Buyer Resources

Calculating Your Net Worth

Assets
Value of property you own
$ 
Value of vehicles you own
$ 
Amount in savings and chequing accounts
$ 
Savings certificates, bonds, etc.
$ 
Amount in other bank accounts
$ 
RRSP funds that you can use for your down payment
$ 
Other RRSP funds
$ 
Investments, stocks, mutual funds
$ 
Other assets
$
Total Assets
Liabilities
Any loans for property you own
$ 
Car loans
$ 
Personal loans or lines of credit*
$ 
Credit cards*
$ 
Student loans
$ 
Other loans
$ 
Total Liabilities
Net Worth
(Total Assets minus Total Liabilities)
* For lines of credit and credit cards, some financial institutions consider the credit limit while others consider the current ammount owed. Depending on what your financial institution looks at, you might want to use the credit limit for your net worth calculation.