Canadian Immigrant Program

Canadian immigrant program: The immigrant investor program offered a way to buy entrance into Canada for people with a net worth of $1.6-million who were able to lend Ottawa $800,000 interest-free for five years. Citing its limited economic benefit, the Conservative government said on Feb. 11 that it intends to kill the program, leaving behind the 65,000 people on an enormous backlog of applicants. More Related to this Story, according to Globe and Mail. Chinese business community criticizes decision to end investor program A group of angry Chinese millionaires is threatening legal action against the Canadian government after Ottawa cancelled a popular immigration program that dashed the hopes of thousands of wealthy foreigners. Ending the Immigrant Investor program was a missed opportunity (www.immigrantscanada.com). As reported in the news.