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Is it worth upgrading from iPhone 4S

I am still using an unlocked 16GB iPhone 4S, it's a bit slow and the screen size is tiny, but it gets the job done in most cases. I was dead set on upgrading my phone until I saw the off-contract pricing here in Canada.

I can probably sell my iPhone 4S for around $180. But since I want the 64GB version of the 4.7" iPhone 6, it will cost $962 after tax. I still have to put up $780 for the difference. Do you guys think this is worth it?

P.S. The contract plans are such rip-offs here in Canada