21. December 2013 · Comments Off · Categories: Taxes · Tags: , ,

London (PRWEB) December 04, 2014

Synopsis

This report is the result of WealthInsights extensive research covering the high net worth individual (HNWI) population and wealth management market in Canada.

The report focuses on HNWI performance between the end of 2007 (the peak before the global financial crisis) and the end of 2014. This enables us to determine how well the country’s HNWIs have performed through the crisis.

Summary

There are just over 422,000 HNWIs and over 4,000 UHNWIs in Canada in 2014. This report reviews the performance and asset allocations of HNWIs and Ultra HNWIs in Canada, and highlights top-performing cities. It also includes an evaluation of the local wealth management industry.

Scope

Independent market sizing of Canadian HNWIs across five wealth bands

HNWI volume, wealth and allocation trends from 2007 to 2014

HNWI volume, wealth and allocation forecasts to 2017

HNWI and UHNWI asset allocations across 13 asset classes

Number of UHNWIs in each state and all major cities

Fastest growing cities and states for UHNWIs (2007-2012)

Number of wealth managers in each city

City wise ratings of wealth management saturation and potential

Details of the development, challenges and opportunities of the Wealth Management and Private Banking sector in Canada

Size of the Canadian wealth management industry

Detailed wealth management and family office information

Insights into the drivers of HNWI wealth

Reasons To Buy

The WealthInsight Intelligence Center Database is an unparalleled resource and the leading resource of its kind. Compiled and curated by a team of expert research specialists, the database comprises dossiers on over 60,000 HNWIs from around the world.

The Intelligence Center also includes tracking of wealth and liquidity events as they happen and detailed profiles of major private banks, wealth managers and family offices in each market.

With the Database as the foundation for our research and analysis, we are able obtain an unsurpassed level of granularity, insight and authority on the HNWI and wealth management universe in each of the countries and regions we cover.

Report includes comprehensive forecasts to 2017.

Also provides detailed information on UHNWIs in each major city.

Key Highlights

There are just over 422,000 HNWIs in Canada in 2014. These HNWIs hold US$ 1,529 billion in wealth which equates to 26% of total individual wealth held in the country.

At the end of 2014, Canadian HNWIs held 26% (US$ 372 billion) of their wealth outside their home country, which is in line with the worldwide norm of between 20% and 30%.

Ontario is the largest state for Canadian HNWIs, accounting for 47% of total HNWIs with just over 198,000 individuals. There are also sizable HNWI populations in Quebec (81,800 HNWIs), Alberta (58,700 HNWIs), British Columbia (49,700 HNWIs) and Manitoba (10,500 HNWIs).

Toronto is the largest city for Canadian HNWIs, accounting for 28% of total HNWIs with just over 116,000 individuals. There are also sizable HNWI populations in Montreal (52,700 HNWIs), Calgary (32,100 HNWIs), Vancouver (25,600 HNWIs) and Edmonton (14,100 HNWIs).

The global private banking industry was estimated to have AuM of just over US$ 19.3 trillion at the end of 2014. The Canadian wealth management sector accounted for approximately US$ 600 billion of this, equating to 3.1% of the global total.

