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ASK THE EXPERT



Tim Cestnick:

Throughout the RRSP season, tax expert Tim Cestnick will answer user's questions. Do you have a question related to RRSPs?

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Current question:

• What are the pros and cons of investing inside and outside RRSPs? arrow

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RRSP POLL


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How much foreign content makes up your RRSP?
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21% to 30% 
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  • PREVIOUS REPORTS



    RRSP Report 24/11 arrow

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    Net Worth Calculator



    What are you really worth? Most people have at least a foggy notion of what the concept of net worth is: the number that's left after they take what they own and subtract what they owe. But few of us have probably ever bothered to actually sit down and work it out. Here's some advice: Do it. Think of it as a financial check-up that will tell you whether you are getting ahead or falling behind. It's fairly easy to do - just fill in the boxes below and click the Calculate button.

    Assets
    Liquid Assets [ Learn more... ]
    Cash and chequing accounts $
    Savings accounts $
    Credit union $
    Money market funds $
    Investment Assets
    A. Short-term [ Learn more... ]
    CDs/GICs $
    Treasury bills $
    Cash value of life insurance $
    Other $
    B. Long-term (equity) [ Learn more... ]
    Common/preferred stock $
    Mutual funds and stock $
    RRSP - equity portion $
    Pension/profit sharing - stock $
    Other $
    Long-term (debt) [ Learn more... ]
    CDs - Long-term $
    Corporate/gov't/municipal bonds $
    RRSP - bonds $
    Pension/profit sharing - bonds $
    Other $
    Long-term (miscellaneous) [ Learn more ]
    Limited partnerships $
    Tangible assets $
    Business ownership $
    Real estate (excl. residence) $
    Other $
    Personal Assets [ Learn more... ]
    Residence, vacation home $
    Automobile(s) $
    Personal property $
    Other $
    Liabilities
    Short-term [ Learn more... ]
    Current unpaid bills $
    Credit card balance(s) $
    Instalment loans $
    Other $
    Long-term [ Learn more... ]
    Mortgage $
    Life insurance loans $
    Borrowing from RRSPs/employer $
    Loans to purchase investment $
    Other $

    Total Assets
    Liquid Assets $
    Short-term $
    Long-term (equity) $
    Long-term (debt) $
    Long-term (miscellaneous) $
    Personal Assets $
    Total Liabilities
    Short-term $
    Long-term $

    Your Net Worth

    Total assets minus total liabilities: $ 

    Based on an article by The Globe and Mail's Angela Barnes.

    Bell Globemedia