Composition of assets (including Employer Pension Plans valued on a termination basis) and debts held by all family units, by net worth deciles, Canada and geographical regions of Canada.

Wealth and its subcomponent distributions, dollar values and dollar value per household, by household characteristics such as income quintile, age, housing tenure and composition, Canada, annual 2010 to 2019 and quarterly starting 2020.

Canada CA: Households: Net Worth data was reported at 13,609,027.000 CAD mn in 2020. This records an increase from the previous number of 12,282,617.000 CAD mn for 2019. Canada CA: Households: Net Worth data is updated yearly, averaging 8,238,787.500 CAD mn from Dec 2005 (Median) to 2020, with 16 observations. The data reached an all-time high of 13,609,027.000 CAD mn in 2020 and a record low of 5,168,570.000 CAD mn in 2005. Canada CA: Households: Net Worth data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Canada – Table CA.IMF.FSI: 2006 Methodology: Sectoral Financial Statement: Balance Sheet: Annual.

This table contains 58320 series, with data for years 1999 - 2016 (not all combinations necessarily have data for all years). This table contains data described by the following dimensions (Not all combinations are available): Geography (20 items: Canada; Atlantic; Newfoundland and Labrador; Prince Edward Island; ...); Assets and debts (27 items: Total assets; Private pension assets; Registered Retirement Savings Plans (RRSPs), Registered Retirement Income Funds (RRIFs), Locked-in Retirement Accounts (LIRAs) and other; Employer-sponsored Registered Pension Plans (EPPs); ...); Net worth quintiles (6 items: Total, all net worth quintiles; Lowest net worth quintile; Second net worth quintile; Middle net worth quintile; ...); Statistics (6 items: Total values; Percentage of total assets or total debts; Number holding asset or debt; Percentage holding asset or debt; ...); Confidence intervals (3 items: Estimate; Lower bound of a 95% confidence interval; Upper bound of a 95% confidence interval).

The income quintiles refer to the quintiles estimated at the Canada level and not at the provincial/territorial level. The Income quintiles are assigned based on the equalized household disposable income. This takes into account differences in household size and composition. The Oxford-modified equivalence scale is used; it assigns a value of 1 to the first adult, 0.5 to each additional person aged 14 and over, and 0.3 for all children under 14. Age groups refer to the age group of the major income earner. Life insurance and pensions include the value of all life insurance and employer pension plans, termination basis. Excludes public plans administered or sponsored by governments: Old Age Security (OAS) including the Guaranteed Income Supplement (GIS) and the Spouse's Allowance (SPA), as well as the Canada and Quebec Pension Plans (CPP/QPP). Other financial assets include total currency and deposits, Canadian short-term paper, Canadian bonds and debentures, foreign investments in paper and bonds, mortgages, equity and investment funds, and other receivables. Other non-financial assets include consumer durables, machinery and equipment, and intellectual property products. Excludes accumulation of value of collectibles including coins, stamps and art work. Other liabilities include major credit cards and retail store cards, gasoline station cards, etc., vehicle loans, lines of credit, student loans, other loans from financial institutions and other money owed. The sum of the values for net worth and its components by province and region is less than the total for Canada as they exclude the territories. The coefficients of variation from Statistics Canada's Survey of Financial Security for 2012 and 2016, which serve as indicators of the accuracy of these estimates for net worth and its components, are available in the appendix to Distributions of Household Economic Accounts, estimates of asset, liability and net worth distributions, 2010 to 2019, technical methodology and quality report for the March 2020 release. Distribution of value" is the share of a wealth component (such as total assets) attributable to the various household characteristics (such as lowest income quintile)." This table has been archived and replaced by table 36100661.

All household types in Canada received a higher income after-tax in 2021 than they received in 2019, except for elderly people not in an economic family. This increase was partially due to the higher level of government transfers in 2020.

This table contains data described by the following dimensions (Not all combinations are available): Geography (13 items: Canada; Atlantic Region; Newfoundland and Labrador; Prince Edward Island; ...);  Characteristics (1 item: All households);  Net worth indicators (wealth) (17 items: Financial assets as a share of total assets; Life insurance and pensions as a share of total assets; Other financial assets as a share of total assets; Non-financial assets as a share of total assets; ...).

Households where the major income earner was from 35 to 44 years old had the highest amount of net savings in 2024. That segment saved on average nearly ****** Canadian dollars that year alone. Households of individuals older than 64 had negative net savings amounting to ****** Canadian dollars, which means that their expenses were higher than their revenue. These figures do not show the overall value of savings accumulated in bank accounts and other assets, but the amount of money that households managed to save in a single year.

This table contains data described by the following dimensions (Not all combinations are available): Geography (1 item: Canada);  Characteristics (13 items: All households; Lowest income quintile; Second income quintile; Third income quintile; ...);  Net worth indicators (wealth) (17 items: Financial assets as a share of total assets; Life insurance and pensions as a share of total assets; Other financial assets as a share of total assets; Non-financial assets as a share of total assets; ...).

David Thomson and family had a total net worth of 72.7 billion U.S. dollars, representing the richest in Canada in 2024. Changpeng Zhao, co-founder and executive chairman of Binance, is the second-richest person in Canada, with a net worth of 63.7 U.S. dollars.

Code and data to replicate the results of the article.

Matlab and Stata code for peer-reviewed article published in Review of Economic Dynamics. Paper published online March 4, 2021.

This table contains data described by the following dimensions (Not all combinations are available): Geography (1 item: Canada); Characteristics (13 items: All households; Lowest income quintile; Second income quintile; Third income quintile; ...); Net worth indicators (wealth) (17 items: Financial assets as a share of total assets; Life insurance and pensions as a share of total assets; Other financial assets as a share of total assets; Non-financial assets as a share of total assets; ...).

Composition of assets (including Employer Pension Plans valued on a termination basis) and debts held by all family units, by net worth quintiles, Canada and provinces.

The purpose of the survey is to collect information from a sample of Canadian families on their assets, debts, employment, income and education. This helps in understanding how family finances change because of economic pressures. The SFS provides a comprehensive picture of the net worth of Canadians. Information is collected on the value of all major financial and non-financial assets and on the money owing on mortgages, vehicles, credit cards, student loans and other debts. A family's net worth can be thought of as the amount of money they would be left with if they sold all of their assets and paid off all of their debts. The survey data are used by government departments to help formulate policy, the private sector and by individuals and families to compare their wealth with those of similar types of families.

Composition of assets (including Employer Pension Plans valued on a termination basis) and debts held by all family units, by net worth deciles, Canada and geographical regions of Canada.

Composition of assets (including Employer Pension Plans valued on a termination basis) and debts held by all family units, by net worth deciles, Canada and geographical regions of Canada.

Composition of assets (including Employer Pension Plans valued on a termination basis) and debts held by all family units, by net worth quintiles, Canada and provinces.

During the year 2020, household average net savings in Canada peaked in the second quarter for each income group. Compared to the other groups, households ranked in the highest income quintile displayed considerably higher average net savings during the coronavirus (COVID-19) pandemic. As of the second quarter of 2020, households belonging to this income group reported on average net savings for ****** Canadian dollars.

Assets and debts held by family units, total amounts, by net worth quintile

The average value of net savings per household in Canada increased by *** dollars (+**** percent) since the previous year. In total, the average value amounted to ***** dollars in 2023. This increase was preceded by a declining average value.