Calculate your net worth by entering your assets and liabilities. See where you stand vs Canadian averages and get personalized insights.
| Age Group | Median Net Worth | Avg Net Worth | What Drives It |
|---|---|---|---|
| Under 35 | $68,300 | $157,000 | Early savings, some home equity |
| 35â44 | $234,000 | $476,000 | Growing home equity, RRSP |
| 45â54 | $521,000 | $907,000 | Peak earning, home equity, investments |
| 55â64 | $780,000 | $1,310,000 | Pre-retirement wealth peak |
| 65+ | $615,000 | $950,000 | Drawing down retirement assets |
Statistics Canada Survey of Financial Security, approximate figures. Median is the midpoint â half of Canadians have more, half have less.
Two simple moves: (1) Switch to KOHO and save $200+/year in bank fees that go directly to your net worth. (2) Put your liquid savings in EQ Bank at 3.75% instead of 0.01% at a big bank. These two changes can add $1,500â$3,000 to your net worth annually.
Open KOHO Free + $100 Bonus âFor most Canadians, home equity is 50â70% of total net worth. Every extra mortgage payment directly increases your net worth. Bi-weekly payments and annual lump sums can shave years off your mortgage.
Credit card debt at 20â29% interest is the biggest net worth destroyer. Paying off $5,000 in credit card debt is equivalent to earning 20% risk-free â better than any investment.
$500/month invested at 7% from age 25 = $1.3M at 65. The same $500/month starting at 35 = only $610K. Starting early doubles the outcome. Use TFSA first, then RRSP.
$200/year in bank fees invested at 7% over 30 years = $19,000 in lost net worth. Switching to KOHO ($0 fees) is the simplest net worth improvement available.