Net Worth Calculator
Add up everything you own, subtract everything you owe, and see the one number that tells you where you actually stand, plus how it compares to the median Canadian family your age, and a simple way to track it over time.
Enter what you own and what you owe to see where you stand.
Assets composition
Where your wealth sits, a healthy mix spreads across more than one slice.
Liabilities composition
Where your debt sits, high-rate consumer debt deserves priority.
How you compare
Median net worth of Canadian families by age of the main earner.
| Age of main earner | Median net worth | You vs median |
|---|
Source: Statistics Canada, Survey of Financial Security, 2023 (released October 2024; constant 2023 dollars). Medians, not targets, half of families sit below each figure.
Track it over time
Net worth is a trend, not a moment. Save a dated snapshot now and revisit each quarter to watch it move.
Snapshots are stored in this browser, clearing your browser data removes them. Download a CSV below to keep a permanent copy.
Your net worth over time
Each saved snapshot, plotted by date. Watch the trend, not the wiggles.
How this is calculated
Net worth
The whole thing is one subtraction: net worth = total assets − total liabilities. Assets are what you own at today's market value; liabilities are the balances you still owe. It can be negative, a fresh graduate with student loans and no savings has negative net worth, and that's completely normal. The goal is a rising trend, not a particular number.
Net worth vs. income
Income is what flows in; net worth is what you keep. Two people earning the same salary can have wildly different net worth depending on how much they spend, save and owe. That's why net worth, not income, is the truest single measure of financial progress.
Liquid net worth
We define liquid net worth = financial assets − consumer debt, where financial assets are cash, TFSA, RRSP/pension and other investments, and consumer debt is credit cards, car loans, lines of credit, student loans and other debt. It deliberately excludes your home, your vehicles and your mortgage. Why? Because you can't spend a house, this is roughly what you could put your hands on in a crunch without selling where you live or how you get to work.
Debt-to-asset ratio
debt-to-asset = total liabilities ÷ total assets. Under ~35% is comfortable, over ~50% is meaningfully leveraged, and a homebuyer early in a mortgage can be well above that while still being on track. Watch it fall over the years as you pay down debt and assets grow.
The house-rich caveat
In pricey markets it's easy for home equity to become 80–90% of your net worth. On paper you're wealthy; in practice a job loss or a new roof can be a crisis if your liquid savings are thin. When home equity dominates and liquid net worth is small, the tool flags it, the fix is an emergency fund and diversified investments growing alongside the mortgage.
The benchmark
Medians come from Statistics Canada's Survey of Financial Security, 2023 (its most recent, released October 2024), by age of the main income earner: $159,100 under 35, $409,300 for 35–44, $675,800 for 45–54, $873,400 for 55–64, $738,900 for 65+, and $519,700 across all families. These are medians, half of families are below, so treat them as context, not a target. They also skew high because they include large amounts of home equity and pension value.
Tracking cadence
Update quarterly. That's frequent enough to catch a trend and rare enough to ignore day-to-day market noise. Snapshots are stored only in this browser (nothing is uploaded); export a CSV for a permanent record, and use the budget calculator and FIRE calculator to turn the trend into a plan.
What this doesn't model
It doesn't estimate your home's value, project future growth, adjust for inflation, or account for tax owing on registered accounts (an RRSP is worth less after the tax due on withdrawal). Enter your best current market values and revisit regularly. Rules and figures confirmed as of July 2026.
Common questions
How do I calculate my net worth?
Net worth is everything you own (assets) minus everything you owe (liabilities). Add up cash, TFSA, RRSP and pension, other investments, your home's market value, vehicles and other assets, then subtract your mortgage, lines of credit, car loans, credit cards, student loans and other debts. The difference is your net worth, it can be negative, which is normal early in life.
What is the median net worth of a Canadian family in 2023?
According to Statistics Canada's Survey of Financial Security 2023, the median net worth of all Canadian families was $519,700. By age of the main income earner it was about $159,100 under 35, $409,300 for 35–44, $675,800 for 45–54, $873,400 for 55–64, and $738,900 for 65 and older.
What is liquid net worth?
Liquid net worth is your financial assets, cash, TFSA, RRSP, and other investments, minus your consumer debt like credit cards, car loans and lines of credit. It deliberately excludes your home, your vehicles and your mortgage, because you can't easily spend a house. It shows what you could actually access in an emergency without selling where you live.
Is it bad to have most of my net worth in home equity?
It's common in expensive markets, but being house-rich and cash-poor is risky. If home equity is most of your net worth and your liquid savings are thin, you have little cushion for job loss or emergencies. Keep an emergency fund and diversified investments growing alongside your mortgage paydown.
How often should I update my net worth?
Quarterly is enough for most people, often enough to catch trends, rarely enough to avoid obsessing over market noise. Save a dated snapshot each quarter and watch the trend line rather than any single number.