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Seeking the American dream? Come to Canada.

In one of the most comprehensive studies of our nation’s affluent, analysts report that two-thirds of Canada’s millionaires are self-made. Strikingly, almost half the nation’s high net-worth individuals are either immigrants or first-generation Canadians, compared to just one-third of millionaires in the U.S., and nearly seven in 10 of them generated their own riches.

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67 per cent of Canadian millionaires earned their wealth on their own steam; 20 per cent attribute at least part of their affluence to an inheritance; and the remainder came to money in other ways, such as a divorce settlement or through a spouse.

Just four per cent of high net worth Canadians are under age 40, compared to 24 per cent of high net worth Americans.

Education is one of the largest predictors of big bucks: eight in 10 Canadian millionaires possess at least an undergraduate university degree, 46 per cent have a graduate or professional degree, 10 per cent have a technical, trade or apprenticeship degree, and just nine per cent hold a high school diploma or less.