ACTIVITY: Prepare a Net Worth Statement

Balance Sheet for the period ending  

Assets Value Joint Spouse 1 Spouse 2 Total

Personal

Bank Accounts
Savings
LIfe Insurance (cash value)
Residence
Recreational Property
Collectibles/Valuables
Vehicles
Furniture

Investments

Pension Plans
Registered investments
Real estate
Business
Trust fund
Other Investments

Total Assets (A)

Liabilities (L)

Credit Cards
Taxes owed
Lines of credit
RRSP loan
Investment loans
Personal mortgage
Automobile loans
Students loans
Other loans

Total Liabilities (L)

Net Worth = (A) - (L)