{
  "$schema": "https://json-schema.org/draft/2020-12/schema",
  "$id": "https://askcalculators.com/ca/balance-transfer/schema.json",
  "title": "Balance Transfer Calculator — Canada inputs",
  "description": "Check whether a planned payment clears an interest-bearing or zero-rate promotional balance after adding the transfer fee. CAD planning view; stated limitations apply.",
  "type": "object",
  "properties": {
    "balance": {
      "title": "Balance to transfer",
      "type": "number",
      "description": "Illustrative starting value; replace with your own evidence.",
      "default": 6000,
      "minimum": 0,
      "maximum": 1000000000000,
      "x-step": 0.01,
      "x-prefix": "CAD",
      "x-unit": "currency"
    },
    "feePercent": {
      "title": "Transfer fee",
      "type": "number",
      "description": "Illustrative starting value; replace with your own evidence.",
      "default": 3,
      "minimum": 0,
      "maximum": 50,
      "x-step": 0.1,
      "x-unit": "percent"
    },
    "promoRate": {
      "title": "Promotional annual nominal rate",
      "type": "number",
      "description": "Illustrative starting value; replace with your own evidence.",
      "default": 0,
      "minimum": 0,
      "maximum": 100,
      "x-step": 0.1,
      "x-unit": "percent"
    },
    "promoMonths": {
      "title": "Promotional months",
      "type": "number",
      "description": "Illustrative starting value; replace with your own evidence.",
      "default": 18,
      "minimum": 1,
      "maximum": 120,
      "x-step": 1,
      "multipleOf": 1
    },
    "monthlyPayment": {
      "title": "Planned monthly payment",
      "type": "number",
      "description": "Illustrative starting value; replace with your own evidence.",
      "default": 350,
      "minimum": 0,
      "maximum": 1000000000000,
      "x-step": 0.01,
      "x-prefix": "CAD",
      "x-unit": "currency"
    }
  },
  "required": [
    "balance",
    "feePercent",
    "promoRate",
    "promoMonths",
    "monthlyPayment"
  ],
  "additionalProperties": false,
  "x-askcalculators": {
    "version": "20.16.0",
    "calculatorUrl": "https://askcalculators.com/ca/balance-transfer/",
    "queryExample": "https://askcalculators.com/ca/balance-transfer/?balance=6000&feePercent=3&promoRate=0&promoMonths=18&monthlyPayment=350",
    "migrationStatus": "new",
    "reviewStatus": "pending",
    "pageStatus": "live",
    "workStatus": "pending",
    "formula": {
      "expression": "monthly balance = maximum(0, previous balance × (1 + promo annual rate/12) − planned payment).",
      "note": "Inputs are converted to canonical units before evaluating this stated formula."
    },
    "quality": {
      "availability": "live",
      "technicalReviewRecord": "/reviews/v20-ca-balance-transfer.json",
      "qualifiedReview": "pending",
      "qualifiedReviewer": null,
      "qualifiedReviewDate": null,
      "formulaVersion": "20.16.0",
      "referenceCoverage": "references-listed",
      "releaseTestScope": "Catalog and regression checks are not a professional formula audit; consult release evidence.",
      "historicalMetadataDate": "",
      "historicalMetadataNotice": "The imported date is not evidence of a completed human review."
    },
    "outputs": {
      "transferFee": {
        "title": "Transfer fee added to balance",
        "type": "number",
        "x-format": "currency",
        "x-currency": "CAD",
        "x-digits": 2
      },
      "startingBalance": {
        "title": "Balance including transfer fee",
        "type": "number",
        "x-format": "currency",
        "x-currency": "CAD",
        "x-digits": 2
      },
      "paymentToClear": {
        "title": "Level monthly payment to clear during promotion",
        "type": "number",
        "x-format": "currency",
        "x-currency": "CAD",
        "x-digits": 2
      },
      "interest": {
        "title": "Interest during modeled promotion",
        "type": "number",
        "x-format": "currency",
        "x-currency": "CAD",
        "x-digits": 2
      },
      "remaining": {
        "title": "Balance after promotional period",
        "type": "number",
        "x-format": "currency",
        "x-currency": "CAD",
        "x-digits": 2,
        "x-primary": true
      }
    }
  }
}