Add up $765,000 of assets, take away $415,000 of debts, and your net worth is $350,000. The net worth calculator below does that sum for you, and it also shows how much of what you own is really the bank’s.
What goes into a net worth calculation?
Four lines for what you own, four for what you owe, one number each. The table shows the default example, so you can see how the totals build up before you swap in your own figures.
| Assets | Amount | Debts | Amount |
|---|---|---|---|
| Home value | $650,000 | Mortgage balance | $400,000 |
| Investments and retirement accounts | $80,000 | Loans and lines of credit | $12,000 |
| Cash and savings | $15,000 | Credit card balances | $3,000 |
| Vehicles and other assets | $20,000 | Other debts | $0 |
| Total | $765,000 | Total | $415,000 |
The gap is $350,000. Debts come to 54.2% of assets, which is the second number the tool gives you.
What happens if the house or the mortgage changes?
A lot, because the home is the biggest line on both sides. Put the mortgage at $700,000 and net worth falls to $50,000, with debts at 93.5% of assets. A cheaper house hurts just as much: set the home at $400,000 and you’re left with $100,000, and debts climb to 80.6%.
Moving money around is a different story. Say you use $3,000 of savings to clear the credit card. Cash drops, debt drops, and net worth stays at $350,000. The debt share only eases from 54.2% to 54.1%. Paying off a card with savings lowers your risk and leaves your net worth where it was.
Markets matter too. If the $80,000 in investments slips 10%, that’s $8,000 gone, and net worth reads $342,000 instead of $350,000. Nothing was spent, yet the number moved.
Where do people get this wrong?
Mostly on the house. A listing price, or an old assessment, can sit well above what the place would fetch after selling costs, so lean cautious. Investments swing too, and a number typed in after a good month may look silly by the next one.
The tool skips things that are hard to price, like furniture, and future bills, like the tax that will be due when you cash in retirement savings. It doesn’t look at income either. Someone with a big net worth and no cash can still struggle every month, while someone with a small one who saves steadily is in decent shape. Redo the sum once a year, valuing the home the same way each time, because the direction of travel says more than any single snapshot.
Should retirement accounts and the house count in full?
Most people include both in full, and that works as long as you do it the same way every time. Keep in mind that an RRSP balance isn’t all yours to spend: the CRA’s page on RRSP withdrawals says the amount counts as income and tax is withheld, while TFSA withdrawals carry no tax. And the home is hard to spend without moving. If you want a second, stricter view, run the sum again with only cash, savings and investments against your non-mortgage debts. In the default example that’s $95,000 against $15,000, so the picture looks quite different from the headline figure.
What can you do with your net worth number?
Start with cash flow. The monthly budget calculator shows how much is free for debt or savings. If a card balance is dragging you down, the credit card payoff calculator gives a plan and an end date. And to see where steady saving could leave you at retirement, try the retirement calculator.
What this page is based on
The calculator uses only the figures you enter, so no rate or limit can go stale. Total assets are the four asset lines added up, total debts are the four debt lines added up, and net worth is one minus the other. The debt share is debts divided by assets. Every input is yours. No level of government runs or endorses this site.
About this calculator
- What it does
- Add up your assets and debts to see your net worth.
- Category
- Savings, Interest and Budget
- Last checked
- September 30, 2026
- Result type
- Estimate for information only, not tax advice.
Frequently asked questions
What is net worth?
Net worth is what you own minus what you owe. Add up your assets (home, investments, cash, vehicles), subtract your debts (mortgage, loans, cards), and the result is your net worth. With $765,000 of assets and $415,000 of debts, it is $350,000.
What counts as an asset in a net worth calculation?
Your home, investments and retirement accounts, cash and savings, and things like a vehicle. Use what each would likely fetch if you sold it today. A listing price or an old assessment can sit above the real sale value, so lean cautious.
What counts as a debt in a net worth calculation?
The mortgage balance, loans and lines of credit, credit card balances and anything else you owe to someone. Enter the amount still owing today, which is what the lender would ask you to pay to clear it.
Can net worth be negative?
Yes. If your debts are bigger than your assets, the result drops below zero and the calculator shows it as a negative number. That is common early in a career or after buying a home with a small down payment.
Does paying down a credit card raise my net worth?
Not if the money comes from savings. Cash falls by the same amount as the debt, so net worth holds still, though your debt share dips a little. Net worth rises only when income, savings or asset values grow.
Are RRSP and TFSA balances counted at full value?
Most people count both in full. An RRSP balance is not all yours to spend, because tax is due on withdrawals, while a TFSA withdrawal is not taxed. For a stricter view, run the sum again with only cash, savings and investments against non-mortgage debts.
Sources and updates
Updated: . How we check rates · Editorial team · Updates