Concordance

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The first step in building a distributional dimension for the household sector is to identify the relevant survey variables and concord them to macroeconomic classifications. The full detail in the NBSA comprises 102 categories and sub-categories containing all assets, liabilities and net worth across all sectors in the economy. For the DHEA estimates, this classification has been reduced to 11 categories relevant to the household sector for which quality information can be produced.

The concordance between survey and NBSA variables is shown in the table below.

Table 1
Wealth Variables, Survey of Financial Security (SFS) to National Balance Sheet Accounts (NBSA) mapping
Table summary
Wealth Variables, Survey of Financial Security to National Balance Sheet Accounts mapping.
Category SFS Variables NBSA Variables
Total assets
  • Total assets, including employer pension plans, termination basis
  • (Less)
  • Value of collectibles including coins, stamps and art work (see section 4.1.1 for detail)
  • Total assets
Financial assets
  • Non-pension financial assets
  • Private pension assets, termination basis
  • Value of all businesses operated by the family unit
  • Total financial assets
Life insurance and pensions
  • Value of all employer pension plans, termination basis
  • Life insurance and pensions
Other financial assets
  • Value of all businesses operated by the family unit
  • Asset value of money in banks, non-registered
  • Asset value of all bonds, non-registered
  • Mutual funds & other investments, non-RRSP & income trusts, non-registered
  • Canadian and foreign publicly traded stock, non-registered
  • Tax Free Saving Accounts (TFSA)
  • Other investments or financial assets, non-registered
  • Shares in not publicly traded stock, non-registered
  • Registered retirement funds, including RRSPs, LIRAs, and RRIFs
  • Asset value of other retirement funds
  • Total currency and deposits
  • Canadian short-term paper
  • Canadian bonds and debentures
  • Foreign investments: paper
  • Foreign investments: bonds
  • Mortgages
  • Equity and investment funds
  • Other receivables
Non-financial assets
  • Non-financial assets (principal residence, other)
  • (Less)
  • Value of collectibles including coins, stamps and art work (see section 4.1.1 for detail)
  • Total non-financial assets
Real estate
  • Value of the principal residence
  • Asset value of all real estate other than principle residence
  • Residential structures
  • Non-residential structures
  • Land
Other non-financial assets
  • Value of personal use vehicles
  • Value of other recreational vehicles
  • Value of contents of principal residence
  • Non-financial assets, other, not included elsewhere
  • Consumer durables
  • Machinery and equipment
  • Intellectual property products
Total liabilities
  • Total of all debts for the family
  • Total financial liabilities
Mortgage liabilities
  • Mortgage debt (on principal residence and other mortgages)
  • Mortgages
Other liabilities
  • Credit card and installment debt
  • Vehicle loan debt
  • Line-of-credit debt
  • Debt value of student loans
  • Other debt (other loans from financial institutions and other money owed)
  • Consumer credit
  • Non-mortgage loans
  • Other accounts payable
Net worth
  • Components of net worth enumerated above
  • Net worth
Source: Distributions of Household Economic Accounts, 2026.

The concordance process also identifies conceptual differences between survey and macroeconomic data and helps to assess the suitability of specific survey variables as distributors of macro components. Assets, liabilities and net worth for the concorded categories are compared for the SFS and the NBSA below in the table below. Coverage ratios are presented as the ratio of the survey estimate to the macroeconomic aggregate. As can be seen from the tables, the SFS and NBSA totals align very well, with the exception of two cases, explained in further detail below.

Table 2
Concordance between the Survey of Financial Security (SFS) and the National Balance Sheet Accounts (NBSA), 2012, 2016, 2019 and 2023
Table summary
Concordance between the Survey of Financial Security and the National Balance Sheet Accounts, 2012, 2016, 2019 and 2023.
   
 
2023  
Total assets 19139262 19344604 98.9
Financial assets 8661679 9558493 90.6
Life insurance and pensions 2568808 2879710 89.2
Other financial assets 6092871 6678783 91.2
Non-financial assets 10477584 9786111 107.1
Real estate 9079158 8829920 102.8
Other non-financial assets 1398426 956191 146.2
Total liabilities 2435538 2938629 82.9
Mortgage liabilities 2010296 2164211 92.9
Other liabilities 425243 774418 54.9
Net worth (wealth) 16703724 16405975 101.8
2019  
Total assets 13539526 14765757 91.7
Financial assets 6633447 7974728 83.2
Life insurance and pensions 2502568 2789306 89.7
Other financial assets 4130879 5185422 79.7
Non-financial assets 6906078 6791029 101.7
Real estate 6228903 6011310 103.6
Other non-financial assets 677176 779719 86.8
Total liabilities 1842948 2427200 75.9
Mortgage liabilities 1484950 1676074 88.6
Other liabilities 357998 751126 47.7
Net worth (wealth) 11696577 12338557 94.8
2016  
Total assets 11993292 12691376 94.5
Financial assets 5890239 6713682 87.7
Life insurance and pensions 2322086 2404167 96.6
Other financial assets 3568153 4309515 82.8
Non-financial assets 6103053 5977694 102.1
Real estate 5501560 5281977 104.2
Other non-financial assets 601493 695717 86.5
Total liabilities 1739112 2133666 81.5
Mortgage liabilities 1402039 1445154 97
Other liabilities 337073 688512 49
Net worth (wealth) 10254180 10557710 97.1
2012  
Total assets 9215015 9677484 95.2
Financial assets 4622460 5081444 91
Life insurance and pensions 1860568 1924187 96.7
Other financial assets 2761892 3157257 87.5
Non-financial assets 4592555 4596040 99.9
Real estate 4080498 4020480 101.5
Other non-financial assets 512057 575560 89
Total liabilities 1319734 1754980 75.2
Mortgage liabilities 1014491 1141983 88.8
Other liabilities 305243 612997 49.8
Net worth (wealth) 7895281 7922504 99.7
Notes: The NBSA values include data for the territories.
Source: Distributions of Household Economic Accounts, 2026.
Valuables and collectibles
Other liabilities
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