Since December 1st, 2010, Citizenship and Immigration Canada adopted new qualification requirements. To qualify for the Canadian Immigrant Investor Program, you must:
1 Demonstrate business experience, either by managing and holding an equity interest in a qualifying business for at least two of the past five years, or by managing at least five full-time employees for at least two of the past five years;
2 Have a minimum net worth of CDN $1,600,000 acquired through lawful economic activities;
3 Deposit CDN $800,000 with the Government of Canada for a 62- month locked-in period. In return, the applicant will be issued a fully guaranteed, non-transferable, non-interest-bearing promissory note. The invested capital will thus be returned, without interest, at the end of the 62-month period.
The required investment of CDN $800,000 can be financed through an authorized financial institution.
There are different ways to make the required investment in order to qualify for the Canadian Immigrant Investor Program. Investors can either deposit the full amount (Full Investment), or Finance the required amount (Financed Investment) from a chartered Canadian bank.
The investor deposits the full amount of CDN $800,000. No further payment is required. At the end of the 62-month period, CDN $800,000 is returned to the investor with no accrued interest.Financed Investment
The investor pays a reduced amount, which is used to finance a CDN $800,000 closed five-year term loan from a chartered bank. No further payment is required by the investor, however the amount is not returned to the investor at the end of the 62-month period.
The reduced amount is used to finance a CDN $800,000 closed 62-month term loan from a chartered Canadian bank. This loan is initiated and repaid at no further cost to the applicant investor.
This option is particularly attractive for applicants seeking to retain maximum capital for investment in ongoing business operations.