Quebec Investor Program

Quebec Entrepreneur Program

April 18, 2019

Saskatchewan Immigrant Nominee Program (SINP)

April 18, 2019

Published by arabi-immigration at April 18, 2019

Investment Immigration Canada Application Process

Step 1: Law firm works alongside client to obtain all supporting documentation required by the Quebec Investor Program including:

· Identity and civil status documents

· Police clearance certificates

· Documents proving net worth

· Documents supporting business management experience

· Documents showing educational qualifications

Step 2: If any supplemental documentation is not in English or French, law firm will help arrange the certified translation of the documents by an accredited translator. Please note: Canadian immigration authorities will only accept certified translations signed or stamped by professional translators with verifiable credentials in Canada. Otherwise, translated documents that are not accompanied by an affidavit swearing to the accuracy of the translation, as well as the proficiency of the translator, will not be recognized.

Step 3: Lawyer completes investor visa Canada application form as per government guidelines, and organizes all supporting documentation.

Step 4: Client reviews their investor file and signs QIIP application form as well as power of attorney mandate allowing law firm to communicate with the Government on their behalf.

Step 5: Lawyer formally submits signed application and supporting documents to Immigration Quebec for initial processing. The CAD $15,111 Government application fee is due at this point, and must be paid via Canada Post money order or a bank draft drawn from a bank with a presence in Canada. Please note: this Government processing fee may be subject to a small increase in 2019.

Step 6: Incomplete applications are returned to the candidate. Adequate applications are added to the processing queue and an official QIIP Acknowledgement of Receipt is sent to the applicant.

Step 7: Quebec immigration authorities review the application to ensure client satisfies all investor category immigration Canada requirements including minimum legally obtained net worth and business management experience.

Step 8: Applicants who meet the selection conditions and criteria of the Immigrant Investor Program (IIP) will be scheduled for a personal interview with a Quebec immigration officer. Within ten business days of being scheduled for an interview, candidates must submit updated documents and forms to Immigration Quebec personnel, along with any other additional documentation that may support their application. Lawyer works closely with client to ensure revised documentation accurately reflects his or her current financial situation. Lawyer will also personally prepare client for their interview, which includes an extensive one on one coaching session. If necessary, a qualified interpreter will be present to assist with this interview preparation. Please note: in certain situations, the personal interview may be waived by immigration authorities in which case the client will receive an official interview waiver notice.

Step 9: Upon the completion of a successful personal interview, Quebec investment immigration staff will approve client in principle and send them detailed wire transfer instructions.

Step 10: Client has a maximum of 110 days to successfully send funds of CDN $800,000. Clients financing the investment through an authorized financial intermediary of the Quebec Investor Program must wire transfer the up-front loan cost of approximately $220,000 within this timeframe.

Step 11: Upon receipt of the full $800 thousand investment, business immigration officers will issue a “Quebec Selection Certificate” or “Certificat de Sélection du Québéc”, which is commonly referred to as a CSQ. The issuance of a CSQ signifies the applicant’s approval at the provincial level, and his or her file is then handed over to the Centralized Intake Office (CIO) of Citizenship and Immigration Canada to be processed at the federal level. Federal processing fees are due at this time.

Step 12: Once Canadian visa authorities have assessed the investor application, medical instructions are issued to the client. If applicable, client, as well as their accompanying family members, must undergo a medical examination performed by an Immigration, Refugees and Citizenship Canada (IRCC) approved physician.

Step 13: Once the results of the medical exam are received by business immigration officials, successful applicants and their families are fully approved for Canadian investor visas. At this time, a formal request for the passport of each person included under the investor application is given for the purposes of issuing the visa. The Right of Permanent Resident Fee (RPRF) is now due.

Step 14: A Canada business visa for investors is issued to the primary applicant and each accompanying family member. The investment visa will contain an expiry date, which is the last day a person can use it to gain entry to Canada for permanent immigration. After arriving in the country, Canadian investor visa holders will receive a permanent residence card (Canada PR Card) which can be used to leave and re-enter the country at will.

Quebec Immigrant Investor Program Processing Times

The amount of time required to process a Quebec immigration investor file depends on an assortment of factors, principally the current volume of investor applications in a candidate’s geographic pool.

Provincial processing times – It typically takes 9 to 12 months for an investor category applicant to receive a Quebec Selection Certificate (CSQ) representing Quebec approval.

