5 min
How to calculate your net worth in Canada
Quick summary
Net worth is your assets minus your liabilities. Add up what you own, subtract what you owe, and track it once or twice a year. Use thenet worth calculator to do the maths.
Checked November 3, 2026. Main source: CheckFirst (Alberta Securities Commission): net worth calculator and lists. See all 1 source.
What to count
| Assets (what you own) | Liabilities (what you owe) |
|---|---|
| Chequing and savings accounts | Mortgage |
| GICs and term deposits | Car loans or leases |
| Stocks, bonds and mutual funds | Credit card balances |
| RRSP, TFSA and pension value | Lines of credit |
| Value of your home and car | Income and property tax owing |
| Cash value of life insurance | Other debt |
A simple example
Assets: $12,000 in savings, $20,000 in a TFSA and $9,000 for a car, which is $41,000. Liabilities: a $6,000 car loan and $3,000 on a credit card, which is $9,000. Net worth is $41,000 minus $9,000, which is $32,000.
How to use the number
- Compare it with your own past numbers, not with other people.
- Use the same values each time. For a home or car, use a realistic sale value.
- A negative number is common early in life, especially with student loans. The direction over time matters most.
Questions people ask
What is net worth?
Net worth is the total of your assets minus the total of your liabilities.
How often should I check it?
Once or twice a year is enough for most people. The point is the trend.
Does my home count?
Yes, as an asset at its realistic value, with the mortgage counted as a liability.