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Investors must demonstrate business experience, a minimum net worth of CDN $800,000 and make an investment of CDN $400,000.
- Who can apply as an Investor Immigrant? >>>
- Details of Investment >>>
- Definitions >>>
1. Who can apply as an Investor Immigrant?
An investor means an immigrant who:
- has a "business experience";
- has a "net worth" of at least CDN $800,000; and
- indicates to the Minister, in writing, and establishes to the
satisfaction of a visa officer, that they have made an investment of CDN $400,000.
The investor who meet the definition then will be assessed against five selection factors. The pass mark is 35 points.
2. Details of Investment
As an investor, you must;
- make a prescribed investment of CDN $400,000.
- pay your investment within 30 days after receiving notification from the Visa Office.
- make the payment of your investment by wire transfer.
<What will Happen with Your Investment>
- The investment is placed with the Receiver General of Canada.
- Participating provinces then use your investment to create jobs and help their economies grow.
- Citizenship and Immigration Canada (CIC) will return your investment to you, without interest, in approximately 5 years after you become a permanent resident.
You may finance your investment. CIC has agreements with a number of financial institutions, all of which are members of the Canada Deposit Insurance Corporation (CDIC), to facilitate the financing of your investment.
3. Definitions
<Business Experience>
"Business experience", in respect of an investor, means the management of a "qualifying business" and the control of a "percentage of equity" of the "qualifying business" for at least two years in the period beginning five years before the date of application for a permanent resident visa and ending on the day a determination is made in respect of the application, or
the management of at least five "full-time job equivalents" per year in a business for at least two years in the period beginning five years before the date of application for a permanent resident visa and ending on the day a determination is made in respect of the application.
<Full-time Job Equivalent>>
"Full-time job equivalent" means 1,950 hours of paid employment.
<Net Assets>
"Net assets", in respect of a "qualifying business" or a qualifying Canadian business, means the assets of the business, minus the liabilities of the business, plus shareholder loans made to the business by a foreign national and their spouse or common-law partner.
<Net Income>
"Net income", in respect of a "qualifying business" or a qualifying Canadian business means the after tax profit or loss of the business plus remuneration by the business to a foreign national and their spouse or common-law partner.
<Net Worth>
"Net worth", in respect of an investor, means the fair market value of all of the assets of the investor and their spouse or common-law partner minus the fair market value of all of their liabilities.
<Percentage of Equity>
"Percentage of equity" means
- in respect of a sole proprietorship, 100 per cent of the equity of the sole proprietorship controlled by a foreign national or their spouse or common-law partner;
- in respect of a corporation, the percentage of the issued and outstanding voting shares of the capital stock of the corporation controlled by a foreign national or their spouse or common-law partner; and
- in respect of a partnership or joint venture, the percentage of the profit or loss of the partnership or joint venture to which the foreign national or their spouse or common-law partner is entitled.
<Qualifying Business>
"Qualifying business" means a business -- other than a business operated primarily for the purpose of deriving investment income such as interest, dividends or capital gains -- for which, in each of any two years in the period beginning five years before the date of application for a permanent resident visa and ending on the date a determination is made in respect of the application, there is documentary evidence of any two of the following:
- that the "percentage of equity" multiplied by the number of full time job equivalents is equal to or greater than two full-time job equivalents per year;
- that the "percentage of equity" multiplied by the total annual sales is equal to or greater than CDN $500,000;
- that the "percentage of equity" multiplied by the "net income" in the year is equal to or greater than CDN $50,000; and
- that the "percentage of equity" multiplied by the "net assets" at the end of the year is equal to or greater than CDN $125,000.
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