annual gross family income,annual gross household income,GFI,GHI,AGFI,AGHI
Formula or Equation Note
This is a way of estimating the maximum home-related expenses you can afford to pay each month. To qualify for CMHC insurance, the total should not exceed 32% of your gross monthly household income. The gross family income is the combined gross income of all the members of a household who are 15 years old and older.