Canadian Immigrant Investor Program. Business Immigration to Canada and to Quebec

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 [email protected]

Any information provided here does not constitute legal advice and is intended for general information only. Should you require legal advise, you are encouraged to contact a lawyer directly. All blog postings are public and are not subject to solicitor/client confidentially. Case results depend on a variety of factors unique to each case, and case results do not guarantee or predict a similar result in any further case undertaken by the lawyer.

Tags: Canadian immigrant investor program immigrant investor program Quebec investor program

About Michael Niren

Michael is a graduate of Osgoode Hall Law School in Toronto. He is a member of the Law Society of Upper Canada, the Canadian Bar Association’s Citizenship and Immigration Section and the American Bar Association. He is frequently called upon to appear in the media to discuss Canadian and US immigration issues effecting North Americans. He has been interviewed by Canada AM, CTV, Canada News Net, the Globe and Mail and the Toronto Star and has given lectures on immigration topics overseas.

4 Responses to “Canadian Immigrant Investor Program. Business Immigration to Canada and to Quebec”