What's your net worth?
Find out how your net worth – the difference between what you own (your assets) and what you owe (your liabilities) compares to other Canadians. Understanding that difference is a great way to help you plan for the future.
Duration: About 2 min.
Your total assets:
$555,555
Your total liabilities:
$300,000
Your net worth:
$222,555
With a total of $51,000 in assets and $51,000 in liabilities, your household net worth is $339,205.
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Assumptions
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The Canadian average household net worth and the average provincial net worth are taken from the Median net worth data of Statistics Canada Survey of Financial Security 2012.
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Due to data limitations we do not have net worth averages for Northwest Territories, Yukon and Nunavut.
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Your result is the value of what you own minus the value of what you owe.
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The results you received from this calculator is for your information only. The figures are not guaranteed, as they are based on assumptions that are certain to change.
Home value
This includes a detached home, semi-detached home, townhome, apartment or condominium that you own. Enter what it’s worth now, not what you originally paid or think it will be worth in the future.
Home mortgage
This is the current amount owing on your mortgage.
Loans
This includes car loans, student loans, banks loans or other loans.
Non-registered savings and investments
This includes other taxable non-registered savings and investment accounts such as cash, chequing and savings accounts, guaranteed investment certificates (GIC), mutual funds, annuities, stocks, bonds, etc.
Other mortgages
This is the current amount owing on any other real estate mortgages you may have. This includes mortgages on cottages, rental properties and any other real estate.
Other properties
This includes a cottage, rental property or other real estate that you own. Enter what it’s worth now, not what you originally paid or think it will be worth in the future.
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Other valuables
This includes the current value of items such as jewellery, electronics, furniture and appliances, art and other items that have a high resale value.
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Registered retirement savings
This includes all of your registered accounts such as registered retirement savings plans (RRSP), group RSPs, defined contribution pension plans (DCPP), defined benefit pension plans (DBPP), locked-in RSPs/LIRAs, etc.
Vehicle(s)
This includes the current value of vehicles such as cars, trucks, motorcycles, boats and other recreational vehicles such as snowmobiles, ATVs or RVs.
Tax-free savings accounts (TFSA)
A TFSA lets you save for any purpose, without paying taxes on the investment growth. In this calculator, we’re assuming you’re not putting in more than the annual TFSA limit.
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