Pay Back
	Loan Pre-Payment
	PH Remittance
Total
			SAVINGS

Work Visa Income Calculator

Cash Requirements for Student & Loan Calculator

Potential Income Earned in Canada

Step 2. Loan Schedule

Loan Computation - Amortization

Loan Schedule

Balloon Payment

Step 3. Calculate your annual income, costs, and total savings in Canada (automatic calculation)

Step 3.A Calculate your potential income in Canada (automatic calculation based on assumptions)