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Canada Progressing New Immigrant Investor Program
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Canada Progressing New Immigrant Investor Program

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New Canadian immigrant investor program known as the Immigrant Investor Venture Capital pilot has been on the works.

On May 23, 2014, Canadian business leaders and Citizenship and Immigration Minister Chris Alexander have participated in a meeting to begin formulating plans for a new federal immigrant investor program.

Discussing about the purposes of launching the new program, Minister Alexander expressed that the Canadian government committed to attract business people with the right skills and bringing in new investment capital that had a real impact on the country's economy via the program.

"We look forward to the launch of a new Immigrant Investor Venture Capital pilot that will add true value and create a win-win scenario for both Canada and newcomers interested in making real investments in our great country."

All efforts to overhaul the Canadian federal business immigration system have been in progress. In a recent announcement in Canada's Economic Action Plan for 2014, the government of Canada released it would terminate its existing Immigrant Investor Program and eliminate program backlogs.

Canada has held the first sbusiness leader roundtable to discuss the program in Toronto on May 23, 2014. Additional roundtables will also be held in Halifax, Montreal, Calgary and Vancouver in the coming weeks.

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