Total assets
Cash, investments, retirement accounts, real estate, vehicles, business interests, and other assets are added at entered current values.
Specialized Financial Planning Calculators
Net Worth Calculator Canada
Build a personal balance sheet showing total assets, total liabilities, net worth, liquid net worth, housing equity, debt-to-asset ratio, and real-estate concentration.
Personal balance sheetLiquid net worthHousing equityDebt-to-asset ratio
Calculation inputs
Build a personal balance sheet
List current asset values and outstanding liabilities to calculate net worth, liquid net worth, housing equity, and leverage.
Assets
$
$
$
$
$
$
Other assets and all liabilities
$
Liabilities
$
$
$
$
$
$
$
How the calculation works
Understand the formula before relying on the result
Total liabilities
Mortgage, line-of-credit, credit-card, vehicle, student, tax, and other debts are combined using current balances.
Net worth
Total liabilities are subtracted from total assets.
Liquidity and concentration
The model separately calculates liquid net worth, housing equity, debt-to-assets, and the share of assets represented by real estate.
Interpret the result
Net worth is a snapshot
It should be updated as values and balances change and does not replace a cash-flow or retirement plan.
Liquidity differs from wealth
A high net worth concentrated in property or a business may not provide cash for emergencies or closing.
Valuation quality matters
Overstated property, vehicle, or business values can make the result misleading.
Debt composition matters
Two households with the same liabilities can face different risk depending on rates, payments, security, and maturity.
Common mistakes
- Using original purchase prices instead of current supportable values.
- Entering credit limits rather than balances—or omitting debts entirely.
- Treating retirement accounts as immediately spendable without tax or access constraints.
- Ignoring tax liabilities and shareholder or family debts.
- Equating positive net worth with strong monthly cash flow.
What lenders review
- Liquid assets and verification documents.
- Real-estate values, mortgage balances, and property cash flow.
- Business ownership and supportable valuation where relevant.
- All debts, monthly payments, guarantees, and contingent liabilities.
- Source of down payment and post-closing reserves.
Planning tips
- Update the statement at least annually and before a major application.
- Use conservative values and exact current debt balances.
- Separate liquid assets from property and business equity.
- Track net-worth change rather than only the absolute number.
- Use the Home Equity and Emergency Fund calculators for deeper liquidity analysis.
Connected HopeWell knowledge
Connect the net worth calculator to the mortgage decision
Use the result alongside HopeWell's guide chapters, glossary definitions, real underwriting case studies, service pages, and related calculators.
Calculation pathway
Related mortgage calculators
Continue into qualification, purchase costs, equity, refinancing, HELOC planning, and mortgage comparison using the connected calculators below.
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Home Equity Calculator Canada
Estimate gross equity, accessible equity, sale equity, and secured borrowing room under multiple LTV assumptions.
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Emergency Fund Calculator Canada
Size an essential-expense reserve, measure current coverage, calculate the savings gap, and estimate time to target.
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Down Payment Planner Canada
Calculate the minimum and desired down payment, closing-cost reserve, projected savings, shortfall, and required monthly contribution.
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Mortgage Debt Consolidation Calculator
Compare unsecured debts with a mortgage consolidation by LTV, cash flow, transaction costs, and long-run interest.
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Reverse Mortgage Estimator Canada
Estimate equity-release capacity, cash available after secured debt, projected balance growth, future home value, and remaining equity.
Frequently asked questions
Questions about this calculation
How is net worth calculated?
Add the current value of all assets, add all outstanding liabilities, and subtract liabilities from assets.
What is liquid net worth?
This calculator treats cash and non-registered investments as liquid assets, then subtracts non-mortgage liabilities. Retirement accounts remain part of total assets but are shown separately because access and tax may differ.
Should I include my home?
Yes, at a reasonable current value, along with the outstanding mortgage. The difference contributes to housing equity.
How do I value a private business?
A professional valuation may be required. A rough owner estimate can be highly uncertain and should be labelled accordingly.
Does a high net worth guarantee mortgage approval?
No. Lenders also review income, credit, debts, liquidity, property, qualification rules, and the specific net-worth program if one is used.