Car payment calculator for Canada

Enter the car's price, your province and the loan terms to see your monthly payment, the sales tax you will pay and the total interest. The numbers shown are an example, so replace them with your own.

Your numbers

These are example numbers. Replace them with yours and the results update straight away.

Car price

The price before tax and fees.

Province or territory

Sales tax depends on where you register the car.

Down payment

Interest rate

% a year

Loan term

Fees and trade-in

Dealer fees that are taxed

Documentation, freight, delivery, tire levy.

Fees that are not taxed

Licensing and registration.

Trade-in value

Estimated monthly payment

$712.58

72 months at 7.9%

Where the money goes

Car price: $38,000.00
Dealer fees (taxed): $1,500.00
HST (13%): $5,135.00
Fees that are not taxed: $120.00
Total to pay: $44,755.00
Down payment: -$4,000.00
Amount financed: $40,755.00
Total interest over the loan: $10,550.76
Everything you will have paid: $55,305.76

An estimate. Your contract may work out interest differently, so confirm the figures with your lender.

Keep going with Uobo

Uobo is your personal car agent. Text it what you need and it does the research and the checks, asks dealerships about availability, condition and price for you, and helps you decide. This is the text you would send:

Hi Uobo, I just used your payment calculator: about $713/month on a $38,000 car, 72 months at 7.9% in Ontario. Can you find me cars around that?

Text Uobo

On a computer? Text (289) 819-4586 from your phone and paste what you copied. Standard message rates apply. Reply STOP any time to stop.

How it works

Tax comes first. Your province's sales tax is worked out on the car's price plus the dealer fees that are taxed (documentation, freight and delivery), minus your trade-in. In every province this tool covers, the trade-in comes off before tax, so a bigger trade-in lowers your tax as well as your loan.

The loan is what is left. We add fees that are not taxed, such as licensing, take off your down payment, and spread the rest over the term at the rate you enter, with interest worked out monthly.

British Columbia works differently. Its provincial sales tax rises from 7% on dearer vehicles, based on the price before your trade-in is taken off, and electric vehicles use higher price thresholds until February 2027.

Example: Ontario

A $38,000 car with $1,500 of taxed dealer fees and $120 of licensing in Ontario carries $5,135 of HST (13% of $39,500). With $4,000 down, $40,755 is financed. At 7.9% over 72 months the payment is about $712.58 a month and the loan costs $10,550.76 in interest.

What this does not cover

It covers buying from a dealer. Private sales are taxed differently in several provinces, and leases are calculated differently again.
It covers every province and territory except Manitoba, Quebec and Saskatchewan.
It does not include rebates, incentives, extended warranties or other optional extras you may add.
Lenders may work out interest by the day or start the first payment on a different date, so your contract can differ by a few dollars. Your lender's figure is the one that counts.

Common questions

Is sales tax charged on the trade-in?

When you buy from a dealer, tax is charged on the price after the trade-in is taken off. The Canada Revenue Agency's own example is a $25,000 car with a $10,000 trade-in, where GST is charged on $15,000. This tool does the same.

Why does British Columbia charge more than 7% PST on some cars?

BC's PST on vehicles rises in steps with the purchase price: 7% under $55,000, then 8%, 9% and 10% as the price passes $55,000, $56,000 and $57,000, then 15% from $125,000 and 20% from $150,000. The step is set by the price before the trade-in, and plug-in and electric vehicles reach the first step at $75,000 until February 22, 2027.

What interest rate should I use?

Use the rate on your pre-approval or the dealer's written offer. If you do not have one yet, try a few rates to see how much a point or two changes the payment, then get a pre-approval from your bank or credit union to compare with the dealer's offer.

Does a longer loan term make a car cheaper?

It lowers the monthly payment but you pay more interest overall. Compare terms side by side with the loan term comparison tool.

Which fees should I enter as taxed?

Dealer charges such as documentation, freight, delivery and tire levies are generally taxed with the car. Government fees like licensing and registration are not. The dealer fees guide explains each one.

Where the numbers come from

Last checked against these official pages on 2026-10-07. Rates and rules change, so check the source before you rely on a figure.