According to a Citizenship and Immigration Canada New Release: “EAP 2014 announced the government’s intent to terminate the federal Immigrant Investor Program (IIP) and Federal Entrepreneur (EN) Program, eliminate a large and longstanding backlog of applications, and pave the way for new pilot programs that will actually meet Canada’s labour market and economic needs.”
If you wanted to pursue the investment avenue to immigrate to Canada, this is an unfortunate development. However, if you were considering investing to immigrate to the United States, this option remains available. When it works as it is supposed to, the EB-5 program allows foreign nationals to invest as little as $500,000 and pay legal and processing fees in return for permanent residence for themselves and their dependent family members. It is a viable immigration option that is underutilized by people from most countries.
Of course the devil is in the details and for more information I encourage you to visit our firm’s website devoted to US immigration through investment at www.americainvestorvisa.com.