Federal processing times – After receiving a CSQ, it then takes approximately 3 to 4 years for the file to be processed federally by Citizenship and Immigration Canada (CIC). As of January 2017, the official Quebec Immigrant Investor Program processing time listed on the CIC website was 40 months.

Based on the historical average processing time, a Quebec Investor Program 2018 applicant should receive a Canada investment visa within five years. We believe 2018 QIIP processing times will actually be significantly faster than this, however. Quebec has recently updated their economic immigration rules to limit the number of applications they receive across entrepreneur, investor, and self-employed immigration categories. This should reduce the number of files that must be processed by the Government. Citizenship and Immigration Canada has also changed the way they process some immigration applications. Previously, CIC processing times for many services would vary greatly between regional visa offices. For example, Quebec investor files were processed more than twice as fast in Mexico as they were in the United Arab Emirates (UAE). As of January 2016, however, the CIC now has the ability to move applications between visa offices around the world to ensure they are processed with maximum efficiency. This means your 2018 Quebec Immigrant Investor Program application may not be processed at the visa office closest to where you live, but may be processed more efficiently. It also means there is no more country-specific QIIP processing times viewable online, as the CIC now only provides a single Quebec Investor Program processing time estimation for all countries.

Canada Investment Immigration for French Speakers

Business people who demonstrate advanced intermediate French language skills, by means of a standardized proficiency test recognized by the Government of Quebec, can often apply for the Canadian Immigrant Investor Program year-round. In addition to being able to apply before or after a designated intake period, investor candidates who speak French are also provided priority processing and are not subject to the program cap of 1900 applications. The Quebec Investor Program 2018 is one of the most coveted citizenship by investment programs in the World, and the additional benefits available exclusively to French speaking applicants make it by far the top investment immigration program in existence for Francophone business people and managers worldwide.

Why a Quebec Immigration Lawyer?

Although there are many foreign consultants offering discount immigration services, retaining the services of a licensed immigration attorney in Quebec has many advantages. First and foremost, the level of expertise related to Quebec investment immigration offered by an experienced Quebec lawyer simply cannot be beaten outside of Canada. Foreign consultants typically offer a range of citizenship by investment and investment immigration services in a variety of countries around the world, yet frequently outsource much of the actual legal work required to outside contractors. Directly working with an immigration lawyer in Quebec that knows the Investor Program inside and out ensures that your file will be highly optimized for success and that you will be guided through each step of the process in a professional, effective manner.

Getting approved for a Canada investment visa by way of the Quebec Investor Program 2018 is not easy, and incomplete or inconsistent applications can be refused without request for additional documentation or information. The application requirements for the Investor Program in Quebec are more comprehensive than those of many Caribbean economic citizenship programs, and the requisite documentation can easily overwhelm a person inexperienced with the process. One of the most rigorous and demanding elements of the investor application is the detailed chronological narrative demonstrating the lawful accumulation of the applicant’s financial assets. An immigration lawyer in Quebec with extensive experience handling files for business immigration to Canada will genuinely understand the immense level of detail needed to substantiate this critical QIIP provision comprehensively to procure a successful result for the client. According to official statistics, 76% of applications for Canadian investor immigration are refused, which means the success rate is only 24%. If you are serious about moving to Canada as an economic immigrant, we strongly encourage you to hire an experienced Quebec investor immigration attorney. Please note: the 2019 acceptance rate is widely expected to increase, as each qualified financial intermediary is now assigned a quota limiting the number of clients they can service, which will likely reduce the number of “weak” applications being submitted.

Canada Citizenship by Investment

Individuals and families that immigrate to Canada by way of Quebec investor visa can eventually obtain Canadian citizenship after living in the country for 48 months. To be eligible for citizenship in Canada, applicants must have been physically present in the country as a permanent resident for a minimum 1460 days (four years) during the six years immediately before their citizenship application is filed, provided all other required conditions are fulfilled. Once a permanent resident of Canada obtains Canadian citizenship, they are eligible to apply for a Canadian passport. One of the most valuable travel documents in the World, 172 different countries offer Canadian passport holders visa-free or visa-on-arrival access.

Since many Quebec investors end up becoming citizens of Canada, some people casually refer to the QIIP as a “Canada citizenship by investment program.” Although this is not an inaccurate description, many investment citizenship programs in Europe and the Caribbean essentially allow people to buy citizenship with no residency requirement. Since you cannot buy Canadian citizenship through the Quebec Immigrant Investor Program, the term “Canadian citizenship by investment” is a pretty big stretch given the minimum four year residency requirement in order to become a citizen. “Canadian residency by investment” or “Canada immigration by investment” are much more accurate descriptions of the QIIP.

