Warning !The information entered in this tool will not be saved. We suggest that you print out the balance sheet once you’ve completed it.
Your assets
Pay special attention to the amounts entered for your registered plans, such as RRSPs, under YOUR ASSETS . The amounts you withdraw from these plans are added to your income and are taxable. Enter the after-tax amounts. If you do not know the exact amount of tax payable, you might want to speak to a representative.
| Your assets | You | Your spouse |
|---|---|---|
| Your total assets | 0,00 $ | 0,00 $ |
| Total for both spouses | 0,00 $ | |
| Cash | ||
| Chequing or savings accounts | ||
| Tax-Free Savings Account (TFSA) | ||
| RRSP / RRIF / LIRA / LIF* | ||
| Surrender value - life insurance | ||
| Non-registered investments** | ||
| Pension plan with your employer | ||
| Real estate (home, cottage or other) |
||
| Commercial property (equipment, inventory, etc.) |
||
| Vehicles | ||
| Other assets | ||
Your debts
Under YOUR DEBTS, include purchases for which a certain amount is paid each month. For example, if you just purchased a television and will be paying $20 per month for the next 36 months, enter the balance of this debt (e.g. $720).
| You | Your spouse | Interest rates*** | |
|---|---|---|---|
| Your total debts | 0,00 $ | 0,00 $ | |
| Total for both spouses | 0,00 $ | ||
| Credit card balance | |||
| Line of credit balance | |||
| Personal loan balance | |||
| Car loan balance | |||
| Mortgage balance | |||
| Student loan balance | |||
| Other debts | |||
| Net worth (assets less debts) |
0,00 $ | 0,00 $ |
|---|---|---|
| Net worth for both spouses | 0,00 $ | |
This balance sheet grid should be adapted to your personal situation, including that of your spouse if
applicable.
Speak to a representative if necessary.
| * | RRSP: Registered Retirement Savings Plan LIF: Life Income Fund RRIF: Registered Retirement Income Fund LIRA: Locked-in Retirement Account |
| ** | Non-registered investments do not grow tax-free. |
| *** | Enter the interest rate you pay on your debts. Once you have made the minimum payment for each debt, pay off the debts with the highest interest rates, remembering that some interest is tax deductible, such as certain loans for investment purposes. Consult a representative if necessary. |