In Canada there are two Immigrant Investor Programs in Canada (aside from those offered under the Provincial Nominee Programs or PNP Programs.
The two programs the Canadian Federal Investor Immigration Program and the Canadian Quebec Federal Investor Program. The basic criteria for both programs are as follows:
Federal Investor Program Criteria:
Net Worth (assets minus liabilities)
• Must have minimum of CAD$800,000 in net worth
• May include in the net worth all assets owned by the applicant and the applicant’s spouse
Managerial Experience
The potential candidate must meet one of the two following criteria:
• Within the last five years before the date of the interview, the candidate must have managed the equivalent of five full-time employees per year for a period of at least two years
OR
• Within the last five years before the date of the interview, the candidate must have owned or managed a business for at least two years and must meet any of the two following requirements:
Requirement Percentage of Business Ownership
100% 50% 33.3%
1. Employees 2 4 6
2. Annual Sales ($) 500,000 1,000,000 1,500,000
3. Annual Net Income ($) 50,000 100,000 150,000
4. Net Assets at Year End 125,000 250,000 375,000
Investment
The candidate must secure a passive investment of $CAD 400,000 on a five-year term through an authorized immigration program facilitator or provide a one-time down payment of $CAD 120,000.
Quebec Investor Program Criteria
Net Worth (assets minus liabilities)
• Must have minimum of CAD$800,000 in net worth
• May include in the net worth all assets owned by the applicant and the applicant’s spouse
• If the candidate wishes to include the spouse’s assets, the candidate must show as much or more than his accompanying spouse in net assets (or not more than 50% of the assets may come from the spouse)
Management Experience
• Must have 2 years of business management experience in the last 5 years and must have managed the equivalent of two full time employees
• Candidates who hold high management positions with delegated authority may qualify (namely professionals like doctors, lawyers, and accountants) as long as they are not wage earners and have the authority to run a business
Investment
The candidate must secure a passive investment of $CAD 400,000 on a five-year term through an authorized immigration program facilitator or provide a one-time down payment of $CAD 120,000.
Note that there has been some changes to the Quebec Immigrant Investor Program. See here for details.
For more information about either the Federal or Quebec Investor program, contact Niren and Associates Immigration Lawyers at:
1 416 410 7484 or info@visaplace.com
