Last updated: 2026 assumptions reviewed. Assumptions & sources
Tools & Resources

Net Worth Calculator

Know your number. Your net worth is the most honest snapshot of your financial life, and tracking it once or twice a year reveals more than any single account balance ever will.

One honest number
Everything you own→Everything you owe→Your net worth
Two columns and one subtraction. The gap between them is the number worth tracking.
A one-tap starting point. Every field below is still yours to change.
years old
Used only to put the Statistics Canada median for your age group beside your own number. Leave it blank to skip the comparison.

Assets: What You Own

Cash & Savings
$
$
$
Registered Accounts
$
$
$
$
$
The lump sum printed on your annual pension statement. Leave it at 0 if you have never seen that figure.
RRSP vs TFSA: RRSP, LIRA, and RRIF balances are pre-tax: you'll owe income tax when you withdraw in retirement. TFSA withdrawals are tax-free. FHSA withdrawals are tax-free when they go toward a qualifying first home; take the money out for anything else and it is added to your income with tax withheld. For a more conservative net worth picture, apply your expected retirement marginal rate to your RRSP balance. A $200,000 RRSP at a 30% effective retirement rate has a true after-tax value closer to $140,000. If you are still deciding where the next dollar goes, the RRSP vs TFSA comparison tool runs that trade-off on your own income.
Non-Registered Investments
$
Real Estate
$0
$
$
Personal Property
$
$
Total Assets $0

Liabilities: What You Owe

Housing Debt
$0
$
$
$
Consumer Debt
$
$
$
$
$
Total Liabilities $0
Your Net Worth
$0

Assets vs Liabilities at a Glance

Both bars are drawn to the same scale. The gap between where they end is your net worth.

Net worth earns its keep as a time series. Save today's number, then run it again in six months. The direction of the trend tells you more than the size of the number. Six months of climbing while the figure is still under zero is a good six months. If the trend is flat, the fix usually sits in the monthly plan, which is what the Canadian budgeting guide walks through. And this is a number worth saying out loud at home, so the first honest money conversation with your wife is a good next step once you have it.

No snapshot saved yet. Save today's number and the change will show here next time you visit.

Snapshots stay in this browser on this device. Nothing is sent to us. "Clear my numbers" wipes the fields and the saved snapshots together.

Tools Dan uses

Where the next dollar goes

Whatever today's number says, the account you keep your savings in matters. Wealthsimple holds an FHSA, RRSP, and TFSA in one place, with no minimum and commission-free Canadian ETFs.

Open a Wealthsimple account →

Affiliate link, no cost to you. How this works. See the full list of tools Dan recommends.

Frequently Asked Questions

How do I calculate my net worth?

Net worth is assets minus liabilities. Add up everything you own (bank accounts, investments, TFSA, RRSP, home equity, car value, other assets) and subtract everything you owe (mortgage balance, car loan, student loan, credit card balances, any other debt). The result is your net worth. It can be negative, especially early in life.

What is a good net worth at my age in Canada?

Statistics Canada answers this directly. Its 2023 Survey of Financial Security puts median family net worth at $159,100 where the main earner is under 35, $409,300 from 35 to 44, $675,800 from 45 to 54, $873,400 from 55 to 64, and $738,900 at 65 and over. Across all Canadian families the median is $519,700. Read those as family figures: a single-income household usually sits below the line for its age group, and a long-held house in an expensive market can lift a family well above it. Enter your age in the tool above and it will put the median for your group beside your own number. The most useful comparison is still your own figure from a year ago.

Should I include my home equity in my net worth?

Yes, but with context. Home equity is real wealth, but it is illiquid. You cannot spend home equity without selling or borrowing against the house. Many financial planners look at net worth both with and without home equity to understand the liquid picture separately from the property picture.

How often should I calculate my net worth?

Once or twice per year is usually enough. Tracking it too frequently creates unnecessary anxiety around market fluctuations. Annual or semi-annual tracking gives you a clear trend line over time. The direction matters more than the specific number in any given month.

My net worth is negative. Is that normal?

Very common, especially under 35. Student loans, the early years of a mortgage, a car loan and a credit card balance all pull the number under zero at once. A man in that position has usually been avoiding the figure for a while, and looking at it plainly is the whole job today. Write it down, pick the debt with the highest rate, and run the number again in six months. What matters is whether the line is moving, and whether anyone else in your house knows what it says.