What is considered wealthy for net worth in Canada?

In Canada, a net worth of over CAD 1 million is often considered a benchmark for being wealthy, as it typically places individuals in the top 10-15% of earners. However, the perception of wealth can vary significantly based on location, lifestyle, and personal financial goals. In major cities like Toronto or Vancouver, where the cost of living is higher, individuals may require a net worth of several million dollars to feel financially secure. Overall, wealth is relative and can depend on personal circumstances and aspirations.