Canadian net worth calculator: how do you compare by age?
Your net worth is what you own minus what you owe. In 2023, the median for Canadian families and people living on their own was $519,700. It was $159,100 where the main earner was under 35, and peaked at $873,400 for 55 to 64. Add your accounts, home and debts below to see yours and where it sits for your age.
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Median net worth by age: people on their own
How net worth is counted
- Net worth is everything you own minus everything you owe: what you would have left if you sold every asset today and paid off every debt. Statistics Canada uses the same definition.
- Count accounts and investments at today's market value, not what you put in: TFSA, RRSP, RRIF, FHSA, RESP, non-registered accounts, cash and GICs.
- Count your home and any other property at what it would sell for now, then subtract the mortgage and any line of credit borrowed against it.
- An RRSP or RRIF counts at its full value, as it does in Statistics Canada's figures, even though every withdrawal is taxed as income. What you could actually spend from it is less.
- A workplace pension counts at what the pension you have earned so far is worth today. CPP, QPP and OAS don't count: they are future income, not something you own.
- Debts include every mortgage, home equity and personal lines of credit, credit card balances, car loans, student loans and any other money you owe.
Source data: Statistics Canada, Survey of Financial Security 2023 (table 11-10-0016-01) · Last updated
Median net worth by age in Canada, 2023
Statistics Canada's Survey of Financial Security is the official measure of what Canadians own and owe. It groups families by the age of the person with the highest income, and counts people who live alone, or with people they aren't related to, separately from families.
| Age of main earner | Everyone | Families | On their own | Average, everyone |
|---|---|---|---|---|
| Under 35 | $159,100 | $241,900 | $70,000 | $459,800 |
| 35 to 44 | $409,300 | $517,500 | $168,800 | $753,500 |
| 45 to 54 | $675,800 | $835,900 | $310,000 | $1,150,800 |
| 55 to 64 | $873,400 | $1,256,400 | $395,000 | $1,347,300 |
| 65 and older | $738,900 | $1,109,700 | $475,900 | $1,204,500 |
| All ages | $519,700 | $712,900 | $278,200 | $995,900 |
Medians in 2023 dollars, from table 11-10-0016-01, released October 29, 2024. The average column runs well above the median because a few very wealthy families pull it up. The next survey, for 2025, has no release date yet.
Net worth percentiles in Canada: the middle of each tenth
Statistics Canada also ranks all Canadian families and people on their own by net worth and splits them into tenths. It publishes the median inside each tenth, not where each tenth starts, so the calculator places you between two of these figures rather than at an exact percentile.
| Tenth of Canadians, 2023 | Median net worth inside it |
|---|---|
| Lowest tenth | $1,000 |
| Second tenth | $31,800 |
| Third tenth | $109,500 |
| Fourth tenth | $249,400 |
| Fifth tenth | $420,000 |
| Sixth tenth | $627,000 |
| Seventh tenth | $910,000 |
| Eighth tenth | $1,270,700 |
| Ninth tenth | $1,917,000 |
| Highest tenth | $3,435,000 |
So the line into the top 10% sits between $1,917,000 and $3,435,000, and the overall median, $519,700, falls between the fifth and sixth tenths. These are all ages together: $249,400, the middle of the fourth tenth, is below the national median but well above the $159,100 median for under 35.
Net worth questions, answered
What is the average net worth in Canada?
Statistics Canada's Survey of Financial Security puts the median net worth of Canadian families and people living on their own at $519,700 in 2023, and the average at $995,900. The average is almost twice the median because the wealthiest families pull it up, so the median is the better guide to a typical household. StatCan's quarterly household accounts, a modelled estimate, put the average at $1,078,642 per household in Q4 2025.
What is the median net worth by age in Canada?
In 2023, by the age of the main earner: under 35, $159,100; 35 to 44, $409,300; 45 to 54, $675,800; 55 to 64, $873,400; 65 and older, $738,900. Net worth peaks just before retirement and falls as savings are spent. The table above splits each age group into families and people on their own.
What net worth puts you in the top 10% in Canada?
Statistics Canada doesn't publish the cut-off, only the middle of each tenth. In 2023, the middle of the ninth tenth had $1,917,000 and the middle of the top tenth had $3,435,000, so the line into the top 10% sits somewhere between the two. Those figures cover every age together.
Does my house count toward my net worth?
Yes, at what it would sell for today, with the mortgage and any home equity line subtracted. For many Canadian homeowners the home is the largest single item, which is why the calculator also shows your net worth without the home and its mortgage: the part you could use without selling where you live.
Should I count my RRSP at full value?
Statistics Canada does, and so does this calculator, so the comparison is like for like. Every RRSP or RRIF withdrawal is taxed as income in the year you take it out, so an RRSP is worth less in your hands than its balance. A TFSA has no such gap: withdrawals are tax-free.
Do CPP and OAS count in net worth?
No. Statistics Canada leaves out CPP, QPP and OAS because they are future income rather than assets you own and could sell. A workplace pension does count, valued at what you have earned in it so far. A defined benefit plan's annual statement may show this as a termination or commuted value.
Is it normal to have a negative net worth?
It is common early on, when student loans and a car loan outweigh a few years of savings. In 2023, the lowest tenth of Canadian families and people on their own owed more than they owned on average. What matters more is the direction: a negative figure that grows less negative each year is progress.
How do I track my net worth over time?
Add it up the same way, on the same day, every month or quarter, and watch the trend rather than any one month. A spreadsheet works; apps save the typing. Some connect to your bank and brokerage accounts (Wealthica and Kubera do). Looniee connects to nothing: it keeps your investment accounts current from file imports and what you type, with TFSA, RRSP and FHSA room tracked alongside.
Related calculators and guides
Looniee is a Canadian net worth tracker that keeps this number current: every investment account at every institution, priced daily, with a home, car or other asset added by hand and TFSA, RRSP and FHSA room alongside. It doesn't track debts as separate items, so add a home at its equity. Create a free account or try the live demo.
Informational only. Statistics Canada's figures are survey estimates for 2023, in 2023 dollars.