Determine Your Net Worth

Your net worth is simply the difference between what you own (assets) and what you owe (liabilities). It gives you a picture of your financial health at a specific point in time. Completing the net worth statement at least on an annual basis will help you measure your progress toward achieving your goals. In order to use the tool you will require copies of your most recent bank account, investment and life insurance statements. In addition, information regarding the value of current assets and debts are needed.

	When entering amounts, you should round to the nearest dollar figure.

Step: 1

	A.	Liquid Assets	Current Value
		Chequing Accounts	$
		Savings Accounts	$
		GICs & T-Bills	$
		Cash Value of Life Insurance Policies	$
		Money Market Mutual Funds	$
		Other Liquid Assets (i.e. money owed to you, tax return etc.)	$

	B.	Long-Term Assets	Current Value
		Mutual Funds (non-money market)	$
		Stocks	$
		Bonds	$
		RRSPs/RRIFs/RESPs	$
		Company Pension Plan	$
		Other Long Term Assets	$

	C.	Property Assets	Current Value
		Principal Residence	$
		Vacation Property	$
		Other Real Estate	$
		Vehicles	$
		Jewelry/Art/Collectibles	$
		Other Property Assets	$

Step: 2

		Liabilities	Current Value
		Mortgage (principal residence)	$
		Other Mortgages	$
		Personal Line of Credit	$
		Auto Loans	$
		RRSP Loans	$
		Investment Loans	$
		Credit Cards	$
		Other Loans	$

Please note: some browsers may not retain data when returning to this page. We recommend you print a copy prior to submitting.

Ideally, you want to see your assets increase and your liabilities decrease over the long term.

Completing the net worth statement at least on an annual basis will help you measure your progress toward achieving your goals.