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Net Worth Calculator Canada
Calculate your net worth and compare to other Canadians by age group
✓ Canadian Benchmarks · ✓ Percentile Rank · ✓ Free
Used to compare your net worth to other Canadians
Your net worth
$0
Total Assets: $0
Total Liabilities: $0
Debt-to-Asset Ratio: 0.0%
Healthy
Financial health score
20/100
Needs Attention
Build emergency fund to $10,000+
Asset Allocation
How you compare to Canadians
Median net worth by age (Statistics Canada 2023)
Median for your age group: $234,000
Enter your assets above
You are in approximately the top 100% of Canadians in your age group
Frequently Asked Questions
What is net worth and how do I calculate it?
Net worth is the total value of everything you own (assets) minus everything you owe (liabilities). Assets include cash, investments, real estate, and vehicles. Liabilities include mortgages, loans, and credit card debt. A positive net worth means you own more than you owe.
What is the average net worth of a Canadian?
According to Statistics Canada's Survey of Financial Security 2023, the median household net worth in Canada is approximately $385,000. However, this varies significantly by age — the median for Canadians aged 35-44 is $234,000, while for those aged 55-64 it is $690,000. Real estate equity is the largest component for most Canadian households.
Should I include my RRSP and TFSA in net worth?
Yes, both RRSP and TFSA balances are included in net worth calculations. Note that RRSP withdrawals are taxed as income, so some financial planners suggest using 70-80% of your RRSP value to account for future taxes. TFSA withdrawals are tax-free so the full balance counts.
Should I include my home in net worth?
Yes — include your home's current market value as an asset and your remaining mortgage balance as a liability. The difference (equity) is your net contribution to net worth. In Canada, home equity is the largest asset for most households, especially in Ontario and BC.
What is a good net worth by age in Canada?
Based on Statistics Canada data, median net worth by age group: Under 25: $12,000 | 25-34: $75,000 | 35-44: $234,000 | 45-54: $521,000 | 55-64: $690,000 | 65+: $543,000. These are medians — half of Canadians in each group have more, half have less. Being above the median for your age is a strong indicator of financial health.