Consumer Proposal Calculator
A consumer proposal typically costs 30–60% of your total unsecured debt, spread over up to 60 months. Your exact payment depends on income, assets, and what creditors will accept. Use this calculator to estimate your monthly payment and total cost.
Credit cards, personal loans, tax debt, etc.
Take-home pay after taxes
Rent, food, transportation, utilities
Savings, vehicle value, RRSPs (optional)
Frequently Asked Questions
How accurate is this consumer proposal calculator?
This calculator provides an educational estimate based on general guidelines. Actual consumer proposal terms are negotiated by a Licensed Insolvency Trustee and must be accepted by your creditors. Initial LIT consultations are typically free.
What debts can be included in a consumer proposal?
Most unsecured debts can be included: credit cards, personal loans, lines of credit, payday loans, tax debt, and some student loans (if you've been out of school for 7+ years). Secured debts like mortgages and car loans are not included.
How much does a Licensed Insolvency Trustee charge for a consumer proposal?
LIT fees are regulated by the federal government and are included in your proposal payments — there are no additional fees to you. The LIT is paid from the same pool of money you pay into the proposal.