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World’s Millionaires Are In A Great Migration And Canada A Top Destination

Eight thousand millionaires moved to Canada in 2016.

Where are millionaires moving to?Which countries are millionaires fleeing?

Canada is a top destination in this great migration, taking in almost as many millionaires last year as the U.S. did. The number-one destination was Australia (12,000 millionaire immigrants) with the U.S. in second place and Canada third.

The survey had one surprise: There hasn’t been a large outflow millionaires from Great Britain since the Brexit vote. New World expects the country to continue gaining wealthy residents from abroad even as locals emigrate to the U.S., Canada and Australia.

The consultancy notes that investor immigrant visa programs are becoming more popular around the world. Australia launched such a program in 2012.

However, Canada’s various investor immigrant programs, some of which existed for decades, were limited in recent years due to perceived abuse.

Sourced through Scoop.it from: www.huffingtonpost.ca

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