Finance Simulatorđ StatCan and CRA data
Net worth by age in Canada: average and median
What is typical at your age, from the latest Statistics Canada and CRA data, and what each number does and doesnât measure.
Statistics Canada, 2023. Net worth and RRSP by age of the main earner; income before tax.
From your numbers
How does your net worth compare?
- ✓Medians from Statistics Canada, the latest published (2023).
- ≈The spread around each median is our estimate, so ranks are rounded. RRSP and TFSA show the median only: no spread is published.
Average and median net worth by age in Canada
By age of the main earner and household type, 2023
Where the main earner is under 35, the median net worth was $159,100 in 2023: $241,900 for couples and families and $70,000 for people on their own. The median peaks at $873,400 at 55 to 64. Across all ages it is $519,700.
| Age of main earner | Median, all | Couples and families | People on their own | Average, all |
|---|---|---|---|---|
| Under 35 | $159,100 | $241,900 | $70,000 | $459,800 |
| 35 to 44 | $409,300 | $517,500 | $168,800 | $753,500 |
| 45 to 54 | $675,800 | $835,900 | $310,000 | $1,150,800 |
| 55 to 64 | $873,400 | $1,256,400 | $395,000 | $1,347,300 |
| 65 and over | $738,900 | $1,109,700 | $475,900 | $1,204,500 |
| All ages | $519,700 | $712,900 | $278,200 | $995,900 |
About this table
“Couples and families” are two or more related people living together. “People on their own” live alone or with people they are not related to. “All” counts both, grouped by the age of the person with the highest income. Medians in 2023 constant dollars; to carry them to 2026, add about 6.6% (published consumer prices to 2025, plus an assumed 2.0% for 2026). StatCan’s 95% range for the median, all households: under 35 $125,000 to $181,900; 35 to 44 $373,000 to $445,300; 45 to 54 $608,100 to $737,500; 55 to 64 $789,000 to $947,400; 65 and over $701,300 to $774,600; all ages $502,100 to $539,800.
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Average vs median: which number to compare with
Why the average is so much higher
Under 35, the average net worth is $459,800, 2.9 times the median, because a few very wealthy families pull it up. The median is the middle: half have more, half have less. To see what is typical, use the median.
Income percentiles by age in Canada
How many people have $100,000 or more, and where the top 10% starts
14.8% of Canadians with income had $100,000 or more in 2023 (total income before tax: pay, pensions, investments and benefits). 5.4% reached $150,000. The median was $45,000.
| Age | $50,000+ | $75,000+ | $100,000+ | $150,000+ | $200,000+ | $250,000+ |
|---|---|---|---|---|---|---|
| Under 25 | 10.2% | 2.8% | 0.9% | 0.2% | 0.0% | 0.0% |
| 25 to 34 | 48.2% | 24.8% | 11.5% | 3.0% | 1.1% | 0.5% |
| 35 to 44 | 60.8% | 39.0% | 23.1% | 7.8% | 3.5% | 1.9% |
| 45 to 54 | 61.9% | 41.2% | 26.2% | 10.1% | 5.0% | 2.9% |
| 55 to 64 | 51.1% | 30.7% | 18.6% | 7.6% | 3.9% | 2.4% |
| 65 and over | 33.9% | 16.5% | 8.4% | 3.4% | 1.8% | 1.2% |
| All ages | 45.2% | 26.1% | 14.8% | 5.4% | 2.6% | 1.5% |
About this table
Share of everyone with income in that age group whose 2023 total income before tax was at or above each amount, in 2023 dollars. Computed directly from StatCan's published counts, with no interpolation.
Median income and top 10% cutoff by age
Income is highest between 35 and 54. In 2026 dollars:
| Age | Median | Top 25% starts at | Top 10% starts at |
|---|---|---|---|
| Under 25 | $19,100 | $35,200 | $54,000 |
| 25 to 34 | $51,600 | $79,700 | $111,200 |
| 35 to 44 | $66,600 | $103,400 | $145,700 |
| 45 to 54 | $68,600 | $108,700 | $160,400 |
| 55 to 64 | $54,700 | $92,400 | $141,000 |
| 65 and over | $38,500 | $66,900 | $101,200 |
| All ages | $48,000* | $82,700 | $124,200* |
About this table
Total income before tax of everyone with income (tax filers and dependants), 2023, carried to 2026 by consumer prices and rounded to the nearest $100. Age-group figures are read between StatCan's published income brackets, so treat them as close estimates. *All ages: StatCan's own published median ($45,000, Table 11-10-0008-01) and top 10% threshold ($116,500, Table 11-10-0055-01), carried to 2026 dollars.
