CIC News CIC NEWS

Canada Immigration Newsletter

  • Home
  • About
  • Subscribe

STAY UP TO DATE WITH
CANADIAN
IMMIGRATION NEWS

CIC News / 2018 / March / Quebec proposes changes to its popular Investor Program

Quebec proposes changes to its popular Investor Program Changes increase net assets and investment requirements

March 28, 2018 by Noah Turner, Marylene Garacci and Stephen Smith

Pour lire cet article en français, cliquez ici.

The Province of Quebec has proposed new regulations for a number of its unique immigration programs, including the Quebec Immigrant Investor Program, or QIIP.

Quebec has several immigration programs, some which allow candidates to pursue Canadian permanent residence and some which allow candidate to apply for temporary residence in Canada.

The Quebec Immigrant Investor Program, or QIIP, is the only passive investment program offered by a Canadian province that can result in a Canadian permanent resident visa. 

This investor program is typically quite popular, and quotas generally fill quickly. Last year the program had a quota of 1,900.

Among the changes introduced on March 28, the QIIP has increased both the net asset requirement and investment requirement from the last iteration of the QIIP. The previous requirements were net assets of CAD $1.6 million and an investment of CAD $800,000 respectively.

Under the new eligibility requirements of the QIIP:

– Candidates must have, whether alone or with the accompanying spouse or de facto spouse, net assets of at least CAD $2,000,000 whose lawful origin must be demonstrated; and

– Make a five-year term investment of CAD $1,200,000 with a subsidiary of Investissement Québec for which the foreign national has entered into an investment agreement with a financial intermediary authorized to participate in the program. 

Other eligibility requirements include being over 18 years of age, having management experience, intending to settle in the province of Quebec and obtaining a passing score under Quebec’s points system.

During the most recent intake period, financing for the investment was available from financial intermediaries.

For interested candidates who now cannot qualify for this program because of these changes, the good news is that Quebec also announced new eligibility criteria for other non-passive program, including the popular entrepreneur category.

“These changes may be welcome news to candidates who satisfy the new requirements and who may now face slightly less competition,” said Attorney David Cohen, senior partner with the Campbell, Cohen immigration law firm in Montreal.

“The quota, however may still be reached quickly so interested applicants will need to be prepared.”

Interested applicants can contact the Canadian immigration law firm Campbell, Cohen in Montreal.

To find out if you are eligible for the Quebec Investor Program, fill out a FREE assessment form.

© 2018 CICNews All Rights Reserved

About Noah Turner

About Marylene Garacci

About Stephen Smith

Next Article: Le Québec propose des changements à son fameux programme Investisseur
Previous Article: Le Québec cherche à renouveler ses options d’immigration Entrepreneur

Related Canada Immigration Articles:

  • Alberta invites 132 Express Entry candidates in latest draw Express Entry candidates needed a CRS score of 400 and up to receive an invitation to apply for a provincial nomination
  • Nova Scotia draws Social and Community Service Workers from Express Entry pool Nova Scotia has now used its Labour Market Priorities Stream six times in 2019 to target Express Entry candidates with specific work experience
  • Canada launches two new initiatives to improve family reunification for protected persons Initiatives will allow those with protected person status to communicate with IRCC on behalf of family members

Do you qualify for immigration?

There are over 80 options for immigration to Canada. Find out if you qualify with our free assessment!

find out now

Join CanadaVisa’s Social Community

  • Facebook
  • Instagram
  • LinkedIn
  • RSS
  • Twitter
  • YouTube

Why subscribe to CICNEWS?

Don't let policy changes catch you by surprise - stay up to date with the latest breaking news on Canadian Immigration!

Your email address will not be disclosed to any third-party. See our Privacy Policy for details.

Recent Posts

  • Alberta invites 132 Express Entry candidates in latest draw
  • Nova Scotia draws Social and Community Service Workers from Express Entry pool
  • Canada launches two new initiatives to improve family reunification for protected persons
  • Immigrant comedians crack up Canadians — and stereotypes
  • Five Years Later: Is Canada’s Express Entry immigration system living up to expectations?

Tools and Resources

  • » Canada Job Search Tool
  • » Canada Salary Calculator
  • » IELTS Practice Tests
  • » Canada Immigration FAQ
  • » Resume Guide
  • » School Search
  • » School Match
  • » CLB Language Converter
  • » CRS Calculator
  • » Visiting Canada Tool
  • » Processing Times

CanadaVisa-PNP-Finder-Tracker

Latest Editions

  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
View all editions

© 1996-2019 CIC NEWS

Copyright | Privacy | Unsubscribe | Resources | RSS Feeds