Add up everything you own and owe — your net worth is your single best financial health metric.
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Your net worth will calculate instantly.
Net worth is the single most important number in your financial life. It's simply everything you own minus everything you owe. A positive and growing net worth means you're building wealth over time — regardless of income level.
According to Statistics Canada, median family net worth varies widely by age. Canadians under 35 have a median net worth of around $48,000, while those aged 55–64 peak near $690,000. These are medians — half of Canadians are above, half below. Don't be discouraged if you're starting behind — what matters is the trend.
Net worth grows two ways: increasing assets (saving and investing) and decreasing liabilities (paying down debt). In Canada, the most effective tools are maximizing your TFSA and RRSP for tax-sheltered growth, paying down high-interest debt aggressively, and building home equity over time.
Yes — your primary residence is a legitimate asset, offset by your outstanding mortgage. However, it's illiquid — you can't spend home equity without selling or borrowing against it. Many financial planners track "investable net worth" separately (excluding primary residence) to better gauge financial flexibility.
Asset values are self-reported estimates. Use current market values where possible. Pension values should use the commuted value if available. Not financial advice — consult a financial planner for a complete financial picture.