Administration of Quebec Business Immigration

Under the Canada-Quebec Accord on Immigration, the Province of Quebec controls and operates its own immigration system including establishing requirements and selecting candidates. Accordingly, all businessmen or businesswomen who intend to come to Canada as a Quebec-selected investor must deal directly with the responsible provincial immigration office. The Quebec Immigrant Investor Program is operated by the Ministère de l’Immigration, de la Diversité et de l’Inclusion (MIDI), and is administered by IQ Immigrants Investisseurs Inc., a subsidiary of a Quebec government agency.

Investment Visa Canada Tax Consequences

Tax rules in Canada offer unequivocal advantages to many immigrants that can enable them to increase their assets more efficiently. Canada does not have a wealth tax or inheritance tax, and individuals who are accepted for immigration to Canada through Quebec’s Investor Program have the opportunity to establish an offshore trust before moving to Canada, which can allow them to defer paying income taxes for up to five years. Canadians enjoy more favorable income tax rates and corporate tax rates than residents of most other countries in the West, and Canada has signed tax treaties with dozens of countries around the globe to avoid double taxation of its citizens. Canadian citizens and Canada PR card holders who are considered a non-resident of the country for tax purposes can also avoid paying tax on income derived from outside of the country.

Can I Bring My Adult Children to Canada?

A few years ago the Government of Canada modified the country’s Immigration and Refugee Protection Regulations, changing the definition of “dependent child” to no longer include children 19 years of age or older who are studying full time. Immigration, Refugees and Citizenship Canada (IRCC) changed this definition again in October 2017, and a dependent child is now considered a child who is less than 22 years old and not a spouse or de facto spouse, or an adult child that is financially dependent on their parents due to a mental or physical condition. To determine a child’s status under the QIIP, ages are “locked-in” on the date a business immigration file is submitted to the Quebec Government for selection.

Who Can Translate My Documents?

Any documentation required for investment immigration to Canada that is not in English or French must be accompanied by the accurate English or French translation. Investment visa Canada applicants are not permitted to translate documents themselves, however, and translations can also not be done by members of the applicant’s family. Excluded family members include parents, grandparents, siblings, spouses, guardians, common-law partners, children, aunts, uncles, first cousins, nephews, and nieces. In order to be acknowledged by Canadian immigration authorities, the document translator must be a member in good standing of a Canadian organization of translators and interpreters. Otherwise, the document must be accompanied by an affidavit sworn in the presence of a notary public to be authentically translated by a linguist fluent in both English or French as well as the unofficial language. In Canada, affidavits can also be sworn in the presence of a commissioner of oaths or a commissioner of taking affidavits.

Is Canada the Only Western Country to Offer Investment Citizenship?

An increasing number of Western countries are courting wealthy foreigners from the developing world with economic citizenship programs. The United States has the EB-5 Green Card by investment program, while the UK Tier 1 Investor Visa and Australia Significant Investor Visa (SIV) enable high net-worth individuals to obtain residency by investment in the respective country. There are a number of European countries that offer citizenship by investment including Austria, Hungary, Cyprus, Bulgaria, and Malta. Greece, Spain, and Portugal all have Golden Visa programs which offer EU residency through investment in property, and many other European Union countries such as Latvia offer resident permits in exchange for foreign direct investment. There are also a variety of second passport by investment programs in the Caribbean offered by poor island nations such as St Kitts and Nevis, Dominica, Antigua and Barbuda, and Grenada.

When it comes to comparison shopping second citizenship by investment programs, however, no country in the World offers better value than the Canada Investor Program, particularly if the prescribed investment is financed. The weak Canadian dollar has made the 2018 Quebec Investor Program even more lucrative. In general, Canada offers superior multicultural integration, a higher quality of life, lower crime rates, better hospitals and schools, larger wages, more prestigious universities, cleaner air, a more powerful passport and valued citizenship, and a stronger economy. With a stellar reputation, no age or language requirements, and a “walk-away price” of only ~$175,000 USD thanks to the loan option, the Quebec Investment Program simply cannot be beaten by any other country.

Canada Dual Citizenship

There are no restrictions on dual citizenship in Canada. This means that participants in the Immigrant Investor Program that end up qualifying for Canadian citizenship will not be forced by the Government of Canada to give up their current citizenship in order to obtain a second passport.

