Canada encourages Immigration through the Immigrant Investor Program

Canadian Provinces and TerritoriesImage via Wikipedia

In order to promote economic growth and employment, develop new commercial opportunities, and to improve access to growing foreign markets, Canada is attracting people around the world who are familiar with markets, people with capital, business acumen as well as people who have entrepreneurial skills into the country together with their special requirements and customs.

Canada is offering foreigners with business skills and who has had obtained a big net worth and is willing to live in the territorial provinces of Canada, to help support provincial as well as the territorial economic objectives in the country.
Canada’s banking system was again voted as the “soundest” in the world as it promoted the Immigrant Investor Program which would attract wealthy immigrants to invest in the Canadian economy in return of granting them Canadian visas.
Two ways in which investors can get Canadian visas
There are 2 routes in which wealthy business people who are planning to get a quick way to move into Canada. One is through applying through the Federal Investor Program, and the other would be to apply to the Quebec Investor Program if they are going to invest in Quebec which offers a different program from other Canadian territories.
Applicants in the program must have a minimum net worth of about $1,600,000 CAD that is legally obtained and liability-free, and is willing to invest the amount of $800,000 CAD into the Canadian economy, and with meeting other requirements such as having an experience in owning and managing a business, has an experience of managing employees not to be less than 5, and must confirm into writing, the intention to invest at least $800,000 CAD by transferring funds to the Receiver General or show documents proving that such investments have already been made.
Other incentives offered by the program
Investors are also entitled to opt for the Permanent Resident Card in which permanent resident card will be issued to the investors, the spouse as well as the dependents after their entry to Canada as a resident. The card together with the holder’s passport can also be used to travel freely within and outside Canada.
And if the investor, spouse or dependent has been present in Canada for 3 years out of the 4 years before the application for citizenship, the permanent resident, could apply for Canadian citizenship. And he/she can also be allowed to apply for a dual citizenship if he/she is qualified.
Visa application period
In applying for the visa however, the investment must be made prior to receiving the immigration visa, and in situations where the application for permanent residence is declined, the investor has 90 days to be able to claim the invested sum, and to receive a full refund guaranteed by the government of Canada.
The funds invested in a period of 5 years and are returned to the investor after that period, in which the government has full discretion in managing the funds. 
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New immigrant program for P.E.I.

Locator map for Prince Edward IslandImage via WikipediaThe P.E.I. government is finally set to announce a new Provincial Nominee Program.
Innovation Minister Allan Campbell said Tuesday there have been extensive discussions with Citizenship and Immigration over the fall and winter, and a new immigrant investors' program will be rolled out in about a month.
But, he said, there will be rule changes.
"The federal government has established a cap on the number of nominations that we can have here in the province for this year," Campbell said.
"They've established that number at 400, and we're obviously aspiring to hit those targets and hopefully see them increase."
The old PNP program allowed immigrants to invest $200,000 in a P.E.I. business and receive a Canadian visa. It ran from 2001 to 2008, attracting controversy when nearly 2,000 immigrants were pushed through in its final year.
Under the new rules, immigrants will have the choice of buying a one-third ownership in a company, or investing $1 million for five years as a loan.
Campbell said the precise rules to qualify are still being worked out, but some businesses are concerned they'll be too strict.
"I wouldn't say that it'll be tougher to access, but certainly the number of nominations that we'll see here will be lower," he said.
Provincial Opposition Leader Olive Crane spoke with federal Immigration Minister Jason Kenney last week during a trip to Ottawa about a new program for P.E.I.
"We all know what this government's record is in terms of administering the program, and we certainly will be looking forward to the details of who will be eligible and how they plan on managing it," she said.
One significant change is that farmers and fishermen will now be eligible under the program.
"We want to see investment in our primary sectors here in the province, and we hope, and we're confident that this program will do that," Campbell said.
The original program was plagued by controversy.
Government MLAs and senior civil servants took advantage of immigrant investment, and Citizenship and Immigration complained about the quality of companies approved for investment.
A 2009 report by the University of Prince Edward Island showed that of the 44 immigrant families that arrived in the province through the PNP in the last four months of 2006, only 11 were still on the Island 2½ years later — a retention rate of 25 per cent.
Many of the immigrants reported that they were unhappy with how they had been treated by the province.



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Hiring new Canadians is a solution

I made it myself. this location is in Mississa...Image via Wikipedia

According to a recent research, labour shortages prevalent in the food and beverage industry in the mid 2000s will once again emerge as the Canadian economy continues to recover.

Staff writer CanadianImmigrant.ca


The Canadian Tourism Human Resource Council (CTHRC) recently published a compendium of “best practices” used in recruiting and retaining new Canadians as one potential solution to difficulty finding employees. 

According to a recent research, labour shortages prevalent in the food and beverage industry in the mid 2000s will once again emerge as the Canadian economy continues to recover. Projected shortages in the Food and Beverage industry could reach more than 142, 000 year-around jobs by 2025, the study indicates. Lessons learned during the previous labour shortages will be a valuable tool to Canadian businesses as new shortages emerge.

A&W Food Services of Canada Inc. has already begun acting, learning from those lessons, thanks to a meeting organized by the Canadian Restaurant and Foodservices Association (CRFA.) It was in the fall of 2007, during the height of the national labour shortage. At the meeting where stakeholders and the government congregated, workforce solutions were explored. Instead of targeting temporary foreign workers from overseas, restaurants were encouraged to consider the large pool of immigrants already in Canada.

Thus the opportunity emerged to work with immigrant teens already in Canada with their families and A&W restaurants in Manitoba quickly acted upon it. It started working with a local immigrant and refugee agency to address labour shortages.

While the restaurant chain has found a solution for its workforce shortage, the teen immigrants take pride in starting their Canadian careers as well as help their families make ends meet.
 The idea really took off when Newcomers Employment Education and Development Services (N.E.E.D.S.) Inc. — a local nonprofit agency that offers services to immigrant and refugee youth — created a training program in hospitality industry that would offer newcomers to Canada an opportunity to acquire essential workplace skills.

It seemed like a natural partnership that would benefit both sides: A&W commits resources and employment opportunities, while N.E.E.D.S. Inc. manages the pre-employment training and placement process. “We realize that for most of our employees, working at A&W is not a career,” admits Dean, Fuller Restaurant Franchisee responsible for four restaurants in Winnipeg. “But our young immigrant employees take full advantage of how much they learn about Canadian customer service and work culture while in our employment.“

“This employment program has had a dramatic positive effect on the families and communities that have participated,” states Robyn Andrews, N.E.E.D.S. Inc. Employment Program Coordinator. “Immigrant-serving agencies are always looking to identify employers where there is an awareness that internationally trained workers (ITWs) make a significant contribution to the labour market. Getting involved in a work training program allows your company to be more competitive in hiring and retaining ITWs.”
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