Immigration Canada services. Employment and Canada immigration department office. Get Canadian citizenship

Investment

Prior to visa issuance, Investors must pay 400,000 CAD to the Receiver General for Canada. Citizenship and Immigration Canada, as agent for approved provincial government-administered venture capital funds, will prepare and deliver to the Investor a debt obligation in the amount of 400,000 CAD, repayable (without interest) thirty (30) days after the expiry of the five (5) year allocation period. The investment is not refundable after visa issuance (i.e. it is "locked in" for the five (5) year period once an immigrant visa has been issued).

Citizenship and Immigration Canada will allocate immigrant investment to approved provincial funds according to an allocation formula.

Citizenship and Immigration Canada will subsequently distribute the money among the funds. After five (5) years, the funds will repay Citizenship and Immigration Canada, for subsequent repayment to Investors.

TIMING OF INVESTMENT

Abrams & Krochak does not recommend that you make your investment until such time as you know whether your Application for Permanent Residence in Canada has been approved-in-principle. There is no procedural/strategic advantage to investing prior to being approved and, as such, there is little sense to divesting yourself of such a considerable sum of money for a period of approximately one (1) year or so while your Application is being processed.

FINANCING OF INVESTMENT

You may finance your investment in the Immigrant Investor Program. Measures are in place at Citizenship and Immigration Canada Headquarters to support the process; but, it is your responsibility to make the appropriate arrangements with the financial institution of your choice.

In the past, Abrams & Krochak's clients have had satisfactory dealings with various financial institutions here in Canada whose particulars will be provided to you by the firm if and when you become a client.

Generally speaking, with a minimum deposit of 135,000 CAD, an investor can secure the maximum loan from these financial institutions in order to complete the required 400,000 CAD investment.