Canada's federal investment immigration policy stopped

On February 1 1 local time, the Canadian government announced the 20 14 annual economic plan, officially announcing the termination of the federal investment immigration plan and the federal entrepreneur immigration plan. The Canadian "immigrant dream" of tens of thousands of China tycoons will be affected.

It has no long-term benefits to the economy and is the main reason for policy adjustment.

Canadian federal investment immigration conditions are simple. The applicant's net assets are at least 6,543,800+6,000 Canadian dollars (about RMB 6,543,800+6,000), and an investment of 800,000 Canadian dollars is the basic condition. This is by far the most popular immigration program for the wealthy in China, but it has also been widely criticized in Canada because it is considered to allow foreigners to acquire nationality by investing rather than contributing long-term benefits. Some Canadian immigration lawyers even think that the application criteria of this immigration plan are seriously underestimated.

As early as July 20 12, the federal government has suspended accepting new investment immigration applications, claiming that the project has not achieved enough economic benefits for Canada; In the chapter "Investment Immigration Project" in Canada's 20 14 budget, the government also explained the reasons for its cancellation, arguing that the project greatly underestimated the value of Canada's permanent residency, and the overall employment and investment level of investment immigrants was lower than the average level in Canada, and the lifelong tax payment was significantly lower than that of other economic immigrants. Moreover, most investment immigrants are not only not proficient in using English or French, but also unlikely to really live in Canada.

While planning to cancel the investment immigration policy, the Canadian government claims that it is more inclined to establish a fast and flexible immigration system to attract those immigrants who are expected to succeed in a short time after arriving in Canada, so as to realize their potential and give back to the society quickly, such as setting up venture capital pilot projects.

The backlog is serious, when 57,000 domestic investors will be turned away; Quebec investment immigrants are not affected; China investors may turn to other countries, with Europe and the United States bearing the brunt.