Net Worth Calculator Canada

Net worth is the one number that summarises your whole financial life: everything you own minus everything you owe. This calculator adds up your home, investments, cash and other assets, subtracts your mortgage and debts, and gives you the figure worth tracking once or twice a year.

Value of your home ($)Investments: RRSP, TFSA, other accounts ($)Cash and bank balances ($)Other assets: vehicles, valuables ($)Mortgage balance ($)Car and other loans ($)Credit card balances ($)Other debts ($)

Use honest market values: what the home and vehicles would sell for, not what you paid. Pension value is hard to price; many Canadians include a workplace pension’s commuted value if a statement provides one, or leave it out consistently.

How it works

The example household owns $810,000 and owes $441,500, for a net worth of $368,500. Notice what moves the number: mortgage payments transfer value from the debt column to the asset column, investment growth raises assets, and consumer debt is the purest leak because it buys things whose resale value is near zero.

Net worth is a poor judge month to month (house prices and markets wobble) and an excellent judge over five years. Statistics Canada’s Survey of Financial Security put the median Canadian family’s net worth at roughly $520,000 in 2023, with homeowners and older families well above that and renters under 35 far below, which shows how strongly the number tracks age and housing.

Worked example

The calculator’s own output for the example household above:

Item	Amount
Home + investments + cash + other assets	$650,000.00 + $120,000.00 + $15,000.00 + $25,000.00 = $810,000.00
Mortgage + loans + credit cards	$420,000.00 + $18,000.00 + $3,500.00 = $441,500.00
Net worth	$368,500.00

Frequently asked questions

What is a good net worth by age in Canada?

Statistics Canada medians (2023 survey): families under 35 were around $160,000, the 55 to 64 group around $1.1 million, and the overall median about $520,000, heavily influenced by home ownership and pensions. Use medians as context, not as a verdict on your own plan.

Should I include my home in net worth?

Yes, at a realistic selling value, with the mortgage on the debt side. Some planners also track a second, liquid net worth that excludes the home, because you cannot spend a bedroom.

How often should I calculate net worth?

Once or twice a year is enough. More often mostly measures market noise. Record the date and the number, and look at the change over years, driven by savings, debt repayment and market returns together.

Does net worth include CPP and OAS?

Usually not, because they are income streams without a saleable value, though some analysts capitalise them. Leaving them out, consistently, is the common approach; they still reduce how much portfolio your retirement needs.

Why can net worth fall while I do everything right?

A housing or market downturn lowers asset values even as you save. If your savings and debt payments are steady, the trend recovers with values; judge the inputs you control separately from prices you do not.

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For education only. This calculator gives estimates, not financial, tax or legal advice. Figures use 2026 rates where a rate is built in; confirm your own numbers before making a decision.