Investor Visa Program Restrictions

The Immigrant Investor Program in Quebec has no restrictions on an applicant’s language, education, nationality, or age, other than that the principal applicant must be at least 18 years old. While many countries require a foreign national to speak English and be below a certain age, such as 45, in order to qualify for an investment visa, Quebec investor class immigration applicants face no such constraints. Consequently, immigration to Canada through investment is possible for anyone that satisfies all the standard citizenship by investment Canada criteria under the Quebec Investor Program.

Does Quebec Residency Fall Under Canadian Residency?

Yes, all residents of Quebec are also residents of Canada and therefore enjoy the same benefits as people living in other parts of the country. One of these perks is the ability to move to and take up residence in any province in Canada, as guaranteed by the Canadian Charter of Rights and Freedoms. There is no such thing as a Quebec residence card – individuals that immigrate to Canada under the Quebec program for immigrant investors are given a Canadian PR card that is recognized from coast to coast.

Quebec Entrepreneur Program

Foreign nationals that do not meet the $1,600,000 net-worth requirement of the province’s Investor Program may be interested in the Quebec Entrepreneur Program. Only requiring net assets of CAD $300,000 as well as two years of experience running a business, the Entrepreneur Program provides a path for fast Canadian immigration to foreigners who create or acquire a business in the province. There are two main distinctions between the Entrepreneur Program and the Investor Program in Quebec. First, the Quebec program for entrepreneurs only admits people to Canada under a conditional visa that requires the applicant to actively manage a qualifying local business. Not only does the entrepreneur have to own and control at least 25% of the company’s capital equity with a value of at least $100,000 CAD, they must also regularly report to immigration authorities as they work to fulfill all the qualifying business conditions. The Canadian investor visa available through the QIIP, on the other hand, contains no such conditions whatsoever and does not stipulate any special obligations once landed in the country. Second, applicants with senior management experience that does not include ownership do not qualify for Quebec business immigration under the entrepreneur stream, while similar experience may make them eligible under the investor stream. Entrepreneur Program Quebec applicants must also defend a business plan during their selection interview, which involves outlining the relevancy and feasibility of the project to immigration authorities. Please note: the Canada Entrepreneur Program and Federal Investor Program have been terminated – only their Quebec counterparts remain active.

Immigrant Investor Program Quebec Required Documents

The Quebec Application for Selection Certificate requires an extensive amount of documentation be submitted to support the investor file. All documents must be submitted in their original language, certified translation and must be in the correct format. Documents submitted in a non-conforming format may result in the rejection of an investor application or the return of the document to the sender. All certified true copies and photocopies must be of excellent quality or immigration authorities could deem them inadmissible. Certified true copy documents require an authorized person, such as a notary public, to compare the original document to the photocopy. The authorized notary must then print on the copy “I certify that this is a true copy of the original document” along with their name, official position or title, signature, name of the original document, as well as the date of the certification. The applicant is totally responsible for the truthfulness and accuracy of all information and documents submitted in support of their application, including any documentation provided on their behalf by an authorized person. Please be advised that immigration authorities in Quebec may independently verify the accuracy of information provided on investment immigration applications with third parties. Any false or misleading information given in relation to Canadian immigration for investors is an offense under the law, and the applicant may be liable to a fine, refusal or rejection, or even the cancellation of their Quebec Selection Certificate (QSC).

The following documents are required as part of a Quebec Immigrant Investor Program application. Forms, declarations, investment agreements, and appendices must bear original handwritten signatures.

Section 1 – Quebec Selection Certificate application documents:

· Payment of fees charged to examine an application (original)

· Application for Selection Certificate (original)

· Declaration on Common Values of Quebec Society (original)

· Declaration by spouse or de facto spouse (original)

· Investment agreement signed with authorized broker or trust

company (original)

· Power of attorney with respect to financial transactions (photocopy)

· Declaration by the broker or trust company with respect to identity

· checks and monetary due diligence (original)

· Detailed narrative written in signatory’s mother tongue for principal applicant as well as spouse (original)

Section 2 – Power of attorney documents:

· Power of attorney mandate duly completed by applicant and legal representative (original)

· Authorization to communicate personal information (original)

Section 3 – Identity and civil status documents:

· Valid passport from country of birth, and any other country where citizenship is held including second passport jurisdictions. Required for main applicant, spouse, and all dependent children, and must include all pages in the passport, even blank ones (photocopy).

