Average Net Worth by Age in Canada (2026)
How does your net worth compare to other Canadians your age? Below are percentile breakpoints from Statistics Canada's Survey of Financial Security (SFS) 2019, adjusted to approximate 2023 Canadian dollars.
Canadian Net Worth Percentiles by Age (2026)
Source: Statistics Canada SFS 2019, CPI-adjusted to ~2023 CAD. All values in CAD.
| Age Group | 25th %ile | Median | 75th %ile | 90th %ile | Mean |
|---|---|---|---|---|---|
| 18–24 | $800 | $28,000 | $85,000 | $210,000 | $95,000 |
| 25–29 | $5,000 | $95,000 | $250,000 | $520,000 | $195,000 |
| 30–34 | $18,000 | $195,000 | $450,000 | $850,000 | $380,000 |
| 35–39 | $42,000 | $340,000 | $720,000 | $1.4M | $510,000 |
| 40–44 | $65,000 | $409,300 | $850,000 | $1.6M | $586,000 |
| 45–49 | $95,000 | $550,000 | $1.1M | $2.1M | $800,000 |
| 50–54 | $130,000 | $675,800 | $1.4M | $2.7M | $992,000 |
| 55–59 | $175,000 | $780,000 | $1.6M | $3.1M | $1.2M |
| 60–64 | $210,000 | $873,400 | $1.7M | $3.5M | $1.4M |
| 65+ | $200,000 | $738,900 | $1.4M | $2.9M | $1.1M |
How does Canadian net worth compare to the US?
Canadian median net worth in the 35–44 bracket sits around C$234,400 — significantly higher than the US median of $135,600 USD for the same age group. The primary driver is real estate: Canadian home prices, particularly in Toronto and Vancouver, have pushed home equity to a large share of household wealth.
However, this comparison has a catch. Much of Canadian wealth is concentrated in illiquid home equity. Canadians often have less liquid investment wealth (RRSP/TFSA balances) than their US counterparts with 401k accounts, even if total net worth looks similar.
TFSA vs RRSP: which should you prioritize?
TFSA (Tax-Free Savings Account)
Contributions are made with after-tax dollars, but all growth and withdrawals are completely tax-free — forever. The contribution room accumulates every year (C$7,000 in 2024). Best for most Canadians, especially those who expect to be in the same or higher tax bracket in retirement.
RRSP (Registered Retirement Savings Plan)
Contributions reduce your taxable income now, and growth is tax-deferred until withdrawal. Best if you're in a high tax bracket now and expect to be in a lower bracket at retirement. The key rule: 18% of prior year's earned income, up to the annual limit (C$31,560 in 2024).
Frequently Asked Questions
What is the average net worth by age in Canada?
Based on Statistics Canada SFS 2019 data adjusted to 2023 CAD: Under 35: C$164,000 mean / C$48,800 median. Ages 35–44: C$521,000 mean / C$234,400 median. Ages 45–54: C$890,000 mean / C$358,400 median. Ages 55–64: C$1,380,000 mean / C$690,000 median. Ages 65+: C$1,190,000 mean / C$543,200 median.
How does Canadian net worth compare to the US?
Canadian median net worth in the 35–44 bracket (C$234,400) is significantly higher than the US median ($135,600 USD) for the same age group — largely driven by Canada's hot real estate market pushing up home equity. However, the US has much higher top-end wealth concentration, so mean values are higher in the US.
What tax-advantaged accounts should Canadians use?
Canadians have two main tax-advantaged vehicles: the TFSA (Tax-Free Savings Account), where all growth and withdrawals are tax-free, and the RRSP (Registered Retirement Savings Plan), which provides a tax deduction on contributions and defers tax until withdrawal. Maximize your TFSA first if you expect to be in the same or higher tax bracket in retirement.
Does the Canadian data include home equity?
Yes. The Statistics Canada SFS data measures total household net worth, which includes real estate equity. This is a major reason why median Canadian net worth in the 35–64 age brackets appears high — Canadian real estate values have risen dramatically since 2019.
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