Canada Should Think To Revive The Federal Immigrant Investor Program

21 Nov 2019

As the US increases investment limits for the US EB-5, Canada should consider reviving the terminated Canadian Immigrant Investor Program.

As the US executes a massive 80% hike in minimum investments for the US EB-5 program, it is a suitable time to question the reason behind Canada’s decision to totally neglect investment immigration.

The Canadian Immigrant Investor Program was one of the most sought-after investment immigration programs in the globe when it was discontinued in June 2014.

Reasons Behind for its Termination Comprises of:

• Huge demand from rich investors.
• A dramatic increase in real estate prices due to the influx of international funds into the sector. 
• Lack of real advantages to the economy of Canada, and 
• Disquiet over the sale of PR status and, indirectly, citizenship of Canada. 

Investment immigration streams have long been criticized for these purposes. Yet, there are higher than 65 nations offering some form of fast-track path to PR or direct citizenship to rich investors.

The globe in 2019 is a lot changed as related to 2014, and there are many convincing reasons for Canada to sincerely consider reviving its Immigrant Investor Stream. 

US H-1B Factor

The US H-1B program has been totally dominated by Indians, is a work permit program intended at skilled and highly-qualified international professionals. Over the preceding few years, particularly after President Trump was elected, the stream has been the target of negative regulatory decisions and conflicting legal rulings. 

The uncertainty throughout the US H-1B visa is deemed an important parameter that contributes to the surge in Canadian PR applications by professionals from India.

US EB-5 appeals by Indian investors increased even as the H-1B chaos grew. Presently, India is the third nation facing EB-5 retrogression following China & Vietnam.

Canada will be benefited by offering such highly-skilled & wealthy individuals with an additional path to Canadian PR. The revived program could be customized to concentrate on active investments into businesses to build real value profits for the Canadian economy. 

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