The Canadian Immigrant Investor Program was an initiative of the

federal government of Canada The government of Canada (french: gouvernement du Canada) is the body responsible for the federal administration of Canada. A constitutional monarchy, the Crown is the corporation sole, assuming distinct roles: the executive, as the ''Crown-in-C ...

lasting from 1986 to 2014 that promoted immigration from people investing in Canada. Under the program, successful applicants and their families received permanent and unconditional Canadian residential visas and were then eligible to obtain Canadian citizenship.

Overview

The Canadian Immigrant Investor Program was one of the most popular immigration investor programs (IIP) in the world, but its requirements were not changed since its inception and it had become one of the least expensive ones. As of June 26, 2010, the qualification requirements were doubled and the program was briefly suspended while the new changes came into effect. The new updated program was reopened on December 1, 2010. At the time of termination, qualified investors needed to have at least two years of

business management Business administration, also known as business management, is the administration of a commercial enterprise. It includes all aspects of overseeing and supervising the business operations of an organization. From the point of view of management ...

experience; have a minimum net worth of CAD$1,600,000 (legally obtained); alone or with their accompanying spouse, make an investment of CAD$800,000; and meet certain health and security requirements. The closest alternative to the Canadian Immigrant Investor Program would now be immigrating through the

Owner-Operator An owner-operator is a small business or microbusiness owner who also runs the day-to-day operations of the company. Owner-operators are found in many business models and franchising companies in many different industries like restaurant chains, ...

Labour Market Impact Assessment A Labour Market Impact Assessment (LMIA) is a document that an employer in Canada may need to receive prior to hiring a foreign worker. When a Canadian employer is seeking to hire a foreign worker, it must first be determined if an LMIA is needed ...

(LMIA) pathway, which is a 2 staged process. With the passing of ''Economic Action Plan 2014 Act'' (Bill C-31) on June 19, 2014, the program was terminated and undecided applications were cancelled.

References

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External links

"What Happened to Canada’s Immigrant Investor Program?"
Immigration to Canada Residency Government programs Foreign direct investment