Richest

As of June 2022, the richest person in Canada is Sherry Byrdson who is the largest single shareholder in Woodbridge, the investment holding company of the Thomson family. Her estimated 23% stake in Woodbridge puts her net worth at about C$16.3 billion (US$12.6 billion).

Keanu Reeves, the star of the The Matrix movie series is the richest actor in the world holding a Canadian citizenship with an estimated net worth of C$455 million (US$350 million). His wealth has largely been accumulated from his movie roles as well as his ownership of production company Company Films and custom motorcycle builder Arch Motorcycle Company.

Jim Treliving is the richest Canadian ‘dragon’ on the show Dragons’ Den with an estimated net worth between C$640 million and C$700 million. His net worth was built primarily through his founding role and stake in the Boston Pizza franchise, as well as ownership in commercial ventures including Mr. Lube, Dermal Laser Centres, White Rock Commercial, and more.

Canada’s richest province by total Gross Domestic Product (i.e., total output of the entire economy) is Ontario with a total GDP of C$746.5 billion as of 2021 according to Statistics Canada.

Based on a report by the Global Wealth Migration Review, the richest city in Canada is Toronto which holds an estimated wealth of C$1.2 trillion (US$944 billion) within the city.

The richest woman in Canada also happens to be the richest person in Canada. As of June 2022, the richest person in Canada is Sherry Byrdson who is the largest single shareholder in Woodbridge, the investment holding company of the Thomson family. Her estimated 23% stake in Woodbridge puts her net worth at about C$16.3 billion (US$12.6 billion).

While Coach is not recognized as one of the world’s ultra-premium luxury brands in the same class of Louis Vuitton, YSL, Gucci or Chanel, it is still considered a luxury brand for more price-conscious customers. While its craftsmanship and quality has earned great customer reviews, it is still considered the entry level in the world of luxury.

Depending on the model and whether you are looking for a pre-owned or a new car, a Rolls Royce in Canada can go anywhere from US$315,000 (C$409,500) at the low end to upwards of US$800,000 (C$1,040,000). As one of the world’s most recognized, pre-eminent luxury car brands, Rolls Royce is known for its use of hand-made car components and fine craftsmanship. As a result, the company produces only a limited number of vehicles each year which are sought after by some of the wealthiest individuals and families in the world.

Depending on the model, a Ferrari’s pricing can range anywhere from US$215,000 (C$279,500) for its Portofino model to upwards of US$650,000 (C$845,000) for the Ferrari 8112 Competizione A. In addition, the Ferrari Monza SP1/SP2, the limited production ‘Icona’ model sells for upwards of US$1.7 million (C$2.2 million).

The Canada Goose price tag is partly due to its quality and partly due to its superior brand strength. Its winter parkas are made from goose down which provides excellent warmth and comfort without feeling too heavy on the body. There is also a lifetime guarantee provided that protects the owner against any defects found in the workmanship. However, while it is certainly a quality product, Canada Goose has now become a fashion icon that is worn by celebrities and influencers across the world. In part, this has also contributed to its premium pricing.

Given their immense wealth and access to resources, the wealthy class utilize several ways to save on their taxes each year. One of the most common ways is through the establishment of a corporation where the ‘business owner’ can expense credible business expenditures to reduce their taxable income. Other ways are also through the write-off of capital losses and the use of charitable donations. Both of these also reduce taxable income and enable the individual to pay lower taxes.

The piano is one of the most complicated instruments in the world and the CyberTuner app helps pianists tune and service their instruments optimally. At approximately C$1,399.99, the app is currently the most expensive app available on the AppStore.