Monthly Net Income

Net income will help us understand the cashflow available for spending, saving, debt repayment etc.

Non-taxable government benefits like the Canada Child Benefit, Trillum Benefit, GIS Benefit etc can be entered here in Monthly Net Income. These will be calculated automatically in future projections based on your household information, ages of children, future income assumptions etc.


Use Your Paystub

Complete the Monthly Net Income section using your most recent paystub. The paystub you use should represent your typical earnings. In this example below we would use $1,951.67 as net income if this overtime represents the average overtime received.

Payment frequency can be entered by using the dropdowns.


Drop Downs:

  • /A = Per Annum
  • /SM = Per Semi-Annum (2x per year)
  • /Q = Per Quarter
  • /M = Per Month
  • /SM = Per Semi-Month (2x per month)
  • /BW = Per Bi-Weekly
  • /W = Per Weekly

Related Articles