MoneyRestart | Free Canadian Debt Payoff Planner

What would help most right now?

Start with the problem you're actually thinking about tonight. We'll take it from there.

No numbers ready? Explore a clearly labelled example.

⚙️ Your payoff engine

Estimates assume constant APRs, monthly compounding, no new charges, and that your entered monthly debt payments continue until all listed debts are paid. “Extra money available right now” is treated as a one-time lump sum. Actual lender calculations can differ.

🎯 Interest-first

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Enter your numbers to calculate.

Why this path: Extra money targets the highest APR while required payments continue on the others. This generally aims to reduce interest cost.

🌬️ Cash-flow-first

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Targets the debt estimated to free a required monthly payment soonest.

Why this path: This emphasizes debts that may release a required monthly payment sooner, potentially creating breathing room faster.

⚖️ Balanced

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Balances APR pressure with smaller balances.

Why this path: This weighs interest pressure together with smaller balances. It is a compromise, not a universal best choice.

Add your numbers to run the engine.

Step 1 of 425%

Let's start with your household

Just the big picture first. Estimates are completely fine.

Monthly take-home income

💡 Tip: Use the amount that actually reaches your household after taxes and deductions.

Mortgage / rent payment

💡 Tip: Enter your regular mortgage or rent payment. We’ll handle other housing costs separately later.

Cash / emergency savings

💡 Tip: Include accessible savings—not pensions or long-term investments you wouldn’t normally use.

Monthly essentials beyond housing (recommended)

This makes the breathing-room calculation much more realistic. Estimates are fine.

Food / groceries

Utilities / phone / internet

Transportation

Insurance

Childcare / support

Other essentials

Irregular expenses reserve

Monthly amount for annual bills, repairs, school costs, home maintenance and other non-monthly expenses.

Add the debts that matter

Start with the ones putting the most pressure on you. You can add as many as you need.

💡 Tip: Check your latest statement or banking app for the current balance, interest rate (APR), and minimum payment. An estimate is okay—you can update it later.
Don’t know the exact number? Start with what you know.

What's happening right now?

This helps us focus on the decision you're actually trying to make.

One-time extra money available now (optional)

💡 Tip: A bonus, tax refund, asset sale or other cash you could use once. Enter any amount.

Extra amount you can add each month (optional)

💡 Tip: Enter any recurring amount above your listed required payments. $0 is completely okay.

YOUR HOUSEHOLD SNAPSHOT

Okay — here's what your numbers are telling us.

No judgment. These are simply the numbers we're working with today.

Total listed debt$0

Required debt payments$0/mo

Debt payments / take-home0%

Extra cash available$0

Approx. interest this month$0

Estimated monthly breathing room$0/mo

Highest listed APR0%

⚡ What if I paid a little more every month?

Enter any extra monthly amount. The payoff engine recalculates payoff time and estimated interest.

Or enter any amount / month

Enter an amount to compare it with your current plan.

ONE USEFUL NEXT MOVELet's identify your most expensive debt.

Your financial health snapshot

Monthly breathing room—

Cash cushion—

Debt payment pressure—

Highest pressure point—

Your immediate issue is monthly cash flow

Before accelerating debt payoff, consider reviewing expenses, contacting creditors early if payments are becoming difficult, and using the trusted resources below. MoneyRestart will still show your numbers, but payoff speed is not the first priority when the monthly plan is already short.

Your numbers, not a lecture. These are planning estimates designed to help you compare choices. Real lender terms, changing rates and day-to-day life can change the outcome.

How MoneyRestart calculated this

Payoff estimates use the balances, APRs, required payments, one-time extra cash and recurring monthly extra amount you entered. Interest is estimated monthly. Variable rates are held at today's entered rate unless you change them. For promotional debts, enter the current APR, expiry month and regular APR; the estimate switches rates at the beginning of that month. Mortgage comparisons are simplified planning estimates and can differ from lender calculations because of compounding, payment frequency, fees, penalties and prepayment rules.

MoneyRestart is an educational planning tool, not individualized financial advice. Results are estimates and should be checked against creditor or lender statements before acting.

You're not alone.
A lot of households are juggling several payments at once. Let's focus on what you can change next.

Three ways to think about your next move

💰 Reduce expensive interest

🌊 Create breathing room

⚖️ Balance both

Our rule: your numbers come first. Partner compensation cannot change your calculations or which scenario is shown.

Optional resources

WHEN RELEVANT

🏠 Explore mortgage options

If you're approaching renewal or comparing refinancing, we can link to an independent provider or marketplace after you've seen your MoneyRestart analysis.

Start with independent public resources. Any future compensated partner link will be clearly identified and will never change your calculations.

FREE EDUCATION

📚 Understand your next move

Explore independent public resources on debt repayment, credit and mortgage decisions before considering any outside product.

MoneyRestart educational content — not a paid placement.

Get practical money tips with MRS WEEKLY →

Future advertising and labelled partner links may help keep the core planner free. Compensation never changes your calculations.

Illustrative educational estimates. Payoff timing and interest are calculated from the balances, APRs and payments you enter; actual lender compounding, fees, changing minimums, promotional rates and contractual terms can differ. Confirm important decisions with your lender or a qualified professional.

📩 Keep your results

Take your snapshot with you and come back when something changes.

No account required to start. Your report summarizes the information you entered and the illustrative paths shown above.

Make your plan actionable

Compare three approaches, check for pressure points, and choose a practical next step. Estimates assume unchanged interest rates and payments.

