Net Worth Calculator by Age Group (Canada, 2026)
Add up what you own, subtract what you owe, and see your net worth, your liquid net worth, your home equity and how much of what you own is borrowed. Then compare with the median and average for your age group from Statistics Canada's Survey of Financial Security. No sign-up, and nothing leaves your browser.
| What you own | $795,000.00 | |
| What you owe | − $434,000.00 | |
| Net worth | $361,000.00 | |
| Liquid net worth | Cash and investments you could sell, less debts not tied to property | $111,000.00 |
| Home equity | Home value less the mortgage and the home equity line | $230,000.00 |
| Debt as a share of what you own | $434,000 owed on $795,000 of assets | 54.6% |
| Survey, 2023 | 35 to 44 | All ages |
|---|---|---|
| Median (the middle family) | $409,300 | $519,700 |
| Average (pulled up by the wealthiest) | $753,500 | $995,900 |
| You | $361,000 | $361,000 |
The survey counts economic families, so a couple's wealth is combined into one figure. If you are single and entered only your own balances, compare with care. The figures are in 2023 dollars and are the most recent Statistics Canada has published.
Show the math
Net worth = everything you own − everything you owe. Liquid net worth = chequing and savings + TFSA + RRSP and RRIF + FHSA + non-registered investments − (credit cards + car loans + student loans + other debts). It leaves out the home, other property, pensions and vehicles because they take time to sell, and it leaves out the mortgages and the home equity line because they are secured on property. Home equity = home value − mortgage − home equity line. Debt as a share of assets = total debts ÷ total assets. RRSP and RRIF balances are counted in full, before the tax you would pay to withdraw them, which is how the survey counts them too. The median is the middle family when every family is lined up by net worth. The average adds every family's net worth and divides by the count, so a small number of very wealthy families pull it up.
How this calculator works
Net worth is everything you own less everything you owe. It is the one number that sums up your financial position on a given day, and the direction it moves over the years matters more than the level on any one day.
The calculator adds your cash, registered accounts, other investments, pension, home, other property and vehicles to get what you own. It adds every mortgage, line of credit, card balance and loan to get what you owe. The difference is your net worth. It can be negative, which is common early on when student loans or a new car loan are larger than savings.
Liquid net worth is the part you could put your hands on within days: chequing and savings, TFSA, RRSP and RRIF, FHSA and non-registered investments, less the debts that are not secured on property, such as credit cards, car loans, student loans and personal loans. It leaves out your home, other property, pension and vehicles, because they take time to sell or cannot be sold at all, and it leaves out mortgages and the home equity line, because they go with the property.
Home equity is your home’s value less the mortgage and the home equity line of credit drawn against it. Debt as a share of what you own is total debts divided by total assets. A high share means most of what you own is borrowed, which is normal soon after buying a home and shrinks as the mortgage is paid down.
The comparison uses Statistics Canada’s Survey of Financial Security, which asks a sample of Canadian families what they own and owe. The survey reports the median and the average net worth by the age of the family’s main income earner. The calculator finds your age group and shows both figures next to yours.
Net worth by age group, Survey of Financial Security 2023
| Age of main income earner | Median net worth | Average net worth |
|---|---|---|
| All ages | $519,700 | $995,900 |
| Under 35 | $159,100 | $459,800 |
| 35 to 44 | $409,300 | $753,500 |
| 45 to 54 | $675,800 | $1,150,800 |
| 55 to 64 | $873,400 | $1,347,300 |
| 65 and older | $738,900 | $1,204,500 |
The figures are per economic family in 2023 dollars. Half of the families in each group sit above the median and half below it.
Worked example: a 38-year-old homeowner
What they own: $15,000 in chequing and savings, $40,000 in a TFSA, $60,000 in an RRSP, $10,000 in non-registered investments, a home worth $650,000 and a car worth $20,000. What they owe: a $420,000 mortgage, $12,000 on the car loan and $2,000 on credit cards.
| Line | Amount |
|---|---|
| What you own | $795,000.00 |
| What you owe | $434,000.00 |
| Net worth | $361,000.00 |
| Liquid net worth | $111,000.00 |
| Home equity | $230,000.00 |
| Debt as a share of what you own | 54.6% |
The median for the 35 to 44 group was $409,300, so this family is below the median by $48,300. Most of their net worth is home equity. Their liquid net worth of $111,000.00 is what they could reach without selling the house.
Assumptions
- Every balance is what it is worth today. Enter today’s selling price for the home and the vehicles, not the purchase price.
- RRSP and RRIF balances count in full, before the tax due on withdrawal, which matches how the survey counts them.
- A defined benefit pension counts at its commuted value if you enter one. Left at zero, your true net worth is higher than shown.
- Negative entries are treated as zero. A negative net worth comes from debts larger than assets, not from a negative balance.
- The survey compares economic families, so a single person is being measured against a mix of singles and couples.
- Nothing here is a government rule or a recommendation. It is arithmetic and a published survey.
Common questions
Frequently asked questions
- What counts as an asset in a net worth calculation?
- Anything you own that could be turned into money: bank balances, TFSA, RRSP, FHSA and non-registered investments, the value of a pension, your home and any other property at today's selling price, vehicles and anything else of resale value. Use today's market value, not what you paid. Household contents are usually left out unless something is worth a lot.
- Should I count my RRSP at its full value when the withdrawals will be taxed?
- The usual convention, and the one the Statistics Canada survey uses, is to count the full balance. If you want a stricter figure, reduce the RRSP by the tax you expect to pay on withdrawal. The GlassLayer take-home pay calculator shows the rate that would apply to a given amount of income in your province.
- How do I value a defined benefit pension?
- Use the commuted value on your annual pension statement if it shows one. That is the lump sum the plan would pay today in place of the future pension. If the statement does not show it, leave the pension at zero and note that your true net worth is higher, or ask your plan administrator for the figure.
- Does the value of my car belong in my net worth?
- Yes, at what it would sell for today, with the loan balance counted as a debt. Cars lose value quickly, so a new car often adds less to net worth than its loan takes away. The calculator keeps vehicles out of liquid net worth because you cannot sell one without replacing it.
- Why is the median so different from the average?
- The median is the middle family when every family is lined up by net worth, so half are above it and half below. The average adds up every family's net worth and divides by the number of families. A small number of very wealthy families push the average far above the median, which is why the median is the better guide to a typical family.
- Is the survey figure for one person or a household?
- It is for an economic family, which means everyone in a household related by blood, marriage, common-law or adoption, with their wealth combined. A couple's figure is the couple's total. The age group is based on the family's main income earner. A single person living alone is their own economic family, so a single person's net worth is being compared with a mix of singles and couples.
- Why is the survey from 2023?
- The Survey of Financial Security is run every few years rather than every year. The 2023 survey is the most recent one Statistics Canada has published. Home prices and investment values have moved since then, so treat the comparison as a rough benchmark rather than a current ranking.
- How often should I recalculate my net worth?
- Once or twice a year is enough to see the trend. The direction matters more than the level. Net worth usually grows slowly for a long time and then faster once a mortgage is mostly paid off and investments have had years to compound. Share the link from this page and you can come back to the same figures later.
Sources
Sources
Every figure on this page comes from one of these primary sources. Data last verified .
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