There are different ways to make the required investment in order to qualify for the Canadian Immigrant Investor Program. Investors can either deposit the full amount (Full Investment), or Finance the required amount (Financed Investment) from a chartered Canadian bank.
The investor deposits the full amount of CDN $800,000. No further payment is required. At the end of the 62-month period, CDN $800,000 is returned to the investor with no accrued interest.
The investor pays a reduced amount*, which is used to finance a CDN $800,000 closed five-year term loan from a chartered bank. No further payment is required by the investor, however the amount is not returned to the investor at the end of the 62-month period.
The reduced amount is used to finance a CDN $800,000 closed 62-month term loan from a chartered Canadian bank. This loan is initiated and repaid at no further cost to the applicant investor.
This option is particularly attractive for applicants seeking to retain maximum capital for investment in ongoing business operations. Contact us to obtain latest financing rates.
* This amount may change marginally, if the prime lending rates in the national banking system rise or fall in response to changes in the Bank of Canada key interest rate.
Application fees are required to be paid directly to the Canadian government by the applicant. The fees are currently CDN $1,050 for the principal applicant, CDN $550 for the accompanying spouse and each dependent above the age of 22 and $ 150 CAD for each dependent below the age of 22.
Always refer to the official Canada Immigration website for up-to-date application fees.
I have a net-worth of more than CDN $1,600,000, Do I have to declare all my assets?
Yes, for both Federal and Quebec it is required that you declare all your assets.