According to research firm Wealth X, Canada had around 10,840 residents worth $30 million or more including their investable assets in 2017. The $30 million figure isn't random — that's what Wealth-X says it takes to be considered an ultra-high net worth individual. Only the United States, Japan, China and Germany had more people with at least that amount of money than Canada. He said it didn't surprise him that Canada had more high net worth residents than several European countries on the list. The idea of a formal inheritance tax in Canada, the only G7 country without such a tax, is controversial.

Source: CBC News September 09, 2018 08:00 UTC