High-net-worth Canadians shift focus from generating wealth to preserving what they have

TORONTO , Sept. 11, 2019 /CNW/ – Market uncertainty, geopolitical turmoil and home-grown tax changes have Canada’s wealthiest citizens shifting their focus from increasing their wealth to protecting what they have. In a recent global survey1 sponsored by RBC Wealth Management and conducted by the Economist Intelligence Unit, the richest Canadians ranked protecting wealth for the future highest (53%) in a list of financial goals, well above increasing their wealth (34%). When asked what factors most concern them when it comes to preserving wealth, Canadian tax changes were highest on the list (48%) followed by global economic uncertainty (46%) and increased cost of living (45%).

source https://finance.yahoo.com/news/high-net-worth-canadians-shift-130000135.html?.tsrc=rss

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