For investor immigrants, the applicant must have owned, and managed or have been a manager in, a qualifying business for 2 out of the past 5 years. He or she must have a minimum legally acquired net worth of CDN $1,600,000, and must invest CDN $800,000 into government guaranteed securities for 5 years, without interest.
Note: The Federal Immigrant Investor Program is now closed as 700 complete applications have been received at the Centralized Intake Office. This new annual cap was introduced through ministerial instructions, which came into force on July 1, 2011. The cap will reset on July 1, 2012, unless otherwise indicated in a future ministerial instruction.
He or she must also secure at least 35 points out of 100 on the Federal Investor Immigration Grid. Factors to be considered in determining a score include age, education, language skills, work experience and previous visits to Canada.
He or she may provide some portion of the investment, and borrow the balance, using only the investment as collateral. The investment is Government guaranteed and does not have to be made until the immigration application is approved.
Business persons with relevant experience and a legally obtained net worth of at least CAN $300,000 can come to Canada to establish or invest in a business. They are required to create jobs for Canadians and their immigration is subject to conditions.
This category allows the following individuals to be admitted to Canada as self-employed immigrants: –