# Net Worth Calculator for Your Assets and Debts

> Find your net worth from home value, savings, investments and vehicles less the mortgage, loans and card balances, plus your debt share

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 do you type in?

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%. So paying off a card makes you safer, not richer.

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?

Your call, but be consistent. Most people include both, since they're real wealth. Just remember that an RRSP balance isn't all yours to spend, because tax is due when you take it out, while a TFSA balance is. 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 should you do with the number?

Start with cash flow. The [monthly budget calculator](https://tax-services.ca/calculators/savings-budget/budget-calculator) shows how much is free for debt or savings. If a card balance is dragging you down, the [credit card payoff calculator](https://tax-services.ca/calculators/loans-debt/credit-card-payoff) gives a plan and an end date. And to see where steady saving could leave you at retirement, try the [retirement calculator](https://tax-services.ca/calculators/rrsp-retirement/retirement-calculator).

## What this page is based on

Nowhere outside this page, so nothing 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.

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Source: https://tax-services.ca/calculators/savings-budget/net-worth-calculator
Last updated: 2026-10-05
Independent information site. Not affiliated with the CRA. No services, no guarantee of accuracy. See https://tax-services.ca/disclaimer