To make this calculator, we've used a programming language called JavaScript. As such, no information about your personal finances will leave your computer while you are using this service.

If you receive an "ERROR" message while using this calculator, either the minimum monthly payment you are making for any one of the first three borrowing options is not large enough to cover the monthly interest payment, OR, under the "Rent-to-Own" contract, the total price paid for the item is less than the actual selling price of the item, signifying a negative interest payment which is highly unlikely to occur.

If you need any assistance using this calculator, please contact the Consumer Connection team at consumer.information@ic.gc.ca