Federal Immigration Canada Wants To Bring Back IIP From Its Grave

09 Jun 2017

The Federal Immigrant Investor Program-IIP had been put to its grave due to tax cheating, applicants not being able to push funds and other cheat methods is now being appealed to put back in practice.

The IIP scheme died its natural death owing to oversubscribed demand of working capital which caused many forgery events. A sum of C$800,000 was charged from the investor making an investment whereas the other investment programs start with a nominal $150,000, this program had been overrated.

The commission charged for the IIP was C$100,000 for the candidate who wants to get their IIP approved.

Though IIP was axed, QIIP program has started afresh where it would accept 1900 fresh for the coming intake cycle.The entrepreneur program not only allows massive investment which involves not only economic but social involvement of the investor.

The increase in the property rates in Canada has raised the issues for the investor who plans huge investment and tries to negotiate the property at a flexible rate in the major cities like Vancouver where real estate is at all time high.Hence Canada immigration board is seeking to revamp the IIP and bring it back from the dead to give a better opportunity to investors and take strict action against malpractices.

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