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.

Assets: What You Own

Cash & Savings
$
$
$
Registered Accounts
$
$
$
$
$
Non-Registered Investments
$
Real Estate
$
$
Personal Property
$
$
Total Assets $0

Liabilities: What You Owe

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

Make this a habit, not a one-time calculation. Net worth tracking is most useful as a time series. Record today's number, then check it again in six months. The direction of the trend matters more than the absolute number. A negative net worth moving steadily positive is a much better story than a stagnant positive number.

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?

There is no single answer, but a rough benchmark is to aim for net worth equal to your age multiplied by your annual income divided by ten. At 35 earning $80,000, that would be $280,000. These benchmarks are averages, not mandates, and do not account for life circumstances. What matters more is whether your net worth is growing year over year.

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, early mortgage stages, and credit card debt all drag the number down. A negative net worth is not a character flaw. It is a starting point. The question is whether you have a plan to move it in the right direction.