
7. How Much Canadians Need To Become Rich
The Northern neighbor of the United States could hardly be more different in terms of policies. Canada veers towards socialism in terms of redistribution of wealth. The average income in Canada is about $45,000 per year, which is lower than the US and reflects a lower cost of living.

In the United States, you need half a million to be in the top one percent, Canada’s economy is so different that you need less than half that amount to be considered rich. Far from being a tax haven, like Monaco, the UAE, Singapore, and Bahrain, those in the upper-income bracket in Canada pay about one-third of their earnings in taxes.