Calculate Your Net Worth

Track your financial health by adding up all your assets and subtracting your liabilities in Canadian dollars

Assets $0

Real Estate $0
Current market value of your home and any other real estate you own.
$
Include primary residence, cottage, income properties, and land. For property in hot markets like Toronto or Vancouver, consider recent comparable sales.
Cash & Bank Accounts $0
Total in your chequing and savings accounts, GICs, and cash on hand.
$
Include chequing, savings, high-interest savings accounts, GICs, and physical cash. Consider EQ Bank, Tangerine, or other high-interest options for better returns.
Registered Accounts $0
Value of your RRSP, TFSA, RESP, RDSP, and other registered accounts.
$
Include RRSP, TFSA, RESP (including CESG grants), RDSP, LIRA, RPP, and Group RRSP balances. For Quebec residents, include QESI grants in RESP totals.
Non-Registered Investments $0
Stocks, bonds, mutual funds, ETFs and other non-registered investments.
$
Include non-registered brokerage accounts (like Questrade, Wealthsimple), individual stocks, bonds, ETFs, mutual funds, and dividend-paying investments. Consider ACB for tax purposes.
Vehicles $0
Current market value of cars, boats, motorcycles, and other vehicles.
$
Check Canadian Black Book, Autotrader.ca, or Kijiji for accurate market values of your vehicles. Remember that vehicles depreciate quickly in Canada's climate.
Personal Property $0
Value of furniture, jewelry, collectibles, electronics, and other belongings.
$
Be conservative with estimates - use resale value on Kijiji or Facebook Marketplace, not replacement cost. Consider contents insurance values as a reference.
Other Assets $0
Business ownership, cash value of life insurance, cryptocurrency, etc.
$
Include business equity, cash value of life insurance, cryptocurrency, valuable collectibles, and future tax refunds. For Quebec or Indigenous residents, include special tax credits or benefits.

Liabilities $0

Mortgage $0
Remaining balance on your home loan(s) and any HELOCs.
$
Include primary mortgage, second mortgage, home equity lines of credit (HELOCs), and reverse mortgages. Check your most recent mortgage statement or online banking for accurate balances.
Credit Card Debt $0
Total balances owed on all your credit cards.
$
Include all credit card balances, even if you plan to pay them off this month. Canadian credit cards typically charge 19.99% interest or higher, making them a priority for debt reduction.
Student Loans $0
Remaining balance on all student loans.
$
Include Canada Student Loans, provincial student loans (OSAP, StudentAid BC, etc.), and any private education loans. Remember that interest on government student loans qualifies for a tax credit.
Auto Loans $0
Remaining balance on vehicle loans or leases.
$
Include car loans, lease payoff amounts (if you own at end of lease), and motorcycle/boat loans. Be cautious with long-term auto loans that can lead to negative equity in Canada's climate.
Personal Loans $0
Balance on personal loans from banks, credit unions, or individuals.
$
Include bank loans, credit union loans, and money borrowed from family/friends. Canadian credit unions often offer better rates than major banks for personal loans.
Lines of Credit $0
Outstanding balances on personal lines of credit (excluding HELOCs).
$
Include unsecured lines of credit, student lines of credit, and other personal lines of credit. These are very common in Canada and typically offer better rates than credit cards.
Other Debt $0
Business loans, CRA debt, other outstanding liabilities.
$
Include business loans, tax debt owed to CRA, payday loans, and any other debts. Quebec residents should include Revenu Québec debts. CRA debt should be prioritized as the CRA has significant collection powers.

Registered Account Contribution Room

Track your unused contribution room to optimize your tax strategy. These don't affect your net worth calculation.

TFSA Contribution Room
$

The 2025 TFSA contribution limit is $7,000, with a cumulative maximum of $95,000 if you were 18+ in 2009.

RRSP Contribution Room
$

Your RRSP contribution room is 18% of your previous year's earned income up to a maximum of $31,560 for 2025.

Your Net Worth
$0
Enter your assets and liabilities above to calculate your net worth in Canadian dollars.

Average Net Worth by Age in Canada

Net worth benchmarks by age group in Canada
Age Group Median Net Worth Average Net Worth
Under 35 $48,800 $163,700
35-44 $234,400 $457,700
45-54 $521,100 $833,200
55-64 $690,000 $1,098,400
65+ $543,200 $1,006,400

Source: Statistics Canada Survey of Financial Security (most recent data)

Note: These are national averages. Select your province above for more relevant benchmarks.

Tips to Improve Your Net Worth in Canada
  • Maximize RRSP and TFSA contributions - Take advantage of these tax-advantaged accounts.
  • Pay off high-interest debt - Focus on credit cards and payday loans first.
  • Build an emergency fund - Aim for 3-6 months of expenses in a high-interest savings account.
  • Leverage the Home Buyers' Plan - Use your RRSP for a home down payment if eligible.
  • Consider income-splitting strategies - Explore spousal RRSPs and other tax-efficient options.
  • Invest in low-cost ETFs - Keep investment fees low to maximize returns over time.
  • Use the First Home Savings Account (FHSA) - New tax-free account for first-time homebuyers that combines RRSP and TFSA benefits.
  • Plan for OAS and CPP - Understanding government benefits can help optimize your retirement planning.

Understanding Your Net Worth

What Is Net Worth?

Net worth is the difference between what you own (assets) and what you owe (liabilities). It's a snapshot of your financial position at a specific point in time.

About Assets

Assets are things you own that have monetary value. They include cash, investments, property, and personal possessions that could be sold for cash.

About Liabilities

Liabilities are debts or obligations you owe to others. These include mortgages, loans, credit card balances, and any other forms of debt.

Why Track Net Worth?

Tracking your net worth over time helps you measure financial progress, identify areas for improvement, and make better decisions about saving, spending, and investing.