immigrantscanada.com

Independent topical source of current affairs, opinion and issues, featuring stories making news in Canada from immigrants, newcomers, minorities & ethnic communities' point of view and interests.

Pnp Deposits: Store and University Avenue

pnp deposits: EXCLUSIVE P.E.I. withholds 18M in PNP deposits from immigrant investorsP.E.I. deficit for 2016-17 closes at 1.3M She started wondering about the province's business immigration system and whether it really retains immigrants or creates lasting jobs, according to CBC. How do we have a system that encourages this Where's the oversight to our provincial immigration nominee program she asked, standing at her second-floor window overlooking University Avenue, near the city's downtown. She was excited to have newcomers open up shop around her, but watched in disappointment as their companies including a Chinese children's book store, a porcelain shop, a store that sold reproductions of art and a baked goods store closed over the last two-and-a-half years. From my window, I could see four storefronts which began to be these turnover businesses, which were legitimate businesses, but weren't conducting much business. It's a system the provincial Liberal government says is diversifying the Island's population and economy, but its critics say has evolved into a side-door route to larger Canadian cities, while filling the province's coffers with forfeited deposits from failed or abandoned ventures. Wealthy applicants will work the system' Locally, such businesses set up under the 100 per cent ownership stream in the provincial nominee program are known simply as PNP companies. (www.immigrantscanada.com). As reported in the news.