Canada among the world’s 10 wealthiest countries in 2022
Canada is among the world’s wealthiest countries in 2022. The country is also seen as a favoured destination for millionaires on the move.
The latest Henley Global Citizens report provided an overview of the world’s 10 wealthiest countries (W10) in terms of net inflows and outflows of millionaires projected for 2022. Moreover, nine of the top 10 countries for high-net-worth-individual inflows in 2022 host formal investment migration programs. This encourages foreign direct investment in return for residence or citizenship rights.
Canada is among the top countries and it is expected to see a positive inflow of millionaire migrants this year.
Canada ranked 9th for migrating millionaires
According to the Henley Private Wealth Migration report, Canada should see a positive inflow of about 1,000 high-net-worth individuals. These individuals are mostly expected to come from:
- Russia (-15,000), China (-10,000), India (-8,000), Hong Kong (-3,000) and Ukraine (-2,800). Source: Projected net outflows of HNWIs 2022
The data shows that Canada ranked ninth as a favoured destination. However, the top five destinations are:
- United Arab Emirates (4,000),
- Australia (3,500)
- Singapore (2,800),
- Israel (2,500), and
- Switzerland (2,200)
The wealthy have been increasingly on the move worldwide, according to Henley. The firm expects to see record numbers in 2023. In 2013, about 51,000 HNWIs moved countries and that figure jumped to 110,000 in 2019. Migration fell to 12,000 in 2020 due to pandemic restrictions until ratcheting back up to a forecast of 88,000 this year and an expected record 125,000 in 2023.
<<Also Read: Business immigration to Canada>>
Immigration to Canada 2022
Despite an immigration backlog of almost 2 million applications, Canada intends to accept up to 420,000 immigrants in 2022. Of course, this approach won’t eliminate the backlog. However, it will be the first time in the history of Canada that we have accepted so many immigrants. The current article dubbed Canada immigration 2022 is an effort to explore immigration options in Canada in 2022.
Canada accepts immigrants in one of the following major groups:
To explore these options please visit the following article: Canada Immigration 2022.
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