Debt strategy showdown

Your first 30 days

Private save & resume (this device only)

Decorative images and videos are hosted with MoneyRestart. Exchange-rate reference data is requested from the Bank of Canada without your debt entries. Do not enter account numbers, passwords or identifying financial details.

Nothing is saved automatically. If you choose to save, your financial entries stay unencrypted in this browser's local storage; they are not uploaded by the Save button. Anyone with access to this browser profile or browser extensions with sufficient permissions may be able to read them. Use Delete saved plan to remove the saved plan from this browser profile; this does not erase copies, screenshots, browser backups, or values still visible in the form. Avoid saving on a shared device.

🔒 Do not save on a shared computer. Locally saved plans may be visible to other users of this browser.

YOU'RE NOT ALONE

Money stress happens to good people.

A job change. A mortgage renewal. A car repair. A balance that slowly got bigger. Whatever brought you here, the number isn't a judgment — it's a starting point.

Your situation is a starting point, not a score. Use the snapshot above to focus on the parts of your plan you can change next.

Learn without the financial jargon.

Explore independent public resources to better understand credit, debt repayment and mortgage decisions.

BUILT AROUND TRUST

Your financial picture deserves more than a sales funnel.

MoneyRestart separates the math from monetization. Your balances, rates and payments determine the scenarios — not an advertiser or referral payout.

01Understand firstSee the household picture before products enter the conversation.

02Compare clearlyInterest-first, cash-flow-first and balanced paths stay side by side.

03Choose for yourselfMoneyRestart explains trade-offs. You decide what fits your life.

🛟 HELP & RESOURCES

Need more than a calculator?

Start with trusted public resources. Choose your country and the kind of help you need.

CanadaOfficial Canadian consumer and government resources

💳

CREDIT REPORT

Get your free credit report

FCAC explains how to access your reports from Equifax and TransUnion. Checking your own report does not affect your credit rating.

Get credit-report guidance ↗

💰

PAYING DOWN DEBT

Build a debt repayment strategy

FCAC guidance on listing debts, comparing income and expenses, and choosing a repayment approach.

Paying back your debt ↗

🤝

TALK TO SOMEONE

Getting help from a credit counsellor

Learn what counsellors do, what fees to ask about, warning signs, and how to evaluate an organization before signing up.

Credit-counselling guidance ↗

⚖️

SERIOUS DEBT

Compare formal debt solutions

The federal Office of the Superintendent of Bankruptcy compares debt-management plans, consumer proposals and bankruptcy.

Compare debt solutions ↗

🏠

MORTGAGE PRESSURE

Mortgage relief & renewal help

FCAC explains relief options for borrowers facing difficulty and what to consider when a mortgage renewal is approaching.

Mortgage relief options ↗Renewal guidance ↗

📞

COLLECTIONS

A debt collector is contacting me

FCAC explains what information to request, how collection agencies work, and where provincial or territorial rules apply.

Debt-collector guidance ↗

🧑‍⚖️

LICENSED PROFESSIONAL

Find a Licensed Insolvency Trustee

Use the federal OSB portal to find professionals licensed to administer consumer proposals and bankruptcies in Canada.

Open the OSB portal ↗

🚨

SCAMS & BAD PROMISES

Protect yourself from debt-relief traps

Government guidance can help you recognize unrealistic credit-repair and debt-relief claims before paying anyone.

Know the warning signs ↗

🛡️

FRAUD & IDENTITY THEFT

Report fraud and identity theft

The Canadian Anti-Fraud Centre explains how to report fraud and identity theft and what to do next.

Canadian Anti-Fraud Centre ↗

🛡️ MoneyRestart Trust Rule MoneyRestart does not sell placement in Help & Resources. These public resources are selected because they may be useful — not because they paid to be here.

These links are provided for general education and navigation. MoneyRestart is not affiliated with or endorsed by the Government of Canada, the U.S. government, or the agencies linked above. Availability, eligibility and rules can change; verify details with the official source.

Your money isn't broken.It just needs a plan.

A clearer path forward.

Money can get complicated.Starting over doesn’t have to be.

What would help most right now?

⚙️ Your payoff engine

Let's start with your household

Add the debts that matter

What's happening right now?

Okay — here's what your numbers are telling us.

Your financial health snapshot

Your immediate issue is monthly cash flow

How much cash feels right to keep?

Three ways to think about your next move

Optional resources

🏠 Explore mortgage options

📚 Understand your next move

📩 Keep your results

Make your plan actionable

Debt strategy showdown

Your first 30 days

Private save & resume (this device only)

Money stress happens to good people.

Learn without the financial jargon.

Your financial picture deserves more than a sales funnel.

Need more than a calculator?

Get your free credit report

Build a debt repayment strategy

Getting help from a credit counsellor

Compare formal debt solutions

Mortgage relief & renewal help

A debt collector is contacting me

Find a Licensed Insolvency Trustee

Protect yourself from debt-relief traps

Report fraud and identity theft

Understand credit reports and scores

Explore CFPB consumer tools

Dealing with debt collection

Find an approved credit-counselling agency

Understand the bankruptcy process

Find housing counselling

Spot debt and credit scams

Report identity theft and make a recovery plan

One small money win, every week.

Join MRS WEEKLY

Contact MoneyRestart

Your money isn't broken.
It just needs a plan.

Money can get complicated.
Starting over doesn’t have to be.