IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 Dec 2010 | Removal date: open ended
Still in force

Labour market access

On 26 June 2010, Citizenship and Immigration Canada (CIC) stopped accepting applications for the Federal Investor Program until proposed regulatory changes are implemented. CIC expects the changes to become law in the fall of 2010.
As was announced in the Canada Gazette on 26 June 2010, CIC proposes the following changes to the Federal Investor Program:

  • Increase in minimum personal net worth. The minimum personal net worth of an applicant shall be raised from CAD 800,000 to CAD 1,600,000.
  • Increase in minimum investment. The minimum investment of an applicant shall be raised from CAD 400,000 to CAD 800,000.

 
Update 25-10-2012:
 
The changes have entered into force as of 1 December 2010.

AFFECTED COUNTRIES

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