Sep 19, 2017 – High net worth investors are continuing to be drawn to Canada despite the lack of a federal passive investment immigration program leading to Canadian permanent residence, a new report has found.
Global Data's 'Wealth in Canada: HNW Investors 2017' report found that expats accounted for one in five high net worth investors in Canada in 2016.
This is despite the previous Conservative government moving to wind up the Canada Immigrant Investor Program in 2014. Currently, the only passive investment route to Canadian permanent residence is the Quebec Immigrant Investor Program (QIIP), which remains extremely popular.
Under QIIP, candidates with a legally acquired net worth of at least $1.6 million are required to invest $800,000 over five years bearing no interest. The program is currently accepting new applications, with the current window set to close on February 23, 2018.
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