Immigrants: BMO Harris Private Banking

BMO Harris Private Banking: Almost half of Canadas millionaires are either immigrants or first-generation Canadians, compared to just one-third of wealthy Americans, BMO Harris Private Banking said Thursday, according to Huffington Post. About 24 per cent of millionaires are immigrants to Canada and another 24 per cent described themselves as first-generation Canadians with at least one parent born outside this country, BMO found and The American dream may be more alive north of the border than it is in the land of liberty, according to results of a new study. The study on the make-up of high-net-worth Canadians those with investable assets of $1 million or more found the majority -- 67 per cent -- of members of the diverse group are self-made millionaires. One in five attributed at least some of their wealth to inheritance. (www.immigrantscanada.com). As reported in the news.