What income puts you in the top 1%, 5% or 10%?
Statistics Canada’s 2023 thresholds, before and after tax
For 2023, Statistics Canada’s own thresholds are $293,800 for the top 1%, $152,700 for the top 5% and $116,500 for the top 10%, in total income before tax. After tax, the top 1% starts at $202,900.
| Group | Before tax (total income) | After tax |
|---|---|---|
| Top 1% | $293,800 | $202,900 |
| Top 5% | $152,700 | $117,600 |
| Top 10% | $116,500 | $93,600 |
About this table
Thresholds for living tax filers in 2023, ranked across Canada, in 2023 dollars, excluding capital gains. With capital gains, the top 1% starts at $328,500.
Figures elsewhere differ when they count capital gains, use another year, rank within one province, or count families. The $124,200 top 10% cutoff above is this $116,500 in 2026 dollars.
Average RRSP and TFSA balances by age
Retirement savings by age: who has each account, and the median among those who do
64.5% of families had an RRSP (or a RRIF, LIRA or similar plan) in 2023, with a median of $60,000 among them. 54.9% had a TFSA, with a median of $24,000.
RRSP balances by age
| Age of main earner | Share holding | Median | Average |
|---|---|---|---|
| Under 35 | 54.7% | $15,000 | $57,500 |
| 35 to 44 | 64.6% | $33,000 | $88,600 |
| 45 to 54 | 69.6% | $72,600 | $173,500 |
| 55 to 64 | 70.0% | $120,000 | $266,000 |
| 65 and over | 64.7% | $102,200 | $248,700 |
| All ages | 64.5% | $60,000 | $178,300 |
About this table
Families and people on their own, by the age of the person with the highest income, 2023 constant dollars. The median and average are among those who hold one. Includes RRIFs, LIRAs and similar plans.
TFSA balances by age
| Age of main earner | Share holding | Median | Average |
|---|---|---|---|
| Under 35 | 55.6% | $10,000 | $28,000 |
| 35 to 44 | 52.8% | $12,000 | $32,300 |
| 45 to 54 | 50.2% | $15,000 E | $40,500 |
| 55 to 64 | 56.2% | $39,100 | $60,400 |
| 65 and over | 57.7% | $52,100 | $71,600 |
| All ages | 54.9% | $24,000 | $49,500 |
About this table
Families and people on their own, by the age of the person with the highest income, 2023 constant dollars. The median and average are among those who hold one. E: use with caution (Statistics Canada's quality flag: few survey families stand behind it).
Per person: average TFSA by age (CRA, 2024)
The CRA publishes TFSA figures per person. They are averages, which large accounts pull up, so a typical holder likely has less than the figure shown.
| Age | TFSA holders | Average balance per holder |
|---|---|---|
| 20 to 24 | 1,027,480 | $8,652 |
| 25 to 29 | 1,600,020 | $13,967 |
| 30 to 34 | 1,861,290 | $18,475 |
| 35 to 39 | 1,766,240 | $21,561 |
| 40 to 44 | 1,614,100 | $24,061 |
| 45 to 49 | 1,429,870 | $28,084 |
| 50 to 54 | 1,378,160 | $35,235 |
| 55 to 59 | 1,432,000 | $43,519 |
| 60 to 64 | 1,653,090 | $52,381 |
| 65 to 69 | 1,574,020 | $59,344 |
| 70 to 74 | 1,332,820 | $64,972 |
| 75 to 79 | 1,068,420 | $71,094 |
| 80 and over | 1,420,420 | $76,305 |
About this table
Individual TFSA holders, age at December 31, 2024, value at year end. An average, so a few large accounts pull it up, and a typical holder likely has less.
The CRA counts 71,210 of the 1,861,290 TFSA holders aged 30 to 34 as having maximized their contribution room in 2024: all the room they had built up over the years, not just that year’s limit.
What these numbers don’t tell you
Read this before comparing yourself
- Families and people differ. Net worth, RRSP and TFSA tables count families and people on their own (a couple counts once); income and the CRA table count each person.
