In this episode of Capital Topics, James Parkyn and Raymond Kerzérho meet with Alain Desbiens, director for Quebec and Eastern Canada at BMO ETFs. Alain provides us with a bird’s eye view of millionaires in Canada and worldwide.

Discussion points:

• The definition of a high, very high and ultra high net worth individual
• Where does their wealth come from?
• Their asset mix across public market holdings, private holdings, real estate, etc.
• The main interests and passions of wealthy individuals
• The distribution of wealth in Canada and Quebec.
• And much more!

 

Links:

Report of the Parliamentary Budget Officer on the distribution of wealth in Canada

Credit Suisse Research Institute: Global Wealth Report 2020