Rather than inheriting money, many wealthy Canadians are now earning their fortunes on their own.
A recent survey, conducted by BMO Harris Private Banking, examined 459 Canadians who have at least $1 million in investable assets or more. Of those surveyed, 94 percent were found to be business owners or self-made professionals. A majority of those wealthy Canadians, eighty percent, also indicated that they are richer than their parents and did not inherit their fortunes from family.
BMO Harris has noted that the findings are a good example that Canada’s entrepreneurial environment is strong and successful and that self-made success is greatly encouraged and rewarded in Canada.
Canada’s federal and provincial governments have various immigration programs targeted at those looking to operate a business in Canada or looking to make an investment in a Canadian business and for people who are self-employed. Learn more about Canada’s business and investor programs here.
Are you an entrepreneur, investor, or self-employed? Learn how we can help you immigrate to Canada today!