- Income is total income before tax, for everyone with any income, so it runs below salary surveys of full-time workers.
- The data is from 2023 (CRA: 2024), the latest released. 2026 dollars add consumer prices only.
- Net worth includes home equity and workplace pensions. Leaving a pension out makes a comparison look lower than it is.
- Surveys have error, and some figures are read between brackets. Each table’s “About” note says which, and E marks a figure Statistics Canada flags as use with caution.
From comparing to planning
Free tools that use the same tax engine
- Coast FIRE calculator: how much you need invested now so growth alone covers retirement.
- RRSP refund calculator: what a contribution is worth at tax time, in your province.
- Take-home pay calculator: what your income is after tax, CPP and EI.
- The full planner: income, savings and retirement in one place, in your browser.
Frequently asked questions
Answered from the tables above
What is the average net worth by age in Canada?
In 2023, the average net worth of Canadian households where the main earner was under 35 was $459,800, but the median, the middle household, was $159,100 ($241,900 for couples and families, $70,000 for people on their own). The median rises to $873,400 at 55 to 64. Averages run far above medians because a small number of very wealthy families pull them up, so the median is the better guide to what is typical.
What percentage of Canadians earn over $100,000?
14.8% of Canadians with income had total income of $100,000 or more in 2023, before tax. Total income counts pay plus pensions, investment income and benefits. It varies with age: 11.5% of 25 to 34 year olds and 26.2% of 45 to 54 year olds.
What income puts you in the top 1%, 5% or 10% in Canada?
For 2023, Statistics Canada puts the threshold at $293,800 for the top 1%, $152,700 for the top 5% and $116,500 for the top 10% of tax filers, in total income before tax. After tax, the top 1% starts at $202,900 and the top 10% at $93,600. These exclude capital gains; with them, the top 1% threshold is $328,500.
How much does the average Canadian have in an RRSP?
Per family, not per person: 64.5% of Canadian families held an RRSP or similar plan in 2023, and among them the median balance was $60,000. It grows with age: $33,000 at 35 to 44 and $120,000 at 55 to 64. The average at 55 to 64 is $266,000, pulled up by large accounts.
What is the median net worth for a single person in Canada?
For people not living with family, the median net worth was $278,200 in 2023: $70,000 under 35, $310,000 at 45 to 54 and $475,900 at 65 and over. Couples and families are about three times higher: $241,900 under 35. Compare like with like: a single person against singles, a couple against couples.
How much does the average Canadian have in a TFSA?
Per family: 54.9% of families held a TFSA in 2023, with a median balance of $24,000 among them, and $10,000 where the main earner was under 35. Per person, the CRA reports an average of $18,475 per holder aged 30 to 34 at the end of 2024.
Should I compare myself to the average or the median?
The median. Half of families have more and half have less, so it describes the middle. The average is pulled up by the wealthiest families: under 35, the average net worth is 2.9 times the median.
Sources
Every figure, and where it comes from
Cite or reuse these figures
Free to quote, chart or republish with credit and a link, no permission needed (license). Suggested citation:
Finance Simulator, “Net worth by age in Canada,” Statistics Canada and CRA data, checked November 11, 2026. https://finance.chriscoffin.design/net-worth-by-age-canada/
All figures as one file: net-worth-by-age-canada-2023.csv. Please also credit Statistics Canada or the CRA as the original source.
- Statistics Canada. Table 11-10-0016-01, Assets and debts held by economic family type, by age group, Survey of Financial Security 2023 (released October 29, 2024).
- Statistics Canada. Table 11-10-0008-01, Tax filers and dependants with income by total income, sex and age, 2023 (released July 18, 2025).
- Statistics Canada. Table 11-10-0055-01, High income tax filers in Canada, 2023 (released October 31, 2025).
- Canada Revenue Agency. Tax-Free Savings Account Statistics, 2024 tax year, tables 1A and 3A (data as of January 12, 2026).
- Consumer prices: Statistics Canada, Table 18-10-0005-01. How the comparisons are worked out: methodology page.
Data versions: Survey of Financial Security 2023; income tax data 2023; CRA TFSA statistics 2024 tax year. All were the latest releases when checked on November 11, 2026, and the page is updated when new ones come out.
Adapted from Statistics Canada data. This does not constitute an endorsement by Statistics Canada of this product. Contains information licensed under the Open Government Licence – Canada.