Baby Boomers To Inherit $750 Billion In Largest-Ever Canadian Transfer Of Wealth
"The bank says there are currently about 2.5 million Canadians over the age of 75 with a total net worth of $900 billion or more."
It says the average inheritance received by the 50-75 age cohort over the past decade was $180,000.
No one can escape the arrow of time and from 2014/2015 - 268,056 Canadians (100K in Ontario) alone went to see their maker to enjoy the afterlife. So with the flow of time, more capital will be unleashed into the market, further stoking whatever fire we have, and setting off new embers and the seed of life for future prosperity!