Your net worth is the value of all of your assets, minus the total of all of your liabilities. Put another way, it is what you own minus what you owe. If you owe more than you own, you have a negative net worth. If you own more than you owe you will have a positive net worth. This calculator helps you determine your net worth. It also estimates how your net worth could grow (or shrink!) over the next ten years.
By changing any value in the following form fields, calculated values are immediately provided for displayed output values. Click the view report button to see all of your results.
Annual asset growth: This is the annual rate you estimate that your assets will grow (or shrink with a negative rate). We use this to estimate the future total value of your assets for year two and beyond.
Annual liability growth: This is the annual rate you estimate that your liabilities will grow (or shrink with a negative rate). We use this to estimate the future total of your liabilities for years two and beyond. This is not the interest rate you are charged, but the change in your total outstanding balances year to year. If you believe your debt will be stable over time, not increasing or decreasing, you should enter zero.
Home: Current value of your home. This should be as close as possible to the actual market value of your home. If you have owned your home for a number of years, the current market value could be significantly higher than your original purchase price.
Other real estate: The value of any other real estate you may own. Include second homes, undeveloped land, rental property or any commercial buildings you may have an interest in. As with your home, use the actual market value of this real estate.
Automobiles: This is the total value of all automobiles that you own. Do not include any leased vehicles.
Other vehicles: If you own any other vehicles, such as RVs, campers or collectibles, enter them here.
Jewelry: The value of any jewelry, gems or precious metals such as gold. If you have owned these items for a number of years their value may have changed, remember to use the current market value.
Household items: The value of your household goods and items. This would include items such as furniture, home electronics, silverware, etc.
Registered retirement accounts: The current total balance of your registered retirement accounts. This would include RRSPs (term deposits, mutual funds), RRIFs, Employer Pension Plans, annuities and any other registered retirement savings you may have, such as TFSAs.
Bonds: If you own any federal, provincial, municipal, or corporate bonds enter the total here.
Stocks: If you own any individual stocks, enter the total here. Again, do not include any stocks that are held in a registered retirement account.
Mutual funds: If you own any mutual funds, enter the total here. Do not include any mutual funds that are in your registered retirement accounts, they were already included in the 'Registered retirement accounts' line.
Cash value of life insurance: Some life insurance has a cash value. This is true for Whole Life and Universal Life policies. Term Life policies, on the other hand, usually have no cash value. If you have life insurance with a cash value, enter the total here. Remember, this should be the cash value of the policy, not the amount paid out if you were to collect on the policy.
Savings bonds: If you own any Savings Bonds enter the total here.
Chequing and savings: The current total balance of your chequing and savings accounts.
Cash: If you have any other cash, enter the total here.
Other: If you have any other assets of value, you can enter the total here.
Home mortgage principal: This is the current principal balance remaining on your mortgage. This is the amount that you would have to pay to own your home free and clear.
Other mortgage principal: This is the current principal balance for any other real estate mortgages you may have. This includes mortgages on rental property, undeveloped land, commercial property or any other real estate.
Auto loans: Total amount you currently have outstanding on your auto loans.
Student loans: Total amount, if any, that you currently owe in student loans. You should enter the total outstanding even if these loans are currently in deferment.
Credit card debt: Your total credit card debt.
Other loans: Total amount, if any, of any other loans you may have.