Net Worth Calculator
List your assets and your debts. Net worth is the difference — the single clearest measure of whether your finances are moving forward.
What you own
What you owe
Enter amounts to see this chart.
Enter amounts to see this chart.
| Item | Value |
|---|---|
| Cash & savings | $0 |
| Investments | $0 |
| Home | $0 |
| Vehicle | $0 |
| Other assets | $0 |
| Total | $0 |
| Item | Balance |
|---|---|
| Mortgage | $0 |
| Credit cards | $0 |
| Student loans | $0 |
| Car loan | $0 |
| Other debt | $0 |
| Total | $0 |
What this means
You own $0 more than you owe. What matters is the direction — recalculate every few months and watch the number climb.
How it works
Net worth is everything you own minus everything you owe. It is the single best measure of financial progress, because income alone says nothing about whether you are getting ahead.
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Why net worth beats income
Income tells you what passes through your hands; net worth tells you what you kept. Two people earning the same salary can be tens of thousands apart, and the gap is built by the spending and debt decisions in between.
What to include
Assets: cash, TFSA, RRSP, FHSA, non-registered investments, home value, vehicle. Debts: mortgage, credit cards, lines of credit, car loans and student loans, including any federal or provincial balance. Value assets at what they would realistically sell for today.
Track it quarterly
A single snapshot is not that useful; a trend is. Recording the same figures every three months makes progress visible even in a month where nothing feels like it changed.
Common questions
- Is negative net worth bad?
- Not necessarily. Early on, a mortgage or student loan can outweigh what you own. The direction of travel matters more than the sign.
- Should I count my RRSP at full value?
- Count the balance, but remember RRSP withdrawals are taxable income later, so it is not quite the same as cash in a TFSA.
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