This calculator helps you find your net worth percentile is in Canada as either a household or invidiual by age to help you compare your net worth percentile in Canada.
This data is based on the most recent asset and debt by net worth quintile data released by statcan on 2024-10-29.
Average and Median net worth by percentile in Canada
The average net worth of families in Canada for 2023 is $995,900 which is higher than the median net worth of $519,700. The average net worth is skewed by those in the top percentile that hold the majority of the wealth in Canada. Those in the top quintile have an average net worth of $3,160,700. Here is a breakdown of net worth based on the net worth quintiles:
| Quintile | Median Net Worth | Average Net Worth |
|---|---|---|
| Lowest net worth quintiles | $12,800 | $11,200 |
| Second net worth quintiles | $174,300 | $181,500 |
| Middle net worth quintile | $519,700 | $525,800 |
| Fourth net worth quintile | $1,078,600 | $1,100,100 |
| Highest net worth quintile | $2,488,700 | $3,160,700 |
Average and median net worth across provinces in Canada
The province with the highest net worth is British Columbia with an average net worth of $1,265,400 and median net worth of $773,500. While New Brunswick has the lowest net worth with an average of $506,400 and median of $286,200. Since those at the top income percentiles make up the majority of the wealth in Canada the average is much higher than the median net worth value. In many cases the average net worth is close to twice the value of the median net worth.
This is how the average and median net worth varies across Canada based on the province:
| Province | Median Net Worth | Average net Worth | |———-|——————| | British Columbia | $773,500 | $1,265,400 | | Ontario | $665,600 | $1,165,400 | | Alberta | $457,100 | $942,800 | | PEI | $399,800 | $681,100 | | Saskatchewan | $394,600 | $824,800 | | Manitoba | $386,300 | $746,400 | | Quebec | $371,000 | $752,400 | | Nova Scotia | $354,600 | $681,700 | | Newfoundland | $333,500 | $664,800 | | New Brunswick | $286,200 | $506,400 |
Net worth by age in Canada
Net worth in Canada is significantly impacted by age for both economic families and those not in an economic family. Canada only has data that breaks down net worth based on income groups. The net worth is also based on the age of the major income recipient.
| Age Group | Median Net Worth | | Under 35 | $159,100 | | 35 to 44 | $409,300 | | 45 to 54 | $675,800 | | 55 to 65 | $873,400 | | 65+ | $738,900 |