Net Worth Calculator

How to use the net worth calculator

1. Under Assets (what you own), list what you own. Each row has a Category (for example Cash and bank accounts, Investments (TFSA, non-registered), Retirement savings (RRSP, pension), Real estate, Vehicles, Other assets), a Description and an Amount. Use Add an asset for more rows and the × button to remove one.
2. Under Liabilities (what you owe), list your debts the same way: Mortgages, Car loans, Credit cards, Student loans, Lines of credit, Other debts. Use Add a liability for more rows.
3. Choose the Currency.

The tool updates the Total assets, the Total liabilities, your Net worth and your Debt-to-asset ratio as you type, and the Breakdown by category table shows how much each category weighs.

• Tick Remember my entries on this device to find your numbers again next time. They are saved in your browser’s local storage, never sent anywhere.
• Save a snapshot records today’s totals in the Snapshot history, with the change since the previous one and a chart once you have two snapshots.
• Print produces a clean one-page net worth statement.
• Start over empties the lists.

How net worth is calculated

Net worth = total assets − total liabilities

Debt-to-asset ratio = total liabilities ÷ total assets × 100

Example with the default values: $8,000 in bank accounts, $25,000 in a TFSA, $40,000 in an RRSP, a $450,000 home and a $15,000 car make $538,000 of assets. A $320,000 mortgage, a $9,000 car loan and $2,500 on a credit card make $331,500 of liabilities. Net worth is $206,500 and the debt-to-asset ratio is 61.6%.

Tips for an accurate picture

• Use market values: what the home would sell for today, the resale value of a car (not what you paid).
• Enter the current balance of each debt, from your latest statement.
• An RRSP or a pension will be taxed when you withdraw it. Some people enter it net of an estimated tax to be conservative.
• Leave out furniture and everyday items: they rarely sell for much.
• Take a snapshot at the same time every quarter or every year. The trend matters more than the exact figure.

Reading the debt-to-asset ratio

Under 30%: your assets cover your debts comfortably. Between 30% and 60%: typical for a household paying off a mortgage. Over 60%, or a negative net worth: common early in life or after a home purchase, but a signal to focus on reducing debt, starting with high-interest balances. These are rules of thumb, not advice.