Most Canadian millionaires self-made [View All]

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Source: CBC News

Most of Canada's rich got that way by earning their money, rather than inheriting it, according to a study released Tuesday by BMO Harris Private Banking.

The study found 94 per cent of Canadians with more than $1 million in investable assets are self-made.

Only six per cent said they owe the majority of their wealth to inheritance.

The survey of 459 Canadian millionaires also found that 80 per cent are wealthier than their parents were and 77 per cent say they are better off today than they were before the 2008 recession.

The bank said in a release the findings suggest that Canada's entrepreneurial environment is healthy and that the Canadian system rewards drive and determination.

Read more: http://www.cbc.ca/news/canada/story/2011/04/19/self-made-millionaires-canada.html

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Ya hear that, Donald Trump? And yes this is the same Canada with the universal health care too!