· National identity card(s), front and back, for principal applicant and spouse (photocopy)

· Birth certificate of all persons included in investor file (photocopy)

· Family booklet or household register of all persons (photocopy)

· Marriage certificate if applicable

· Spousal proof documents: mortgage or lease bearing both names, joint bank account statements, utility bills, etc. (photocopy)

· Divorce certificate if principal applicant or spouse were previously married (photocopy)

· Official adoption papers of dependent child if applicable (photocopy)

· Official change of name documents of any person included in the investor file if applicable (photocopy)

· Recent passport size photo of principal applicant, spouse, and all dependent children (original)

· Declaration of parental consent authorizing child to immigrate to Canada. This document must be made before a judge, officer of the court, government employee, notary, diplomat or consular representative from country of citizenship, or a magistrate, and must include their signature and professional seal (original).

· Signed identity item of non-accompanying parent, if declaration of parental consent for permanent immigration of child is authorized by a non-accompanying parent (photocopy)

· Court judgment or certificate indicating the exclusive assignment of child’s custody rights to accompanying parent if applicable (photocopy)

· Death certificate of parent of dependent child if applicable (photocopy)

· Medical certificate attesting to adult child’s physical or psychological incapacity if applicable (original)

Section 4 – Selection criteria documents:

· Diploma or certificate obtained by principal applicant from public or private education institution recognized by the Government (certified true copy)

· Transcript corresponding to educational diploma or certificate submitted (certified true copy)

· Attestation of recognized French test results or recognized diploma in French for principal applicant, which results in priority treatment under the Quebec Investor Program 2018. Recognized tests for demonstrating intermediate-advanced level French including TEF, TEF Canada, TCF, TCFQ, and TEFAQ (photocopy).

· Attestation of IELTS test results (photocopy)

· Previous Quebec study permits, work permits, tourist or business visas, or passport stamps/airline tickets confirming previous visits to Quebec by principal applicant or spouse (photocopy)

· Birth certificate, Quebec health insurance card, and Canadian passport or PR card of any family in Quebec of either principal applicant or spouse (photocopy)

Section 5 – Declared net worth documents for principal applicant and spouse:

· Bank statements for bank accounts (chequing and/or savings) covering all banking transactions for at least the last 12 months (original)

· Statement of securities account issued by the Central Securities Depository indicating all stocks and bonds held on the last day of the last three complete fiscal years (original)

· Statement of securities transactions endorsed by a securities broker covering the last three complete fiscal years (original)

· Attestation from financial institution indicating the current value of all term deposits, guaranteed investment certificates, mutual funds, and treasury bills (photocopy)

· Insurance subscription agreements including documentation issued by financial institution confirming cash surrender value (photocopy)

· Any documents issued by a financial institution establishing other valuables declared in the investor immigration application such as warranty bonds or pension funds, including their acquisition cost (photocopy)

· Final purchase agreement, title deed, and registration in official cadastre (where applicable) of any residential or commercial property including land (photocopy)

· Professional valuation report for property holdings prepared by an accredited natural or legal person indicating separately the value of land and the value of buildings. Real estate valuator must hold a license from competent authority, and report must describe all sources of data as well as valuation methodology (original).

· Proof of payment of purchase price of real estate as well as any taxes. Receipt must include purchase date (photocopy).

· Additional purchase agreements reflecting full purchase price transacted between parties, if property was bought or sold in a country where documented real estate purchase prices are based on government valuations that differ from fair market value (such as Vietnam, India, Iran, etc.) A written declaration indicating the effective purchase amount can also suffice (photocopy).

· Personal credit report issued by a public credit registry such as the People’s Bank of China, or if no public registry exists a private credit registry such as TransUnion, Equifax, or Experian. This personal credit report should list all short-term and long-term financial liabilities such as bank loans, mortgages, lines of credit, credit cards, etc. (original)

· Wealth tax returns endorsed by official tax office, applicable in countries where this exists such as India and Kenya (photocopy)

Section 6 – Management experience documents

· Relevant documentation attesting to principal applicant’s performance of duties related to the management, planning, and control of material or human resources as well as financial resources under his or her authority (photocopy)

· Declaration of employees to public agency endorsed by issuing authority, such as social security office, or employer’s public liability insurance (photocopy)

· Certificate or work attestation for each work period and each management job for which applicant drew compensation that contributed to their current savings, assets, or investments (photocopy)

· Any management contract or employment contracts (photocopy)

· Personal income documentation in the name of principal applicant or spouse, endorsed by appropriate government authorities such as tax office, employment insurance, or pension fund. Income amounts must match personal income declared in narrative document of investor application (photocopy).

