Canada’s Business Immigration Plan is a plan started by the Canadian
Government to attract experienced people with money in order to boost
the Canadian economy.
Prospective immigrants must have a net worth of at least $800,000 and
must make an investment of $400,000 in the Canadian economy.
There are 3 classes of Business Immigrants, each with separate
The Immigrant Investor Program (IIP) wants to find experienced business
persons and their capital to Canada. The Immigrant Investors must demonstrate
business experience and a legally obtained minimum net worth of CAN $800,000,
and must make an investment of $400,000 in the Canadian economy.
The Entrepreneur Program is searching for experienced business persons
who will own and actively manage businesses in Canada that contribute
to the economy and create jobs. Entrepreneurs must demonstrate business
experience and a minimum legally obtained net worth of CAN $300,000, and
are subject to conditions upon arrival in Canada.
The Self-Employed Persons Program seeks to attract applicants who have
the intention and ability to become self-employed in Canada. Self-employed
persons are required to have either (a) relevant experience that will
enable them to make a significant contribution to the cultural or athletic
life of Canada, or (b) experience in farm management and the intention
and ability to purchase and manage a farm in Canada.
The province of Quebec operates its own immigrant investor program. All
investors in the Quebec program must both be destined to live in Quebec
and selected by Quebec.
Between 1986 to 2000 most Business Immigrants were from Hong Kong, 7,678
or 39.91% of the total number of Business Immigrants.
How effective has this program been in creating jobs and in bringing
investment to Canada?
According to Statistics Canada 2000 figures were; full time jobs created
1832, part time jobs created 918.
Canada has an underpopulation problem and has found itself in the same
situation as Japan and many European countries. It should actively promote
immigration because there is a diminished fertility rate just like in
most European countries and Japan.
In Japan things are so bad that only 14% of its population is under the
age of 15.
One solution, starnge though it may sound, is to end abortion.
Some observers say that if abortions in Canada halted, the population
numbers would be above replacement levels within a year.
At present there are 3 categories of Immigrants to Canada:
Skilled Worker: This category is for professionals and
skilled tradespeople with at least one year of continuous work experience.
This class is the most popular class and is also known as the professional
class or skilled worker class and the application is assessed based on
a point system. An individual should make an application under this class
if he/she wishes to come to Canada based on his/her qualifications, work
experience and knowledge of the English or French language.
Special provisions apply for immigration to Quebec
Business Class: This category is for managers and business
owners with high net worth, and requires an investment in Canada.
This class is also known as the business immigration class. One should make an application under the entrepreneur class and self-employed class if he/she wishes to start a business in Canada. A person should make an application under the investor class if he/she DOES NOT wish to start a business in Canada.
Family Sponsorship: This category is for citizens and
permanent residents of Canada who want to sponsor a close family member.
Pierre Trudeau changed Canada’s immigration laws and opened wide
the country’s doors to Africans, Asians and West Indians as part
of an attempt to fill its huge, underpopulated hinterland.
The result is that today eighteen percent of the population is now foreign-born
compared with about 11 percent in the United States, with little or no
debate over whether the effects of such change in culture, demographics
and national identity is good or bad.
Only in the last 10 years or so have Calgary, Toronto, Montreal and Vancouver,
with one third of the population, become multicultural polyglots, with
the towers of Sikh temples and mosques becoming mainstays of the skylines
and cuisines and fashion becoming concoctions of spices and patterns that
are in the vanguard of globalization.
One of the advantages of this cultural diversity is that the population
has become more like Europe and has become more tolerant of different
views than the United States. However, gun-related crimes in the major
cities are increasing at an alarming rate.
About the Author:
Immigration, good or bad? by J Schipper
Read more articles by: J
Article Source: www.iSnare.com
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