Table of Contents

1 Introduction

1.1 Details of this Report

1.2 Definitions

2 Executive Summary

3 Wealth Sector Fundamentals

3.1 Political Background

3.2 Economic Background

3.3 Benchmarking Canada Wealth in Context

3.3.1 World Statistics

3.3.2 Distribution of wealth in Canada

3.4 HNWI Volume and Wealth Trends

4 Findings from the WealthInsight HNWI Database

4.1 Trends in HNWI Wealth to 2017

4.1.1 HNWI trend analysis

4.1.2 Trends of the wealth bands

4.1.3 Demographic breakdown of HNWI

4.1.4 HNWIs job titles

4.1.5 HNWIs industry breakdown

4.1.6 HNWIs industry performance

4.1.7 HNWI breakdown by city

4.1.8 HNWIs city performance

4.1.9 HNWIs city population densities

4.1.10 HNWIs city forecasts

4.1.11 HNWI breakdown by State

4.1.12 HNWIs state performance

4.1.13 HNWIs state population densities

4.2 UHNWIs

4.2.1 UHNWI volume trend analysis

4.2.2 UHNWI wealth trend analysis

4.2.3 Demographic breakdown of UHNWIs

4.2.4 UHNWIs industry breakdown

4.2.5 UHNWIs city breakdown and performance

4.3 UHNWIs Billionaires

4.3.1 Billionaire volume trend analysis

4.3.2 Billionaire wealth trend analysis

4.3.3 Billionaire per capita net worth trend analysis

4.3.4 List of billionaires

4.4 UHNWIs Centimillionaires

4.4.1 Centimillionaire volume trend analysis

4.4.2 Centimillionaire wealth trend analysis

4.4.3 Centimillionaire per capita net worth trend analysis

4.5 UHNWIs Affluent Millionaires

4.5.1 Affluent millionaire volume trend analysis

4.5.2 Affluent millionaire wealth trend analysis

4.5.3 Affluent millionaire per capita net worth trend analysis

4.6 Core HNWIs

4.6.1 Core HNWI volume trend analysis

4.7 Core HNWIs Mid-Tier Millionaires

4.7.1 Mid-tier millionaire volume trend analysis

4.7.2 Mid-tier millionaire wealth trend analysis

4.7.3 Mid-tier millionaire per capita net worth trend analysis

4.8 Core HNWIs Lower-Tier Millionaires

4.8.1 Lower-tier millionaire volume trend analysis

4.8.2 Lower-tier millionaire wealth trend analysis

4.8.3 Lower-tier millionaire per capita net worth trend analysis

5 Analysis of Canadian HNWI investments

5.1 Analysis by Asset Classes

5.1.1 Trends in Alternative Assets

5.1.2 Trends in Art, Wine and Wheels

5.1.3 Trends of Investments in Real Estate

5.1.4 Trends of Investments in Cash and Deposits

5.1.5 Trends of investments in fixed income

5.1.6 Trends of investments in equity

5.1.7 Trends of investments in business interest

5.2 Analysis of Foreign Investments

5.2.1 Investments in North America (including the USA, Mexico & the Caribbean)

5.2.2 Investments in Europe

5.2.3 Investments in Asia Pacific

5.2.4 Investments in Latin America

5.2.5 Investments in Africa

5.3 Alternative Breakdown: Liquid vs. Investable Assets

5.4 Analysis of Canadian Ultra HNWI Investments

6 Competitive Landscape of the Wealth Sector

6.1 Competitive landscape

6.1.1 Private Banks

6.1.2 Wealth Managers

6.1.3 Family offices

6.1.4 Financial Advisors

6.2 Developments in Canadas Private Banking Industry

6.3 Canadas Wealth Management Industry Clientele Model and Maturity

6.4 Behavioral Mapping of Wealth Management and Private Banking Industry in Canada

6.5 Porters Five Force Analysis Wealth Management Industry in the Canada

6.6 Financial Services Review

6.6.1 Retail banks

6.6.2 Fund Management

7 Appendix

7.1 Additional Components of the Wealth Sector in Canada

7.2 Regulations on Taxes

My primary address is in Quebec but I have just moved to Ottawa. I would like to apply for an Ontario driver’s license and Ontario Health Card. However would I still be able to file my income taxes in Quebec ( I have to do because of certain apartment subsidy requirements.).

Answer by HANDI MAN
Where was you residence for the tax period in question” There is your answer.

Montreal, QC (PRWEB) November 27, 2014

For 20 years, Benoit Gascon held executive positions, including CEO, at Stratmin Graphite, one of North Americas only producing graphite mines and the only one still in operation today. In 1996 Gascon negotiated the takeover of Stratmin Graphite to form Timcal Graphite & Carbon. He stayed on to run the new production company.

CEOs of established commodity producers do not typically move into the riskier world of junior development.

But in the spring of 2014, Mr. Gascon joined Mason Graphite after it acquired the Lac Gu

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