· Personal income tax returns for principal applicant or spouse including all schedules and receipts for payment, endorsed by official tax office (photocopy)

· History of social contributions by main applicant or spouse, especially any made to a pension fund (original or certified true copy)

Section 7 – Corporate documents for principal applicant or spouse:

· Registration certificate with the Registrar of Companies or its equivalent, and if applicable any extracts from business publications confirming the registration of business (photocopy)

· Tax registration certificate or card of the corporation (photocopy)

· Recent extracts from the Registrar of Companies or its equivalent (photocopy)

· Partnership agreements, articles of association, joint venture contracts, corporate by-laws, or memoranda of association agreements, including any amendments (photocopy)

· Documents supporting the transfer of funds invested in the corporation, such as relevant bank extracts (photocopy)

· Bank certificates on share capital investments. If applicable, include audit reports on capital prepared by an independent outside auditor (photocopy)

· Prospectus prepared for initial public offering (IPO) if company is listed on a stock exchange (photocopy)

· Annual reports covering at least the last five complete fiscal years if publically traded company (photocopy)

· For companies with one or more subsidiaries or a partnership, reports on the review engagement on financial statements or consolidated financial statements. The reports must contain a balance sheet, cash flow statement, profit and loss statement, and statement of retained earnings for each year. Accounting information must include a full breakdown of balance sheet items, revenue by business line, operating costs and administrative costs such as payroll, nature of activities, range of products offered, address of all business locations, organizational structure, existence of inter-company loans including their nature and recoverability, existence of company sales or loans with related parties, ownership and use of buildings valued on the books, and tax regime that applies to company. Additionally, reports should include accounting methodology and principles used to determine value of inventory, identification of fixed assets, and annual amortization of assets by category (original).

· Alternatively to the above, audit reports on financial statements accompanied by external documentation from competent authorities such as the credit bureau will suffice to support the legality of activities as well as the financial performance of incorporated businesses (photocopy)

· Corporate income tax Notice of Assessment or NOA (photocopy)

· Alternatively to the above, corporate income tax returns and payment receipts with all schedules endorsed by tax office (photocopy)

· Corporate banking statements if requested in writing by Immigration Quebec (original)

· Corporate credit report issued by public credit registry such as central bank, or private credit registry such as Equifax or TransUnion (original)

· Income statement (profit and loss) if the company is a sole proprietorship (original)

· Detailed appraisal report of sole proprietorship showing net worth (original)

· Bank account statements used by sole proprietorship if requested in writing by Immigration Quebec (original)

Section 8 – Inheritance and donation documents:

· For donations, identification of donor and proof of their financial capacity to make such a donation, as well as the legal original of the funds (photocopy)

· For donations, documents attesting to the transfer of goods or funds received, such as transfer of property deed or proof of bank transfer (photocopy)

· For inheritances, certificate of death as well as notarized will or court judgment confirming the nature of the inheritance. Documents attesting to the transfer of funds or assets to the heir are also required (photocopy).

While the Quebec Immigrant Investor Program document checklist is clearly extensive, a legal team will work alongside clients to ensure they can procure all necessary documentation in the easiest manner possible. Our partner law firm is entirely committed to the success of their clients, and will help guide them in an effective manner through each step of the investment immigration process.

What Proof Is Provided That the Investment Has Been Made?

Once an applicant has been conditionally approved for the Quebec Investor Program, they will receive transfer instructions so that he or she can wire the appropriate funds to the financial intermediary (FI). Once the investment is officially made, the Government of Quebec will issue a term note to the financial intermediary who will then provide the applicant with a copy. After five years, the financial intermediary will return the original term note to the Government of Quebec who will then return the money to the FI.

What Happens If I Die During the Process?

Immigrant investors who pass away during the QIIP application process will have their application canceled. In cases where the investment has already been made, the funds will be returned to your spouse or estate in approximately 30 days. Once Canadian Permanent Residency has been issued through the Quebec Investor Program, the death of the main applicant will not cause his or her family to lose their immigration status in Canada. In such cases where the investment was not financed, your family will need to provide evidence to the financial intermediary that they are the rightful heirs to your estate in order to receive the funds after the five-year period has ended.

Quebec Entrepreneur Program

Saskatchewan Immigrant Nominee Program (SINP)